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91st General Assembly · Funnel one-pager · Monday, November 9, 2026

SF 2195: Relating to the use of specie as legal tender

Died when the session ended · The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died.

What it does

This bill provides that specie, defined in the bill, is legal tender in this state and that a person is not required to accept specie as payment. The bill requires the treasurer of state (treasurer) to establish or contract with one or more bullion depositories for the secure storage of bullion, authorize one or more electronic payment systems to facilitate transactions, and adopt rules to implement the bill. Each bullion depository approved by the treasurer must have a contractual relationship with each electronic payment system that is authorized by the treasurer and must insure each deposit under an insurance policy for the full replacement of the deposit.

Sponsors

Sen. Kevin Alons (R)

Cost

No fiscal note

Senate subcommittee · named February 9, 2026

  • Sen. Ken Rozenboom (R) · ken.rozenboom@legis.iowa.gov
  • Sen. Matt Blake (D) · matt.blake@legis.iowa.gov
  • Sen. Jason Schultz (R) · jason.schultz@legis.iowa.gov

Lobbying · 1 for, 1 against

For: State Shield Action

Against: Sound Money Defense League

In plain words

  1. February 4, 2026Filed in the Senate and sent to the State Government committee
  2. February 9, 2026Senate subcommittee named: Rozenboom, Blake and Schultz

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/91/SF2195