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ID SJM113
JM
Status
3/5/2026
Primary Sponsor
State Affairs Committee
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AI Summary
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Idaho Legislature urges Congress to authorize the U.S. Treasury to issue "treasury trust bonds"—long-dated securities redeemable at the holder's option in either U.S. dollars or a fixed weight of gold
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The proposed bonds would be collateralized by a portion of the nation's approximately 261.5 million troy ounces of gold reserves, citing 31 U.S.C. 5118(d)(2) which permits gold clauses in obligations issued after 1977
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July 4, 2026 (the nation's 250th anniversary) is proposed as the target launch date for the inaugural auction of treasury trust bonds
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The memorial calls on Idaho's congressional delegation to cosponsor and advocate for enabling legislation before the end of the 119th Congress
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Copies of the memorial are directed to be sent to the President, Vice President, Speaker of the House, Secretary of the Treasury, relevant committee chairs, and Idaho's congressional delegation
Legislative Description
States findings of the Legislature, provides support for treasury trust bonds, and urges Congress to enact enabling legislation authorizing the Secretary of the Treasury to issue treasury trust bonds.
TREASURY TRUST BONDS
Last Action
Read First Time, Referred to State Affairs
3/6/2026