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IA HF2414

Bill

Official Source

Status

Introduced

2/11/2026

Primary Sponsor

Jeff Shipley

Click for details

Origin

House of Representatives

91st General Assembly

AI Summary

  • Iowa State Treasurer would be required to invest 20% of the state general fund in precious metals: gold, silver, platinum, and palladium
  • An additional 10% of general fund public moneys must be invested in equity interests in businesses that produce gold, silver, platinum, palladium, oil, and natural gas
  • Creates new section 12B.10D in Iowa Code establishing mandatory investment allocation requirements for the general fund
  • Combined, 30% of state general fund assets would be directed toward precious metals and energy production investments

Legislative Description

A bill for an act relating to the investment of public funds in precious metals, oil, and natural gas.

Last Action

Introduced, referred to State Government. H.J. 259.

2/11/2026

Committee Referrals

State Government2/11/2026

Full Bill Text

No bill text available