HB 1054 Texas House · 89th Legislature (2025)

Relating to a study by the attorney general on the feasibility of linking debit card transactions to bullion in the Texas Bullion Depository.

HB 1054 requires the Texas Attorney General to study whether a future program could link debit card transactions to bullion (precious metals) stored in the Texas Bullion Depository. The study must examine potential state/local tax implications for such transactions, strategies to protect participants from federal taxation of bullion as currency, and other legal considerations. It mandates public input and collaboration with legislative committees, with a report due by May 31, 2026. The bill itself does not create the program but sets a framework for evaluating its feasibility, and expires June 1, 2026.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 7, 2025 Last action Mar 7, 2025
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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Mar 7, 2025
Committee
Referred to Pensions, Investments & Financial Services
lower
Mar 7, 2025
Introduced
Read first time
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Mark Dorazio
Mark Dorazio
RRepublican
TX
122