Establishes a transactional currency based on gold and silver held in a bullion depository approved by the treasurer of state.
The bill establishes a transactional currency based on gold and silver held in a bullion depository approved by the treasurer of state. It requires the treasurer to issue transactional currency to a person or state that pays for specie or bullion or designates bullion held on account in the depository for being represented by transactional currency and pays a fee. The bill allows a person with transactional currency to redeem the currency for United States dollars, specie, or bullion by presenting the currency to the treasurer of state.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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