Bill > HB733

This bill establishes new standards for the storage, treatment, and use of gold and silver (referred to as "specie legal tender") in Missouri. The legislation, known as the "Constitutional Money Act", allows gold and silver to be used as legal tender for both public and private debts, giving individuals and businesses the option to accept or pay with physical or electronic precious metal currency. The bill requires the Department of Revenue to create rules for accepting specie legal tender, and specifies that no entity is required to use such currency if they do not wish to do so. The legislation also includes protections for individuals' rights to own and use gold and silver, prohibiting state agencies from seizing such assets or restricting their use, except under specific legal circumstances. The bill defines various terms related to precious metals, including "bullion", "electronic currency", and "specie", and provides detailed guidelines for how these alternative forms of currency can be used in financial transactions. Additionally, the bill includes a provision that allows employers to pay employees, if requested, in the dollar equivalent of specie legal tender, either physically or electronically, while requiring the employer to verify the weight and purity of any physical precious metal used for compensation.

https://house.mo.gov/Bill.aspx?bill=HB733&year=2025&code=R