FL S0132

Florida's Department of Financial Services must contract with a conflict-free vendor to study whether the state should recognize gold and silver coin as legal tender, with a report due to the Legislature by December 1, 2025

The vendor must have no contractual or monetary relationship with any person or entity that supports or opposes gold and silver coin as legal tender, and must consult at least one economist and one constitutional law scholar

The report must cover constitutional authority for states to establish gold and silver coin as legal tender, practical implementation issues (purity standards, electronic payment systems, point-of-sale integration), financial regulation changes, tax implications, and public policy considerations

Key areas of analysis include FDIC/NCUSIF deposit insurance applicability, anti-money laundering compliance, counterfeiting prevention, risks of market manipulation, potential impacts on the U.S. dollar's stability and reserve currency status, and whether a state-run depository should be established

If the report recommends recognizing gold and silver coin as legal tender, the Department must submit comprehensive proposed statutory and administrative rule language to the Legislature by January 1, 2026