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LA HB603

Bill

Official Source

Status

Introduced

2/26/2026

Primary Sponsor

Mark Wright

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Proposes amending Article VII, Section 14(B) of the Louisiana Constitution to add digital assets and precious metals to the list of authorized uses of public funds
  • Current constitution prohibits the state and political subdivisions from loaning, donating, or pledging state funds, credit, or property, and bars purchasing corporate stock
  • Would allow state investment in digital assets (such as cryptocurrencies) and precious metals (such as gold and silver) without specifying percentage limits or other restrictions
  • Requires two-thirds approval from both legislative chambers to place on the ballot
  • Scheduled for voter approval or rejection at the statewide election on November 3, 2026

Legislative Description

(Constitutional Amendment) Authorizes the investment of state funds in digital assets and precious metals

FUNDS/FUNDING

Last Action

Read by title, under the rules, referred to the Committee on Appropriations.

3/9/2026

Committee Referrals

Appropriations2/26/2026

Full Bill Text

No bill text available