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HB0195S01 (Substitute)
Precious Metals Amendments
Introduction
Jan 20
House Rules
House Committee
Jan 29
House Floor Vote
Feb 10
Senate Rules
Mar 4
Senate Committee
Mar 2
Senate 2nd Reading
Mar 5
Senate 3rd Reading
Mar 5
Law w/o Signature
Mar 26
This bill addresses precious metals.
This bill:
AI-generated summary. We recommend consulting the bill text for important decisions.
Utah's state treasurer is directed by this bill to seek proposals from private companies to build and operate a gold- and silver-backed electronic payment system, where physical precious metals stored in Utah vaults serve as the backing for digital transactions. The system would be voluntary — state contractors could choose to receive payment through it, and the state could also explore paying employees this way — and the treasurer must consult the State Tax Commission on tax implications, report annually to the legislature, and continue a two-year study on precious metals' role in Utah's economic security.
Current version: HB0195S01 (Substitute)
Introduction
Jan 20
House Rules
House Committee
Jan 29
House Floor Vote
Feb 10
Senate Rules
Mar 4
Senate Committee
Mar 2
Senate 2nd Reading
Mar 5
Senate 3rd Reading
Mar 5
Law w/o Signature
Mar 26
IntroductionJan 20
House Rules
House CommitteeJan 29
House Floor VoteFeb 10
Senate RulesMar 4
Senate CommitteeMar 2
Senate 2nd ReadingMar 5
Senate 3rd ReadingMar 5
Law w/o SignatureMar 26
This bill addresses precious metals.
This bill:
AI-generated summary. We recommend consulting the bill text for important decisions.
Utah's state treasurer is directed by this bill to seek proposals from private companies to build and operate a gold- and silver-backed electronic payment system, where physical precious metals stored in Utah vaults serve as the backing for digital transactions. The system would be voluntary — state contractors could choose to receive payment through it, and the state could also explore paying employees this way — and the treasurer must consult the State Tax Commission on tax implications, report annually to the legislature, and continue a two-year study on precious metals' role in Utah's economic security.
Motion: Favorable Recommendation
Motion: Motion for Favorable Recommendation
Motion: Favorable Recommendation
Governor Declined to Sign
Lieutenant Governor's office for filing
House/ to Governor
Executive Branch - Governor
House/ received enrolled bill from Printing
Clerk of the House
House/ enrolled bill to Printing
Clerk of the House
Enrolled Bill Returned to House or Senate
Clerk of the House
Last updated Mar 26, 2026, 9:39 PM
