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H 177

LEGAL TENDER – Adds to existing law to provide that gold and silver coin and specie shall be legal tender and to provide that no person or entity may compel another person or entity to tender or accept gold or silver coin or specie.

68th Legislature, 1st Regular Session (2025)

Idaho's House Bill H 177 designates gold and silver coins as legal tender, allowing voluntary transactions while ensuring no one can be forced to accept them.

Reported Signed by Governor on March 19, 2025 Session Law Chapter 107 Effective: 07/01/2025
#acts #constitution #government #metals #money
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WeVote Research Nonpartisan
Bill Summary · H 177

Summary of House Bill H 177: Idaho Constitutional Money Act of 2025

Purpose and Intent

House Bill H 177, titled the Idaho Constitutional Money Act of 2025, aims to establish gold and silver coin and specie as legal tender in the State of Idaho. The bill emphasizes the right of individuals and entities to conduct transactions using these forms of currency without compulsion from any other party. It is grounded in the authority granted to states by the U.S. Constitution.

Key Provisions

The bill introduces several important provisions:

  1. Legal Tender Designation:

    • Gold and silver coins and specie are officially recognized as legal tender for the payment of debts in Idaho.
    • This designation allows individuals and entities to use these forms of currency in transactions.

  2. Voluntary Acceptance:

    • No person or entity can compel another to accept gold or silver coins or specie unless both parties agree to such terms.
    • This provision ensures that the use of gold and silver as currency remains a voluntary choice.

  3. Definitions:

    • The bill provides clear definitions for key terms, including:
      • Debt: Any obligation requiring payment in a medium of exchange.
      • Entity: Includes the state of Idaho and various organizations operating within the state.
      • Specie: Refers to stamped or imprinted coins and refined bullion valued by metal content.

  4. Severability Clause:

    • If any provision of the act is found invalid, the remaining provisions will still be enforceable.

  5. Emergency Declaration:

    • The bill declares an emergency, making it effective on July 1, 2025.

Impact

  • Who is Affected:

    • The legislation affects all residents and businesses in Idaho, allowing them to engage in transactions using gold and silver coins and specie.
    • It also impacts state operations, as the state may choose to use these forms of currency in its financial dealings.

  • Fiscal Impact:

    • According to the fiscal note, the bill does not result in any increase or decrease in revenue or additional expenditures for state or local governments.

Legislative Timeline

  • Introduced: February 7, 2025
  • Passed by House: February 25, 2025 (66-3-1 vote)
  • Passed by Senate: March 13, 2025
  • Signed by Governor: March 19, 2025
  • Effective Date: July 1, 2025

Conclusion

House Bill H 177 represents a significant shift in the legal framework governing currency in Idaho, allowing for the use of gold and silver as legal tender while ensuring that acceptance remains voluntary. This legislation reflects a growing interest in alternative forms of currency and the rights of individuals to choose their means of transaction.

Compiled from official sources — confirm details with the bill’s official record.

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