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LouisianaHB 7972026 Regular SessionHouseWALLET

BANKS/BANKING: Creates the Bayou Gold Program (EN INCREASE SG EX See Note)

Sponsored By: Raymond J. Crews (Republican)

Signed by Governor

Commerce, Consumer Protection and International AffairsCommerce

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

New safeguards for gold and silver accounts

The law creates voluntary Bayou Gold certification for private gold- and silver-backed payment platforms, with a public registry and certification mark. Customer metals must be fully backed one-to-one, remain customer property, and stay outside platform assets and creditor claims. Platforms cannot lend or pledge these metals. Approved bullion and refineries must meet recognized industry standards, with documented custody history; vaults must be in Louisiana or a bordering state. Platforms must submit independent audits and insurance evidence, disclose fees and spreads, and support real-time or near-real-time payments. Physical redemption is required within five business days after notice, subject to reasonable shipping and security procedures. Treasury decides complete applications within 60 calendar days; certification lasts two years and can be renewed before expiration. Treasury reviews compliance and can revoke certification; false certification claims face penalties, including fines or public registry removal, with no fine amount specified. Certification provides no state deposit guarantee or state liability for platform actions, and Treasury cannot operate or own a vault or payment processor. The program takes effect only when a state law specifically funding its implementation takes effect.

Certification fees for metal payment platforms

Louisiana Treasury can charge payment platforms application and renewal fees for Bayou Gold certification. Fees must be reasonable and cover only program administration costs. The law sets no fee amount. This authority takes effect only when a state law specifically funding the program's implementation takes effect.

Sponsors & Cosponsors

Sponsor

  • Raymond J. Crews

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 254 • No: 2

House vote • 5/29/2026

Read by title, roll called, yeas 97, nays 0, Senate amendments concurred in.

Yes: 97 • No: 0

Senate vote • 5/28/2026

The amended bill was read by title, passed by a vote of 26 yeas and 2 nays, and ordered returned to the House. Motion to reconsider tabled.

Yes: 26 • No: 2

House vote • 4/27/2026

Read third time by title, amended, roll called on final passage, yeas 101, nays 0. Finally passed, title adopted, ordered to the Senate.

Yes: 101 • No: 0

House vote • 4/21/2026

Reported with amendments

Yes: 16 • No: 0

House vote • 3/17/2026

Reported with amendments

Yes: 14 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 841.

    6/8/2026House

  2. Effective date: 06/08/2026.

    6/8/2026House

  3. Signed by the President of the Senate.

    6/1/2026Senate

  4. Sent to the Governor for executive approval.

    6/1/2026House

  5. Enrolled and signed by the Speaker of the House.

    5/31/2026House

  6. Scheduled for concurrence on 05/29/2026.

    5/29/2026House

  7. Read by title, roll called, yeas 97, nays 0, Senate amendments concurred in.

    5/29/2026House

  8. The amended bill was read by title, passed by a vote of 26 yeas and 2 nays, and ordered returned to the House. Motion to reconsider tabled.

    5/28/2026Senate

  9. Received from the Senate with amendments.

    5/28/2026House

  10. Rules suspended. Reported with amendments. Rules suspended. Committee amendments read and adopted. Read by title and referred to the Legislative Bureau.

    5/27/2026Senate

  11. Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.

    5/27/2026Senate

  12. Read by title. Recommitted to the Committee on Finance.

    5/21/2026Senate

  13. Reported favorably.

    5/20/2026Senate

  14. Read second time by title and referred to the Committee on Commerce, Consumer Protection and International Affairs.

    4/29/2026Senate

  15. Received in the Senate. Read first time by title and placed on the Calendar for a second reading.

    4/28/2026Senate

  16. Read third time by title, amended, roll called on final passage, yeas 101, nays 0. Finally passed, title adopted, ordered to the Senate.

    4/27/2026House

  17. Scheduled for floor debate on 04/27/2026.

    4/23/2026House

  18. Read by title, amended, ordered reengrossed, passed to 3rd reading.

    4/22/2026House

  19. Reported with amendments (16-0).

    4/21/2026House

  20. Read by title, amended, ordered engrossed, recommitted to the Committee on Appropriations.

    3/18/2026House

  21. Reported with amendments (14-0).

    3/17/2026House

  22. Read by title, under the rules, referred to the Committee on Commerce.

    3/9/2026House

  23. Prefiled.

    2/27/2026House

  24. Under the rules, provisionally referred to the Committee on Commerce.

    2/27/2026House

  25. First appeared in the Interim Calendar on 2/27/2026.

    2/27/2026House

Bill Text

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