Bill
Bill > HB695
LA HB695
Provides relative to gold and silver as legal tender (EG INCREASE SG EX See Note)
summary
Introduced
05/20/2025
05/20/2025
In Committee
05/28/2025
05/28/2025
Crossed Over
05/27/2025
05/27/2025
Passed
Dead
Introduced Session
2025 Regular Session
Bill Summary
AN ACT To amend and reenact R.S. 6:341(A), relative to gold and silver as legal tender; to provide for a gold-backed debit instrument; and to provide for related matters.
AI Summary
This bill amends Louisiana state law to expand the recognition of gold and silver as legal tender by modifying existing statutes. Specifically, the bill removes language restricting legal tender to coins issued by states and instead recognizes gold or silver coins, specie, or bullion issued by the United States government as legal tender. Additionally, the bill introduces a novel provision that allows gold-backed debit instruments, which can convert gold held in a depository to traditional currency (fiat currency), to also be considered legal tender in Louisiana. This change potentially provides Louisiana residents with more flexible options for using gold as a form of payment and acknowledges gold as a legitimate monetary instrument. The bill represents an effort to broaden the state's legal tender definitions and provide alternative financial instruments beyond standard paper currency and coins.
Committee Categories
Business and Industry
Sponsors (14)
Raymond Crews (R)*,
Beryl Amedée (R),
Michael Bayham (R),
Beth Billings (R),
Kellee Dickerson (R),
Kathy Edmonston (R),
Peter Egan (R),
Gabe Firment (R),
Jay Gallé (R),
Danny McCormick (R),
Joe Orgeron (R),
Chuck Owen (R),
Rodney Schamerhorn (R),
Roger Wilder (R),
Last Action
Read second time by title and referred to the Committee on Commerce, Consumer Protection and International Affairs. (on 05/28/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=HB695&sbi=y |
| Fiscal Note - HB695 Engrossed | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1417495 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1415975 |
| Analysis - Digest of HB695 Engrossed | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1416048 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1415952 |
| Analysis - Digest of HB695 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1415954 |
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