summary
Introduced
01/27/2026
01/27/2026
In Committee
02/25/2026
02/25/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT To amend Chapter 5A of Title 50 of the Official Code of Georgia Annotated, relating to the Office of State Treasurer, so as to provide for gold and silver specie as legal tender; to provide for a bullion depository; to provide for an electronic payment system; to provide for guidelines, rules and regulations; to provide for insured deposits; to prohibit social credit scoring systems; to provide for annual reports; to prohibit taxation of transactions involving gold and silver specie and legal tender; to provide for an implementation date; to provide for construction; to provide for legislative findings; to provide for definitions; to provide for a short title; to provide for an effective date; to provide for related matters; to repeal conflicting laws; and for other purposes.
AI Summary
This bill, known as the "Transactional Gold and Silver Act," aims to establish gold and silver specie as legal tender in Georgia, meaning they can be used to pay debts, taxes, and other obligations. It proposes creating a Bullion Depository Commission to oversee the establishment of secure bullion depositories, which will store gold and silver bullion (refined precious metal valued for its content) and allow account holders to buy, sell, save, or spend it. The bill also mandates the development of an electronic payment system to facilitate transactions using this gold and silver, ensuring that all deposits are fully insured and that account holder privacy is protected, explicitly prohibiting the use of this system for social credit scoring or any form of social or economic control. Furthermore, transactions involving gold and silver specie will be exempt from taxation, and the commission is required to report annually to the General Assembly on the implementation and economic impact of these provisions, with the new system to be in place by January 1, 2028.
Committee Categories
Business and Industry
Sponsors (17)
Jason Anavitarte (R)*,
Matt Brass (R)*,
Max Burns (R)*,
Clint Dixon (R)*,
Russ Goodman (R)*,
Sonya Halpern (D)*,
Marty Harbin (R)*,
Billy Hickman (R)*,
Kay Kirkpatrick (R)*,
Derek Mallow (D)*,
Randy Robertson (R)*,
Ed Setzler (R)*,
Shawn Still (R)*,
Brian Strickland (R)*,
Carden Summers (R)*,
Blake Tillery (R)*,
Rick Williams (R)*,
Last Action
Senate Read Second Time (on 02/26/2026)
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.ga.gov/legislation/72464 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/240414 |
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