Mississippi Bullion Depository; establish and authorize fractional reserve currency.

HB 1531 would have established the Mississippi Bullion Depository to hold gold and silver bullion, allowing individuals, businesses, and entities to deposit precious metals and receive receipts recorded in troy ounces. The bill defined "legal tender" to include gold- or silver-backed digital currencies and required the State Treasurer to manage the depository, set exchange rates for transactions, and submit annual reports to the legislature. Depositors could withdraw or transfer metals without earning interest, and the depository would use licensed agents for retail transactions. However, the bill died in committee in February 2026 and did not become law.