HB695 updates state law to recognize as legal tender any gold or silver coin, specie, or bullion recognized by the U.S. government, as well as gold-backed debit instruments that can convert gold stored in a depository into regular (fiat) currency.
The Louisiana State Senate passed HB695 on June 9, 2025 by a vote of 39 to 0. We have assigned pluses to the ayes because this bill is an important step toward restoring sound, constitutional money and reestablishing the role of gold and silver as legal tender, in accordance with Article I, Section 10 of the U.S. Constitution.
