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DeWine signs bills on Business Fairness Act and blockchain into law

Written on Dec 17, 2021

OSCPA staff report  

Governor Mike DeWine signed into law two bills of interest to the CPA profession: House Bill 215,  the “Business Fairness Act,” and House Bill 177, which allows government entities to use distributed ledger technology and blockchain. 

H.B. 215, sponsored by Representatives Shane Wilkin, R-Hillsboro, and Jon Cross, R-Kenton, ensures that businesses providing similar goods or services may continue to operate during a state of emergency (as with the COVID-19 Stay at Home order) as long as they follow established safety protocols. HB 215 was supported by numerous employer groups, and will ensure that businesses of all sizes providing a particular good/service will have equal opportunity to remain open. An example raised in testimony was a “big box” store that sold food and medicine products, but also jewelry – was able to keep its doors open while a speciality store that sold only jewelry was forced to stay closed.

H.B. 177, sponsored by Representatives Rick Carfagna, R-Genoa Township, and Mark Fraizer, R-Newark, passed the House and Senate overwhelmingly. It enables blockchain technologto be used for record keeping among other uses and is meant to both increase privacy and security and save taxpayer dollars.