Minnesota legislation · 94th Legislature 2025-2026
Minnesota SF4648: Transactional gold and silver act establishment
Status: In committee, March 23, 2026
What the bill says
A bill for an act relating to commerce; establishing the transactional gold and silver act; recognizing gold and silver specie as legal tender; requiring the commissioner of commerce to authorize a bullion depository; authorizing an electronic payment system; requiring rulemaking; requiring a report; proposing coding for new law in Minnesota Statutes, chapter 45.
From the introduced text, March 18, 2026:
A bill for an act relating to commerce; establishing the transactional gold and silver act; recognizing gold and silver specie as legal tender; requiring the commissioner of commerce to authorize a bullion depository; authorizing an electronic payment system; requiring rulemaking; requiring a report; proposing coding for new law in Minnesota Statutes, chapter 45. Section 1. new text begin [ADDED: [45.20] TRANSACTIONAL GOLD AND SILVER ACT.] new text end new text begin [ADDED: Subdivision 1.] new text end new text begin [ADDED: Definitions.] new text end new text begin [ADDED: (a) For purposes of this section, the following terms have the meanings given.] new text end new text begin [ADDED: (b) "Account holder" means a person with a single account or joint account in a bullion depository.] new text end new text begin [ADDED: (c) "Allocated" means bullion that (1) is specifically identified, segregated, and held for the sole benefit of an individual account holder, and (2) does not constitute a general asset or liability of the depository or another party.] new text end new text begin [ADDED: (d) "Bullion depository" means a depository established under subdivision 3.] new text end new text begin [ADDED: (e) "Depository agent" means a private entity authorized by the commissioner to operate a bullion depository or perform related services under this section.] new text end …
Sponsors
- Cal Bahr (R) · primary sponsor
- Mark Koran (R)
- Gary Dahms (R)
- Bill Weber (R)
- Nathan Wesenberg (R)
Latest actions
- : Referred to Commerce and Consumer Protection
- : Introduction and first reading
Common questions
- What is SF4648?
- SF4648 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Transactional gold and silver act establishment.
- What does SF4648 do?
- In its own words: A bill for an act relating to commerce; establishing the transactional gold and silver act; recognizing gold and silver specie as legal tender; requiring the commissioner of commerce to authorize a bullion depository; authorizing an electronic payment system; requiring rulemaking; requiring a report; proposing coding for new law in Minnesota Statutes, chapter 45.
- What is the status of SF4648?
- In committee as of March 23, 2026. Latest action: Referred to Commerce and Consumer Protection (March 23, 2026).
- Who sponsored SF4648?
- Cal Bahr (R), with 4 co-sponsors.
- Where is the official record for SF4648?
- On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF4648&y=2025&ssn=0&b=senate
Source: official Minnesota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.