South Dakota legislation · 101st Legislature (2026)
South Dakota SB112: establish a currency based on gold and silver.
Status: Failed, February 9, 2026
What the bill says
An Act to establish a currency based on gold and silver.
From the introduced text, January 22, 2026:
An Act to establish a currency based on gold and silver. Be it enacted by the Legislature of the State of South Dakota: Section 1. That a NEW SECTION be added to a NEW CHAPTER in title 1: [ADDED: Terms used in this chapter mean:] [ADDED: (1) "Bullion," refined precious gold or silver metal, valued primarily based on its metal content and not on its form or function;] [ADDED: (2) "Bullion depository," an entity providing vault facilities within the United States for the storage of bullion, which:] [ADDED: (a) Complies with the administrative rules promulgated for the selection of or establishment of a bullion depository per section 3 of this Act; and] [ADDED: (b) Has a contractual relationship to provide services for deposits of specie or legal tender for an authorized electronic payment system vendor;] [ADDED: (3) "Depository agent," a private entity authorized by the state treasurer to operate a bullion depository or perform related services under this chapter;] [ADDED: (4) "Electronic payment system," an electronic platform or payment system that uses gold or silver specie as the basis for transactions and that:] [ADDED: (a) Uses bullion held in a bullion depository for electronic transactions;] [ADDED: (b) Allows for the redemption of bullion by system participants;] [ADDED: (c) Enables account holders to make payments to participating vendors; and] [ADDED: (d) …
Sponsors
- Julie Auch (R, HD-018) · primary sponsor
- John Carley (R, SD-029) · primary sponsor
- Bobbi Andera (R, HD-010)
- Aaron Aylward (R, HD-006)
- Heather Baxter (R, HD-034)
- Greg Blanc (R, SD-035)
- Timothy Goodwin (R, HD-030)
- Jana Hunt (R, HD-028)
- Travis Ismay (R, HD-028)
- Phil Jensen (R, 33)
- Dylan Jordan (R, HD-004)
- Logan Manhart (R, HD-001)
Latest actions
- : Deferred to the 41st legislative day
- : Scheduled for hearing
- : Scheduled for hearing
- : First read in Senate and referred to State Affairs
Votes
- Deferred to the 41st legislative day (February 9, 2026): 7 yea, 1 nay, passed
Common questions
- What is SB112?
- SB112 is a bill in the South Dakota Legislature (101st Legislature (2026)): establish a currency based on gold and silver.
- What does SB112 do?
- In its own words: An Act to establish a currency based on gold and silver.
- What is the status of SB112?
- Failed as of February 9, 2026. Latest action: Deferred to the 41st legislative day (February 9, 2026).
- Who sponsored SB112?
- Julie Auch (R, HD-018), with 11 co-sponsors.
- Where is the official record for SB112?
- On the South Dakota Legislature website: https://sdlegislature.gov/Session/Bill/26856
Source: official South Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.