Louisiana legislation · 2026 Regular Session
Louisiana HB797: BANKS/BANKING: Creates the Bayou Gold Program (EN INCREASE SG EX See Note)
Status: Signed into law, June 8, 2026
What the bill says
An act To enact R.S. 6:342, relative to creating the Bayou Gold Program; to provide for definitions; to create the Bayou Gold Program; to provide for duties of the Department of the Treasury; to provide for certification requirements; to provide for application to the department; to provide for fees; to provide for penalties; and to provide for related matters.
From the introduced text:
AN ACT To enact R.S. 6:342, relative to creating the Bayou Gold Program; to provide for definitions; to create the Bayou Gold Program; to provide for duties of the Department of the Treasury; to provide for certification requirements; to provide for application to the department; to provide for fees; to provide for penalties; and to provide for related matters. Be it enacted by the Legislature of Louisiana: Section 1. R.S. 6:342 is hereby enacted to read as follows: §342. Bayou Gold Program; certification A. For the purposes of this Section, the following definitions have the following meanings: (1) "Account holder" means a person with a single account or joint account in a bullion depository. (2) "Allocated precious metals" means gold or silver bullion held in custody on a fully reserved, one-to-one basis, owned by the account holder, and not subject to lending, rehypothecation, or encumbrance. (3) "Bullion depository" means an entity providing vault facilities within the United States for the storage of gold bullion and silver bullion that do all of the following: Page 1 of CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 26RS-1049 ORIGINAL HB NO. (a) Complies with the prescribed London Bullion Market Association or equivalent best practice guidelines. (b) Provides allocated accounts that do all of the following: …
Sponsors
- Crews, Raymond (R, 8) · primary sponsor
Latest actions
- : Effective date: 06/08/2026.
- : Signed by the Governor. Becomes Act No. 841.
- : Sent to the Governor for executive approval.
- : Signed by the President of the Senate.
- : Enrolled and signed by the Speaker of the House.
- : Read by title, roll called, yeas 97, nays 0, Senate amendments concurred in.
- : Scheduled for concurrence on 05/29/2026.
- : Received from the Senate with amendments.
- : The amended bill was read by title, passed by a vote of 26 yeas and 2 nays, and ordered returned to the House. Motion to reconsider tabled.
- : Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.
Votes
- House Vote on HB 797, CONCUR IN SENATE AMENDMENTS (#1739) (May 29, 2026): 97 yea, 0 nay, passed
- Senate Vote on HB 797, FINAL PASSAGE (#1498) (May 28, 2026): 26 yea, 2 nay, passed
- House Vote on HB 797, FINAL PASSAGE (#738) (April 27, 2026): 101 yea, 0 nay, passed
Common questions
- What is HB797?
- HB797 is a bill in the Louisiana Legislature (2026 Regular Session): BANKS/BANKING: Creates the Bayou Gold Program (EN INCREASE SG EX See Note).
- What does HB797 do?
- In its own words: An act To enact R.S. 6:342, relative to creating the Bayou Gold Program; to provide for definitions; to create the Bayou Gold Program; to provide for duties of the Department of the Treasury; to provide for certification requirements; to provide for application to the department; to provide for fees; to provide for penalties; and to provide for related matters.
- What is the status of HB797?
- Signed into law as of June 8, 2026. Latest action: Effective date: 06/08/2026. (June 8, 2026).
- Who sponsored HB797?
- Crews, Raymond (R, 8).
- Where is the official record for HB797?
- On the Louisiana Legislature website: https://legis.la.gov/legis/BillInfo.aspx?s=26RS&b=HB797
Source: official Louisiana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.