On Jun. 11, 2025, LOU LEG reported bill approval by governor, became Act No. 304.
Document dated Jun. 11, 2025, received from LOU LEG Jun. 18, summarized Jun. 20.
On Jun. 9, LOU LEG passed bill on gold and silver as legal tender.
LOU LEG passed bill HB695 re gold, silver legal tender; amends LOU LEG XIV-6:341(A)
Bill Provisions
The bill provides any gold or silver coin, specie, or bullion recognized by the US government as legal tender shall be recognized as legal tender in State of Louisiana.
Includes gold-backed debit instrument that can convert gold to fiat currency.
Legislative History
On May 20, 2025, bill introduced in House; on May 22, 2025, bill was passed in House.
On May 27, 2025, bill introduced to Senate; on Jun. 9, 2025, bill passed in Senate.
Effectiveness
If approved, bill becomes effective on Aug. 1, 2025.
Jun. 2025 LOU LEG Governor Approval
On Jun. 11, 2025, LOU LEG reported bill approval by governor, became Act No. 304.
Document dated Jun. 11, 2025, received from LOU LEG Jun. 18, summarized Jun. 20.
Regulators
LOU LEG
Entity Types
Bank; CNSM
Reference
Act 304, Bill HB 695, 6/11/2025; Bill, HB 695, 6/9/2025; Citation: LOU LEG XIV-6:341;
