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WV SB413
Bill
Status
Introduced
1/15/2026
Primary Sponsor
Patricia Rucker
Click for details
AI Summary
- Recognizes gold and silver specie as legal tender in West Virginia for payment of debts between private parties (if mutually agreed) and for taxes, fees, and other state obligations
- Requires the State Treasurer's Office to designate or establish bullion depositories and authorize electronic payment systems for gold and silver transactions by July 1, 2027
- Mandates that bullion deposits be 100% insured, remain sole property of account holders, and cannot be appropriated by any state without due process
- Exempts all purchases, sales, and exchanges of gold and silver specie from state tax liability
- Prohibits the use of transactional gold and silver or central bank digital currency as mechanisms for surveillance, social credit scoring, or behavioral control
Legislative Description
Creating Transactional Gold and Silver Act
Finance and Administration
Last Action
To Finance
2/5/2026
Committee Referrals
Finance2/5/2026
Banking and Insurance1/15/2026
Full Bill Text
No bill text available