A bill for an act relating to the use of specie as legal tender.

Summary

The bill declares refined gold and silver bullion (specie) legal tender in Iowa, but no one can be forced to accept it. It tasks the state treasurer with approving secure bullion vaults and electronic payment platforms, requiring insurance and privacy protections. The measure also exempts bullion transactions from state taxes and bars the use of gold or silver for surveillance or social‑credit scoring.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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