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SC H5115
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Lee Gilreath
Click for details
AI Summary
- Gold and silver specie marked with weight and purity information are designated as legal tender in South Carolina, pursuant to Article 1, Section 10 of the U.S. Constitution
- Qualifying specie must display only weight, purity, and optional refiner/mint identification—markings suggesting government issuance are prohibited
- No person can be compelled to offer or accept gold and silver specie or currency for payment of debts or deposits
- The State Comptroller General is authorized to establish electronic payment systems backed by gold and silver bullion held in a depository
- The Comptroller General must adopt rules for transaction security, valuation methods, fees, vendor approval, and fraud prevention, including blocking transactions involving foreign adversaries under federal regulations
Legislative Description
Legal tender, gold and silver
Last Action
Member(s) request name removed as sponsor: Harris
2/24/2026
Committee Referrals
Ways and Means2/5/2026
Full Bill Text
No bill text available