All Roll Calls
Yes: 119 • No: 24
UtahH.B. 1952026 General SessionHouseWALLET
Precious Metals Amendments
Sponsored By: Ken Ivory (Republican)
Became Law
Public Funds and AccountsElectronic DatabasesElectronic TransactionsElectronic InformationPublic BudgetingBusinessFinancial InstitutionsSecuritiesEnergyNatural ResourcesMiningLegislative OperationsLegislative Committees and Task ForcesLegislative OrganizationGovernment Operations (State Issues)AppropriationsConstitutional OfficersState Treasurer
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
New gold backed payment option in Utah
Beginning May 6, 2026, the State Treasurer hires vendors to run an electronic payment system. It is backed by physical gold or silver stored in Utah vaults. The system lets participants redeem physical metal and allows the state to make payments. Vendors are chosen through an RFP that weighs security, efficiency, and cost, and the contract requires a public, law‑compliant system. No contractor or state agency must use it, and the state may keep other payment methods. When you get a payment or redeem metal through the system, you must pay any transaction or redemption fees. The Treasurer consults the State Tax Commission, studies paying state employees through the system, and files a yearly report.
Utah may invest reserves in gold
Beginning May 6, 2026, the State Treasurer may put part of four named reserve accounts into physical gold or silver. Any single purchase cannot be more than 10% of that account’s money at the time of purchase. Money not in metals stays invested under the State Money Management Act. Delivery, vaulting, and other admin costs are taken from the metals earnings before the funds are credited.
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Sponsors & Cosponsors
Sponsor
Ken Ivory
Republican • House
Cosponsors
Cheryl K. Acton
Republican • House
Carl R. Albrecht
Republican • House
Tiara Auxier
Republican • House
Stewart E. Barlow
Republican • House
Jefferson S. Burton
Republican • House
Kay J. Christofferson
Republican • House
Clancy, T.
Affiliation unavailable
Jennifer Dailey-Provost
Democratic • House
Joseph Elison
Republican • House
Keith Grover
Republican • Senate
Gwynn, M.
Affiliation unavailable
Colin W. Jack
Republican • House
Jason B. Kyle
Republican • House
Trevor Lee
Republican • House
Matt MacPherson
Republican • House
Michael J. Petersen
Republican • House
Jake Sawyer
Republican • House
Troy Shelley
Republican • House
Rex P. Shipp
Republican • House
Casey Snider
Republican • House
Jason E. Thompson
Republican • House
Doug Welton
Republican • House
Stephen L. Whyte
Republican • House
Ryan D. Wilcox
Republican • House
Roll Call Votes
Senate vote • 3/5/2026
Senate/ failed
Yes: 14 • No: 7
Senate vote • 3/5/2026
Senate/ motion to reconsider
Yes: 0 • No: 0
Senate vote • 3/5/2026
Senate/ passed 2nd & 3rd readings/ suspension
Yes: 22 • No: 6
House vote • 3/2/2026
Senate Comm - Favorable Recommendation
Yes: 4 • No: 2
House vote • 2/17/2026
Senate Comm - Motion to Recommend Failed
Yes: 3 • No: 3
House vote • 2/10/2026
House/ passed 3rd reading
Yes: 65 • No: 6
House vote • 2/10/2026
House/ floor amendment
Yes: 0 • No: 0
House vote • 1/29/2026
House Comm - Favorable Recommendation
Yes: 11 • No: 0
Actions Timeline
Became Law w/o Governor Signature
3/26/2026House/ to Governor
3/12/2026HouseHouse/ received enrolled bill from Printing
3/12/2026HouseHouse/ enrolled bill to Printing
3/11/2026HouseEnrolled Bill Returned to House or Senate
3/11/2026Draft of Enrolled Bill Prepared
3/6/2026Bill Received from House for Enrolling
3/6/2026House/ signed by Speaker/ sent for enrolling
3/5/2026HouseHouse/ received from Senate
3/5/2026HouseSenate/ to House
3/5/2026SenateSenate/ signed by President/ returned to House
3/5/2026SenateSenate/ passed 2nd & 3rd readings/ suspension
3/5/2026SenateSenate/ motion to reconsider
3/5/2026SenateSenate/ failed
3/5/2026SenateSenate/ 2nd & 3rd readings/ suspension
3/5/2026SenateSenate/ Rules to 2nd Reading Calendar
3/5/2026SenateSenate/ 2nd Reading Calendar to Rules
3/4/2026SenateSenate/ placed on 2nd Reading Calendar
3/2/2026SenateSenate/ committee report favorable
3/2/2026SenateSenate Comm - Favorable Recommendation
3/2/2026Senate Comm - Motion to Recommend Failed
2/17/2026Senate/ to standing committee
2/17/2026SenateSenate/ 1st reading (Introduced)
2/12/2026SenateSenate/ received from House
2/10/2026SenateHouse/ to Senate
2/10/2026House
Bill Text
Enrolled
3/11/2026
Amended 2/10/2026 14:02:964
2/10/2026
Substitute #1
1/23/2026
Introduced
1/8/2026
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