Wyoming Gold Act.
Wyoming's SF 96 (the "Wyoming Gold Act") requires the state treasurer to hold at least $10 million in physical gold and silver (specie) across all state accounts by January 2026, aiming to diversify investments and protect against economic risks. The bill also authorizes the treasurer to hire precious metals experts, adopt implementing rules by 2026, and conduct a study on using precious metals to boost economic security - including exploring if the state could accept gold/silver as payment. This directly affects the Wyoming State Treasurer’s office and its investment management. The bill does not make gold/silver legal tender but mandates specific holdings and a study, with key provisions effective January 2026.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
Senate Passage
Feb 2025
House Passage
Feb 2025
Signed into Law
Feb 2025
Introduced Jan 16, 2025
Signed Feb 25, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Introduced
→
Enrolled
·
4 edits
·
Feb 25, 2025
MODERATE
The bill evolved from a draft to an enrolled version with significant substantive changes. The most important change is that the study requirement was reassigned from the state treasurer to the department of revenue, and the study scope was narrowed to focus specifically on accepting gold and silver as payment rather than a broader economic security analysis. Additionally, the effective date for Section 1 was clarified to January 1, 2026, while other sections become effective immediately upon becoming law.
Scope change
The bill's scope was narrowed from a broad economic security study to a specific study on accepting gold and silver as payment, and responsibility for conducting the study shifted from the state treasurer to the department of revenue.
REQUIREMENT
The entity responsible for conducting the study changed from the state treasurer to the department of revenue.
The study scope was narrowed from analyzing the role of precious metals in economic security to specifically reviewing methods for accepting gold and silver as a payment medium.
The requirement for the state treasurer to submit study results to committees was removed and replaced with the department of revenue submitting to the same committees.
TIMELINE
Section 1 (specie holding requirements) effective date was explicitly set to January 1, 2026, while other sections become effective immediately upon becoming law.
Floor votes · Senate Jan 31, 2025 · House Feb 19, 2025
How they voted
25–6
Passed
Total votes 31
Jan 31, 2025
D
Democratic2
100% Nay
R
Republican29
86% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
22
Key actions
7
Committee
4
Feb 19, 2025
Upper · Passed
S Concur:Passed 23-8-0-0-0
upper
Feb 19, 2025
Lower · Passed
H 3rd Reading:Passed 44-17-1-0-0
lower
Feb 14, 2025
Lower · Passed
H COW:Passed
lower
Feb 13, 2025
Lower · Passed
H02 - Appropriations:Recommend Amend and Do Pass 5-1-1-0-0
lower
Feb 10, 2025
Introduced
H Introduced and Referred to H02 - Appropriations
lower
Jan 31, 2025
Upper · Passed
S 3rd Reading:Passed 25-6-0-0-0
upper
Jan 29, 2025
Upper · Passed
S COW:Passed
upper
Jan 24, 2025
Upper · Passed
S03 - Revenue:Recommend Amend and Do Pass 3-2-0-0-0
upper
Jan 16, 2025
Introduced
S Introduced and Referred to S03 - Revenue
upper
1 primary · 11 co-sponsors
Sponsors
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