A bill for an act relating to the investment of public moneys in digital assets and precious metals.

This bill allows Iowa's treasurer to invest up to 5% of specific state funds (general fund, cash reserve fund, economic emergency fund) in precious metals (gold, silver, platinum) and certain digital assets meeting strict criteria. Digital assets must have a $750 billion+ market capitalization, stablecoins must have regulatory approval, and all must be held via secure custody solutions or qualified custodians. The bill also requires taxes paid in qualifying digital assets to be converted to cash and transferred to the general fund, while restricting investments to low-risk options. It directly affects how Iowa manages state finances and protects public funds from high-risk digital asset volatility.