Iowa legislation · 91st General Assembly
Iowa SF112: 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, January 28, 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, January 23, 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 1072XS (2) sc/ns S.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
- Kevin Alons (R, 7) · primary sponsor
- Lynn Evans (R, 3)
- Jeff Taylor (R, 2)
- Mark Lofgren (R, 48)
- Jesse Green (R, 24)
- Annette Sweeney (R, 27)
- Witt, Rocky De (R, 1)
- Dave Rowley (R, 5)
- Sandy Salmon (R, 29)
- Dennis Guth (R, 28)
- Doug Campbell (R, 30)
- Tom Shipley (R, 9)
Latest actions
- : Subcommittee: Rozenboom, Celsi, and Schultz. S.J. 153 .
- : Introduced, referred to State Government. S.J. 130 .
Common questions
- What is SF112?
- SF112 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 SF112 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 SF112?
- In committee as of January 28, 2025. Latest action: Subcommittee: Rozenboom, Celsi, and Schultz. S.J. 153 . (January 28, 2025).
- Who sponsored SF112?
- Kevin Alons (R, 7), with 11 co-sponsors.
- Where is the official record for SF112?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=SF+0112&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.