BANKS/BANKING: Establishes gold and silver as currency (OR INCREASE SG EX See Note)
HB 386 amends Louisiana law to expand what is recognized as legal tender. It clarifies that gold or silver coins, specie, or bullion recognized by any state or the U.S. government will continue to be accepted as legal tender. The bill's key provision adds a "gold-backed debit instrument" to the forms of legal tender. This instrument would allow users to convert gold held in a depository into regular currency for transactions, directly affecting individuals and businesses in the state.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
Governor
Introduced Apr 3, 2025
Last action May 20, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
2
Apr 14, 2025
Committee
Read by title, under the rules, referred to the Committee on Commerce.
lower
Apr 3, 2025
Committee
Under the rules, provisionally referred to the Committee on Commerce.
lower
1 primary · 6 co-sponsors
Sponsors
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