HB1197 would enable Oklahoma residents to use a transaction card to make purchases with gold and silver from a state-approved bullion depository.

The House passed HB1197 on March 24, 2025, by a vote of 77 to 15. We have assigned pluses to the yeas because this bill brings Oklahoma closer to restoring sound money and adhering to the U.S. Constitution’s monetary provisions. Article I, Section 10 of the Constitution says that “No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts.” States can and need to act now to protect Americans’ financial freedom and privacy by both ending the Federal Reserve’s unconstitutional monopoly on money and thwarting government plans to impose a Central Bank Digital Currency.