SF 2195·IA·senate
A bill for an act relating to the use of specie as legal tender.
In CommitteeFiled Feb 4, 2026
Sponsor: ALONS
Latest Action
Subcommittee: Rozenboom, Blake, and Schultz.
Feb 9, 2026
Summary
The bill declares refined gold and silver coins (specie) legal tender in Iowa, while stating that no one can be forced to accept them. It tasks the state treasurer with approving secure bullion vaults and electronic payment platforms, requiring insurance and privacy protections. Annual reports on these systems and their economic impact must be submitted to the legislature.
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