TREASURY TRUST BONDS – States findings of the Legislature, provides support for treasury trust bonds, and urges Congress to enact enabling legislation authorizing the Secretary of the Treasury to issue treasury trust bonds.

SJM 113 is a joint memorial from the Idaho legislature urging Congress to pass enabling legislation for the U.S. Treasury to issue bonds backed by a portion of the nation's gold reserves. The memorial specifically requests that Congress enact this legislation by the end of the 119th Congress to allow an inaugural bond auction on July 4, 2026, with bonds redeemable in U.S. dollars or gold. It does not create new laws or directly affect citizens but serves as a formal request to federal officials and Idaho's congressional delegation. The memorial cites federal law permitting gold clauses in bonds and Idaho's existing sound-money statutes as context for its proposal.