A bill to establish and provide for the issuance of gold and silver specie and digital currency based on gold and silver; to create the office of the Michigan bullion depository in the department of treasury and prescribe its powers and duties; to provide for the powers and duties of certain state and local governmental officers and entities; to impose certain fees; to authorize the issuance of bonds, notes, and other evidences of indebtedness; to provide remedies; and to require the promulgation of rules.
The legislation establishes a system for issuing gold and silver-based currency and digital currency, creates the Michigan Bullion Depository to manage these currencies, and outlines the financial and operational framework, including the creation of a dedicated fund and security measures.
Co-sponsored by Reps.
Referred to the Committee on Communications and Technology
Discharged from committee
Referred to the Committee on Government Operations
Discharged from committee
Referred to the Committee on Communications and Technology
