Bill > S1127

This bill establishes comprehensive provisions regarding the use of gold and silver coins and bullion in Idaho, with the primary goals of ensuring constitutional compliance, protecting state sovereignty, and promoting economic security. The legislation defines various types of gold and silver coins (including both U.S. and foreign coins), establishes their dollar values based on specific calculations, and declares gold and silver coins, bullion, base-metallic coins, and paper currency as legal tender. The bill requires the state controller to determine and publish daily exchange ratios between gold and silver in the free market, and provides detailed rules for how gold and silver can be used in financial transactions, including the enforcement of gold and silver clauses in contracts. The law prohibits state officers from requiring or preventing gold and silver payments except in specific legal circumstances, prevents the seizure of gold and silver without a court order, and allows citizens to bring civil actions against state employees who fail to enforce these provisions. Notably, the bill creates a framework that protects citizens' ability to use gold and silver as a form of payment, drawing on constitutional principles of states' rights and individual financial freedom. The law will go into effect on July 1, 2025, after an emergency declaration by the legislature.

Government Affairs, Justice

State Affairs Committee (S)

https://legislature.idaho.gov/sessioninfo/2025/legislation/S1127/