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
Floor votes
How they voted
No floor votes recorded yet.
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
Bubba Carpenter
RRepublican
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