SJR 55 Texas Senate · 89th Legislature (2025)

Proposing a constitutional amendment relating to the right to own, hold, and use a mutually agreed upon medium of exchange.

This bill proposes a constitutional amendment in Texas that would protect residents' right to own, hold, and use any form of money they agree to trade with, including cash, coins, digital currency, bullion, or privately issued scrip (like gift cards). It would prevent government from banning or restricting ownership of any money type, though it clarifies that Texas can still choose what it accepts for state payments (e.g., taxes). The amendment must be approved by voters in the November 2023 election. If passed, it would become part of the Texas Constitution, directly affecting all Texas residents' ability to use various payment methods in private transactions.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 18, 2025 Last action Feb 28, 2025
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Full legislative history

Actions timeline

Total actions
4
Key actions
0
Committee
1
Feb 28, 2025
Committee
Referred to Business & Commerce
upper
Feb 28, 2025
Introduced
Read first time
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Tan Parker
Tan Parker
RRepublican
TX
12