WyomingSF 962025 General SessionSenate

AN ACT relating to the Wyoming Legal Tender Act; requiring the state treasurer to hold and invest specie and specie legal tender; authorizing the state treasurer to hire consultants; requiring a study and report; and providing for effective dates.

Sponsored By: Bob Ide (Republican)

Became Law

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Bill Overview

Analyzed Economic Effects

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

Wyoming must hold precious metal investments

Beginning January 1, 2026, Wyoming's treasurer must hold at least $10 million in gold and silver assets in the Permanent Wyoming Mineral Trust Fund. The treasurer may invest in precious metal leases or bonds payable in precious metals when market conditions warrant. The treasurer may also hire established precious metals firms or industry experts. Contractors must provide financial disclosures and meet any other requirements the treasurer sets before signing a contract. These changes affect state investments, not direct household payments. The law also requires the Department of Revenue to study how the state can accept gold and silver payments. Results and any legislative recommendations are due October 1, 2025, to the Joint Revenue Interim Committee and Select Committee on Capital Financing and Investments.

Sponsors & Cosponsors

Sponsor

  • Bob Ide

    Republican • Senate

Cosponsors

  • Bill Allemand

    Republican • House

  • Scott Heiner

    Republican • House

  • Jayme Lien

    Republican • House

  • Tony Locke

    Republican • House

  • Scott Smith

    Republican • House

  • Tim French

    Republican • Senate

  • Lynn Hutchings

    Republican • Senate

  • Dan Laursen

    Republican • Senate

  • Tim Salazar

    Republican • Senate

  • Senator Smith, D

    Affiliation unavailable

  • Cheri Steinmetz

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 114 • No: 80

House vote • 2/19/2025

H 3rd Reading:Passed 44-17-1-0-0

Yes: 44 • No: 17

Senate vote • 2/19/2025

S Concur:Passed 23-8-0-0-0

Yes: 23 • No: 8

House vote • 2/18/2025

Amendment failed 14-46-2-0-0

Yes: 14 • No: 46

House vote • 2/13/2025

H02 - Appropriations:Recommend Amend and Do Pass 5-1-1-0-0

Yes: 5 • No: 1

Senate vote • 1/31/2025

S 3rd Reading:Passed 25-6-0-0-0

Yes: 25 • No: 6

Senate vote • 1/24/2025

S03 - Revenue:Recommend Amend and Do Pass 3-2-0-0-0

Yes: 3 • No: 2

Actions Timeline

  1. Assigned Chapter Number 42

    2/24/2025
  2. Became Law without Signature

    2/24/2025
  3. H Speaker Signed SEA No. 0013

    2/20/2025House
  4. S President Signed SEA No. 0013

    2/19/2025Senate
  5. Assigned Number SEA No. 0013

    2/19/2025
  6. S Concur:Passed 23-8-0-0-0

    2/19/2025Senate
  7. S Received for Concurrence

    2/19/2025Senate
  8. H 3rd Reading:Passed 44-17-1-0-0

    2/19/2025House
  9. H 2nd Reading:Passed

    2/18/2025House
  10. H COW:Passed

    2/14/2025House
  11. H Placed on General File

    2/13/2025House
  12. H02 - Appropriations:Recommend Amend and Do Pass 5-1-1-0-0

    2/13/2025House
  13. H Introduced and Referred to H02 - Appropriations

    2/10/2025House
  14. H Received for Introduction

    1/31/2025House
  15. S 3rd Reading:Passed 25-6-0-0-0

    1/31/2025Senate
  16. S 2nd Reading:Passed

    1/30/2025Senate
  17. S COW:Passed

    1/29/2025Senate
  18. S Placed on General File

    1/24/2025Senate
  19. S03 - Revenue:Recommend Amend and Do Pass 3-2-0-0-0

    1/24/2025Senate
  20. S Introduced and Referred to S03 - Revenue

    1/16/2025Senate
  21. S Received for Introduction

    1/10/2025Senate
  22. Bill Number Assigned

    1/7/2025

Bill Text

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