Iowa legislation · 91st General Assembly
Iowa HF2311: An Act relating to the use of specie as legal tender
Status: In committee, February 24, 2026
An Act relating to the use of specie as legal tender.
What the bill says
A bill FOR An Act relating to the use of specie as legal tender.
From the introduced text, February 6, 2026:
A BILL FOR An Act relating to the use of specie as legal tender. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 5786YH (3) sc/ns H.F. 2311 Section 1. NEW SECTION. 12L.1 Definitions. For purposes of this chapter: 1. "Bullion" means refined gold or silver in any shape or form that is certified as ninety-nine and five-tenths percent pure gold or ninety-nine and nine-tenths percent pure silver. 2. "Bullion depository" means a vault facility for the storage of bullion that meets all of the following qualifications: a. Complies with the prescribed London bullion market association or equivalent best practices guidelines. b. Provides accounts for holding bullion that allow account holders to buy, sell, save, or spend bullion. c. Is located in the United States. 3. "Depository agent" means a private entity authorized by the treasurer of state to operate a bullion depository or perform related services. 4. "Electronic payment system" means an electronic platform that enables participating vendors to receive and process a payment from an account holder of a bullion depository using specie held in the bullion depository as the basis for the payment transaction. 5. "Legal tender" means a medium of exchange, currency, or money that may be accepted in a financial transaction. 6. "Social credit scoring system" means a system of recordkeeping, …
Sponsors
- Jennifer Smith (R, 72) · primary sponsor
Latest actions
- : Committee report approving bill, renumbered as HF 2723 .
- : Committee vote: Yeas, 15. Nays, 8. H.J. 356 .
- : Committee report, recommending passage. H.J. 356 .
- : Subcommittee recommends passage.
- : Subcommittee Meeting: 02/17/2026 12:30PM RM 102.
- : Subcommittee: Blom, Bossman and Zabner. H.J. 262 .
- : Introduced, referred to Commerce. H.J. 224 .
Votes
- Committee report, recommending passage. H.J. 356 . (February 18, 2026): 15 yea, 8 nay, passed
Subjects: contracts, tax exemptions, silver, executive branch, investments, depositories, money, reports
Common questions
- What is HF2311?
- HF2311 is a bill in the Iowa Legislature (91st General Assembly): An Act relating to the use of specie as legal tender.
- What does HF2311 do?
- In its own words: A bill FOR An Act relating to the use of specie as legal tender.
- What is the status of HF2311?
- In committee as of February 24, 2026. Latest action: Committee report approving bill, renumbered as HF 2723 . (February 24, 2026).
- Who sponsored HF2311?
- Jennifer Smith (R, 72).
- Where is the official record for HF2311?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+2311&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.