Iowa legislation · 91st General Assembly
Iowa SF2195: An Act relating to the use of specie as legal tender
Status: In committee, February 9, 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 4, 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 5786XS (1) sc/ns S.F. 2195 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 in this state. 6. "Social credit scoring system" means a …
Sponsors
- Kevin Alons (R, 7) · primary sponsor
Latest actions
- : Subcommittee: Rozenboom, Blake, and Schultz. S.J. 225 .
- : Introduced, referred to State Government. S.J. 197 .
Subjects: contracts, tax exemptions, silver, electronic transactions, executive branch, investments, depositories, money
Common questions
- What is SF2195?
- SF2195 is a bill in the Iowa Legislature (91st General Assembly): An Act relating to the use of specie as legal tender.
- What does SF2195 do?
- In its own words: A bill FOR An Act relating to the use of specie as legal tender.
- What is the status of SF2195?
- In committee as of February 9, 2026. Latest action: Subcommittee: Rozenboom, Blake, and Schultz. S.J. 225 . (February 9, 2026).
- Who sponsored SF2195?
- Kevin Alons (R, 7).
- Where is the official record for SF2195?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=SF+2195&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.