Virginia House Bill 1121: Precious metals commodities and virtual currency; investment of public funds.

Virginia · 2026 Regular Session

What it does

Investment of public funds; precious metals commodities; virtual currency. Authorizes public entities to invest public funds, except sinking funds, in (i) commodities exchange-traded products, defined in the bill, that invest in precious metals and (ii) virtual currencies. The bill requires the Treasury Board to establish and maintain strict guidelines concerning any investments authorized in the bill and requires public entities making such investments to monitor the performance of such investments for compliance with the guidelines.

Latest action

Stricken from docket by Appropriations (22-Y 0-N) (2026-02-13)

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