HB 1044 Mississippi House · 2025 Regular Session

Mississippi Bullion Depository; establish.

HB 1044 establishes a state-run Mississippi Bullion Depository under the State Treasurer's Office to securely hold precious metals (like gold and silver) and coinage (specie) for the state, its agencies, and private individuals or entities. The depository would accept deposits of bullion or specie, record them in troy ounces, allow account holders to transfer or withdraw holdings, and prohibit interest payments on deposits. It requires contracts between depositors and the depository, mandates annual reporting to the legislature, and authorizes private depository agents to handle retail transactions. The bill died in committee in February 2025 and did not become law.
Bill status died 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 17, 2025 Last action Feb 4, 2025
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 17, 2025
Committee
Referred To Banking and Financial Services
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Bubba Carpenter
Bubba Carpenter
RRepublican
MS
1