HB 1043 Mississippi House · 2025 Regular Session

Mississippi Bullion Depository; establish and authorize fractional reserve currency.

HB 1043 would have established a Mississippi state depository to store physical gold and silver bullion for individuals, businesses, and state entities. It defined "legal tender" as currency fully backed by gold or silver value and set rules for deposits (measured in troy ounces), withdrawals, and account transfers without interest payments. The depository would have been managed by the state treasurer, requiring private agents to handle retail transactions and mandating transparent pricing and reporting. The bill died in committee on February 4, 2025, and was never enacted.
Bill status died 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 17, 2025 Last action Feb 4, 2025
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 17, 2025
Committee
Referred To Banking and Financial Services
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Bubba Carpenter
Bubba Carpenter
RRepublican
MS
1