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Broad debate, close vote: proposal to let state invest general‑fund dollars in precious metals and digital assets fails
2378159 · February 22, 2025
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Summary
House Bill 429 would have authorized a new state special revenue account for investments in precious metals and digital assets and proposed a $50 million transfer; after extensive floor debate about fiscal risk, transparency and the source of funds the bill failed second reading 41–59.
Representative Schommer sponsored House Bill 429 to authorize investment in precious metals and digital assets and to create a state special revenue account seeded by a legislative transfer (the bill’s fiscal note showed a proposed $50 million transfer). Proponents argued diversifying…
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