TX HB1054

Requires the Attorney General to conduct a feasibility study on creating a program that allows debit card transactions to be linked to and backed by bullion stored in the Texas Bullion Depository

Study must examine whether state and local taxes would apply to such transactions, how Texas could protect participants from federal taxation of bullion as currency, and other legal considerations

Attorney General must solicit public input and may collaborate with appropriate House and Senate standing committees during the study

Written report with legislative recommendations must be submitted to the Governor, Comptroller, and Speaker of the House by May 31, 2026

Act takes effect immediately with two-thirds vote or September 1, 2025 otherwise, and expires June 1, 2026