Mississippi House Bill 1531: Mississippi Bullion Depository; establish and authorize fractional reserve currency.

Mississippi · 2026 Regular Session

What it does

An Act To Establish The Mississippi Bullion Depository; To Define The Term "legal Tender" As Specie Legal Tender And Electronic And/or Digital Currency Whose Entire And Exclusive Value Is Correlated Against The Market Value Of Gold Or Silver; To Define Other Terms Relating To The Depository; To Provide That Such Depository Is Established To Serve As The Custodian, Guardian, And Administrator Of Certain Bullion And Specie That May Be Transferred To Or Otherwise Acquired By The State Of Mississippi Or An Agency, Department, Institution, Instrumentality, Or Political Subdivision Of The State Of Mississippi; To Require That The Depository Be Administered As A Division Of The Office Of The State Treasurer And Under The Direction And Supervision Of A Bullion Depository Administrator; To Provide The Duties Of The Bullion Depository Administrator; To Authorize The Depository To Receive A Deposit Of Bullion Or Specie From Or On Behalf Of A Person Acting In The Person's Own Right, As Trustee, Or In Another Fiduciary Capacity, In Accordance With Any Rules Or Regulations Adopted By The State Treasurer; To Require That The Depository Record The Amount Of Precious Metals A Person Deposits,…

Latest action

Died In Committee (2026-02-03)

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