Iowa legislation · 91st General Assembly
Iowa HF325: A BILL FOR An Act relating to the establishment of a transactional currency based on gold and silver held in a bullion depository approved by the treasurer of state, and providing fees
Status: In committee, February 26, 2025
An Act relating to the establishment of a transactional currency based on gold and silver held in a bullion depository approved by the treasurer of state, and providing fees.
What the bill says
A bill FOR An Act relating to the establishment of a transactional currency based on gold and silver held in a bullion depository approved by the treasurer of state, and providing fees.
From the introduced text, February 11, 2025:
A BILL FOR An Act relating to the establishment of a transactional currency based on gold and silver held in a bullion depository approved by the treasurer of state, and providing fees. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 2553YH (2) sc/ns H.F. Section 1. NEW SECTION. 12L.1 Definitions. For purposes of this chapter: 1. "Approved bullion depository" means any of the following: a. A bullion depository located in this state, controlled by the state, and operating pursuant to regulations and safeguards reasonably acceptable to the treasurer of state. b. The Texas bullion depository or such other depository within the United States similar in mission and operation to the Texas bullion depository, provided that agreements and standards reasonably acceptable to the treasurer of state govern the use of the bullion depository with respect to deposits from the state of Iowa or its designees. 2. "Bullion" means precious metals that are formed into uniform shapes and quantities such as ingots, bars, or plates, with uniform content and purity, as are suitable for or customarily used in the purchase, sale, storage, transfer, and delivery of bulk or wholesale transactions in precious metals. 3. "Bullion depository" means a secured physical vault for the reception, authentication, storage, and security of bullion. 4. "Depository account" means the rights, interests, …
Sponsors
- Cindy Golding (R, 83) · primary sponsor
- Mark Cisneros (R, 96)
- Mark Thompson (R, 56)
- Thomas Gerhold (R, 84)
- Robert Henderson (R, 2)
- Tom Shipley (R, 9)
- Brooke Boden (R, 21)
- Jennifer Smith (R, 72)
Latest actions
- : Subcommittee recommends passage.
- : Subcommittee Meeting: 02/26/2025 12:45PM House Lounge.
- : Subcommittee: Smith, Cooling and Dunwell. H.J. 419 .
- : Introduced, referred to State Government. H.J. 285 .
Subjects: silver, depositories, money, gold, treasurer of state, metals
Common questions
- What is HF325?
- HF325 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act relating to the establishment of a transactional currency based on gold and silver held in a bullion depository approved by the treasurer of state, and providing fees.
- What does HF325 do?
- In its own words: A bill FOR An Act relating to the establishment of a transactional currency based on gold and silver held in a bullion depository approved by the treasurer of state, and providing fees.
- What is the status of HF325?
- In committee as of February 26, 2025. Latest action: Subcommittee recommends passage. (February 26, 2025).
- Who sponsored HF325?
- Cindy Golding (R, 83), with 7 co-sponsors.
- Where is the official record for HF325?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+0325&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.