TREASURY DEPARTMENT: Authorizes the state treasurer to invest monies deposited into the Budget Stabilization Fund in certain metals and certain digital assets (OR INCREASE GF EX See Note)
HB 619 allows Louisiana's state treasurer to invest up to 5% of the Budget Stabilization Fund's balance in gold, silver, platinum, or digital assets (like cryptocurrency) meeting strict criteria. Specifically, digital assets must have a total market value exceeding $750 billion averaged over the prior year, and all investments must follow secure custody rules - such as using licensed custodians or approved digital storage solutions. The bill defines key terms like "digital assets" and "secure custody solution" to ensure assets are held safely and transparently. This directly affects how the state manages its savings fund, limiting investments to high-value, regulated assets while requiring robust security measures.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2026
Last action Mar 9, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
2
Mar 9, 2026
Committee
Read by title, under the rules, referred to the Committee on Appropriations.
lower
Feb 26, 2026
Committee
Under the rules, provisionally referred to the Committee on Appropriations.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark Wright
RRepublican
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