New Jersey 2024-2025 Regular Session

New Jersey Senate Bill S666

Introduced
1/9/24  
Introduced
1/13/26  
Refer
1/9/24  

Caption

"Virtual Currency and Blockchain Regulation Act."

Impact

If enacted, S666 would compel every paint producer to submit a stewardship plan for approval by the Department of Environmental Protection (DEP). These plans must ensure convenient access to paint collection sites across urban, suburban, and rural areas, and must include educational outreach efforts to inform consumers about the stewardship program. Compliance with this bill would lead to a more structured approach to managing leftover paint and would likely reduce the environmental impact caused by improper disposal methods.

Summary

Senate Bill S666, known as the Architectural Paint Stewardship Act, mandates that all producers of architectural paint sold in New Jersey must either implement or participate in a state-wide paint stewardship program. This initiative aims to address the challenges local governments face regarding the proper disposal and recycling of post-consumer architectural paint, which is often costly and logistically complex. The bill requires producers to develop and execute plans that minimize public sector involvement in the disposal process by promoting reuse and recycling, as well as other environmentally sound management practices aligned with the federal waste management hierarchy.

Sentiment

The sentiment surrounding S666 has been generally supportive, particularly among environmental advocates who view it as a crucial step towards responsible waste management and recycling. However, there are concerns among some producers about the potential financial burden associated with implementing such programs, especially regarding the uniform paint stewardship assessment that will be added to the cost of paint sold in New Jersey. Producers may experience pushback concerning the administrative complexities of adhering to this legislation.

Contention

Notable points of contention focus on the financial implications for paint producers, with potential penalties for non-compliance raising concerns about the feasibility of meeting the stewardship requirements. Additionally, while the bill provides for a paint stewardship assessment to fund the program, producers worry that this could lead to increased prices for consumers and impact their competitiveness in the market. The balance between environmental responsibility and economic viability continues to be a topic of intense discussion.

Companion Bills

NJ A1975

Carry Over "Virtual Currency and Blockchain Regulation Act."

NJ S1267

Carry Over "Virtual Currency and Blockchain Regulation Act."

NJ S2433

Carry Over Provides that organ donor designation on driver's license or identification card remains upon renewal of license or card under certain circumstances.

NJ A4965

Carry Over Authorizes persons serving overseas in military to be married or enter into civil union by video conference or other electronic means.

Previously Filed As

NJ S775

"Virtual Currency and Blockchain Regulation Act."

NJ SB282

Virtual currency, declares preemption of virtual currency or cryptocurrency regulation by the Legislature and exempts virtual currency from ad valorem tax

NJ HB483

Virtual currency, declares preemption of virtual currency or cryptocurrency regulation by the Legislature and exempts virtual currency from ad valorem tax

NJ A08813

Relates to the regulation of business involving virtual currencies.

NJ S757

Establishing regulations on certain virtual currencies for fraud prevention

NJ S707

Relative to preventing fraud and establishing regulations on certain virtual currencies

NJ H1247

Relative to preventing fraud and establishing regulations on certain virtual currencies

NJ HB639

Relative to the use of and disputes over blockchain and digital currencies.

NJ HB639

relative to the use of and disputes over blockchain and digital currencies.

NJ S663

Requires solid waste management districts to develop strategy to reduce food waste; requires DEP to adopt certain rules and regulations regarding composting facilities.

Similar Bills

NJ S666

Requires paint producers to implement or participate in paint stewardship program.

NJ A3383

Requires paint producers to implement or participate in paint stewardship program.

MS SB2653

Mississippi IT Optimization Act; enact.

CA SCR138

Architecture Week.

MS HR43

MSU-Department of Landscape Architecture; commend upon 60th anniversary.

HI SB1625

Relating To Landscape Architects.

HI SB1625

Relating To Landscape Architects.

AK HB314

Arch, Eng, Surveyors; Reg Int Design