2025 House Bill 4086

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.

AI Analysis – Experimental

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.

Introduced in the House

Feb. 13, 2025

Introduced by Rep. Alabas Farhat (D-3) and two co-sponsors

Co-sponsored by Reps. Ron Robinson (R-58) and Bryan Posthumus (R-90)

Referred to the Committee on Communications and Technology