Illinois SB 3672: LOCAL DIGITAL ASSET INVEST ACT

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB3672

Introduced 2/5/2026, by Sen. Steve McClure 

SYNOPSIS AS INTRODUCED:

New Act

30 ILCS 235/2 from Ch. 85, par. 902

 Creates the Local Government Digital Asset Investment Act. Sets forth the purpose of the Act. Provides that a public agency investing in Bitcoin-related exchange-traded funds, digital asset stocks, or Bitcoin bonds shall include a summary of the investments, including performance and allocation, in its annual financial report submitted to the Illinois Comptroller under the Governmental Account Audit Act. Amends the Public Funds Investment Act. Provides that a public agency may invest up to 5% of its public funds in (1) bitcoin-related exchange-traded funds listed on a national securities exchange registered with the U.S. Securities and Exchange Commission; (2) stocks of publicly traded companies listed on a national securities exchange that hold at least 25% of their total assets in Bitcoin or other digital currencies, as verified by the company's most recent audited financial statements; and (3) bitcoin bonds listed on a national securities exchange or approved by the U.S. Securities and Exchange Commission, issued by a government, corporation, or other entity, with principal or interest payments denominated in Bitcoin.

LRB104 20208 HLH 33659 b

A BILL FOR

SB3672LRB104 20208 HLH 33659 b

1 AN ACT concerning finance.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 1. Short title. This Act may be cited as the Local 

5Government Digital Asset Investment Act.

6 Section 5. Purpose. The purpose of this Act is to 

7authorize units of local government and other public agencies 

8in the State of I