MINUTES OF THE

HOUSE PUBLIC UTILITIES, ENERGY, AND TECHNOLOGY STANDING COMMITTEE

Monday, February 14, 2022 • 8:00 a.m. • 110 Senate Building

Members Present: Rep. Carl R. Albrecht, Chair Rep. Rex P. Shipp, Vice Chair Rep. Scott H. Chew Rep. Kay J. Christofferson Rep. Clare Collard Rep. Steven J. Lund Rep. Doug Owens	Rep. Michael J. Petersen Rep. Angela Romero Rep. Keven J. Stratton Rep. Douglas R. Welton Rep. Ryan D. Wilcox Staff Present: Samantha D. Brucker, Managing Policy Analyst Linda Service, Committee Secretary
Note: A copy of related materials and an audio recording of the meeting can be found at www.le.utah.gov.

Chair Albrecht called the meeting to order at 8:00 a.m.

MOTION:Rep. Shipp moved to approve the minutes of the February 10, 2022 meeting.The motion passed with a vote of 8-0-4.

Yeas - 8 Nays- 0 Abs- 4

Rep. C. Albrecht
Rep. S. Chew
Rep. K. Christofferson
Rep. S. Lund
Rep. D. Owens
Rep. M. Petersen
Rep. A. Romero
Rep. R. Shipp
Rep. C. Collard
Rep. K. Stratton
Rep. D. Welton
Rep. R. Wilcox

Rep. Handy presented the bill assisted by John Baza, Director, Division of Oil, Gas and Mining, and Rob Simmons, Director, Carbon Science Initiative, Energy and Geoscience Institute, University of Utah. Rep. Handy distributed a handout.

HB 244 handout

Rep. Shipp assumed the chair.

Brian McPherson, Professor, University of Utah, spoke in support of the bill.

Matt Anderson, Deputy Director, Utah Office of Energy Development, spoke in support of the bill.

Rikki Hrenko-Browning, President, Utah Petroleum Association, spoke in support of the bill.

Jeff Hartley, Red Leaf/Green Leaf Resources, spoke in support of the bill.

MOTION:Rep. Christofferson moved to replace H.B. 244 with 2nd Substitute H.B. 244.The motion passed with a vote of 9-0-3.

Yeas - 9 Nays- 0 Abs- 3

Rep. C. Albrecht
Rep. S. Chew
Rep. K. Christofferson
Rep. C. Collard
Rep. D. Owens
Rep. M. Petersen
Rep. R. Shipp
Rep. K. Stratton
Rep. D. Welton
Rep. S. Lund
Rep. A. Romero
Rep. R. Wilcox

MOTION:Rep. Christofferson moved to pass 2nd Substitute H.B. 244 out favorably.The motion passed with a vote of 9-0-3.

Yeas - 9 Nays- 0 Abs- 3

Rep. C. Albrecht
Rep. S. Chew
Rep. K. Christofferson
Rep. C. Collard
Rep. D. Owens
Rep. M. Petersen
Rep. R. Shipp
Rep. K. Stratton
Rep. D. Welton
Rep. S. Lund
Rep. A. Romero
Rep. R. Wilcox

Rep. Albrecht resumed the chair.

1.H.B. 335 Blockchain and Digital Innovation Task Force (Teuscher, J.)

Rep. Teuscher presented the bill assisted by Matt Poll, local business owner.

Trace Mayer spoke in support of the bill.

Mike Caldwell spoke in support of the bill.

Seth Sunderland, Spring Canyon Capitol, spoke in support of the bill.

Frank Pignanelli, Executive Director, National Association of Industrial Bankers, spoke in support of the bill.

Dan Burton, General Counsel, Utah Attorney General's Office, spoke in support of the bill.

Cody Pritchett, CEO, Excavate Mining, spoke in support of the bill.

Dan Young, CEO, PC Laptops, spoke in support of the bill.

MOTION:Rep. Christofferson moved to amend H.B. 335 with Amendment #1.The motion passed with a vote of 10-0-2.

Amendment 1
H.B. 335

1 . Page 4, Lines 93 through 95 : Page 4, Lines 93 through 95
93 (ii) the { ~~incentivizing of~~ } development of nonfinancial incentives for industries in the state related to blockchain, financial
94 technology, and digital innovation;
95 (iii) the { ~~incentivizing~~ } promotion of partnerships with existing financial institutions and regulated

Yeas - 10 Nays- 0 Abs- 2

Rep. C. Albrecht
Rep. K. Christofferson
Rep. C. Collard
Rep. S. Lund
Rep. D. Owens
Rep. M. Petersen
Rep. A. Romero
Rep. R. Shipp
Rep. K. Stratton
Rep. R. Wilcox
Rep. S. Chew
Rep. D. Welton

MOTION:Rep. Christofferson moved to pass H.B. 335 out favorably as amended.The motion passed with a vote of 10-0-2.

Yeas - 10 Nays- 0 Abs- 2

Rep. C. Albrecht
Rep. K. Christofferson
Rep. C. Collard
Rep. S. Lund
Rep. D. Owens
Rep. M. Petersen
Rep. A. Romero
Rep. R. Shipp
Rep. K. Stratton
Rep. R. Wilcox
Rep. S. Chew
Rep. D. Welton

MOTION:Rep. Wilcox moved to adjourn.The motion passed with a vote of 10-0-2.

Yeas - 10 Nays- 0 Abs- 2

Rep. C. Albrecht
Rep. K. Christofferson
Rep. C. Collard
Rep. S. Lund
Rep. D. Owens
Rep. M. Petersen
Rep. A. Romero
Rep. R. Shipp
Rep. K. Stratton
Rep. R. Wilcox
Rep. S. Chew
Rep. D. Welton

Chair Albrecht adjourned the meeting at 9:51 a.m.

NOTE: H.B. 0244 was not discussed in the meeting.

Yeas - 8	Nays- 0	Abs- 4
Rep. C. Albrecht Rep. S. Chew Rep. K. Christofferson Rep. S. Lund Rep. D. Owens Rep. M. Petersen Rep. A. Romero Rep. R. Shipp		Rep. C. Collard Rep. K. Stratton Rep. D. Welton Rep. R. Wilcox

Yeas - 9	Nays- 0	Abs- 3
Rep. C. Albrecht Rep. S. Chew Rep. K. Christofferson Rep. C. Collard Rep. D. Owens Rep. M. Petersen Rep. R. Shipp Rep. K. Stratton Rep. D. Welton		Rep. S. Lund Rep. A. Romero Rep. R. Wilcox

Yeas - 10	Nays- 0	Abs- 2
Rep. C. Albrecht Rep. K. Christofferson Rep. C. Collard Rep. S. Lund Rep. D. Owens Rep. M. Petersen Rep. A. Romero Rep. R. Shipp Rep. K. Stratton Rep. R. Wilcox		Rep. S. Chew Rep. D. Welton