OKLAHOMA STATE LEGISLATURE
Are you feeling the impact of inflation?
OKLAHOMA HAS THE ANSWER
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Current Legislative Action
Bill Sponsors
Senator David Bullard (SB33, HB1197, HB1199)
Representative Cody Maynard (SB33, HB1197, HB1199)
Senator Dusty Deevers (SB581, SB2058)
Senator Shane Jett (SB284)
The Latest News...
Many bills on gold in play this session!
2026 Session - All the gold bills are still in play from last session as well as the introduction of SB2058 which is the model Transactional Gold and Silver legislation.
2025 Session -
HB1197 Authorizes the State Treasurer to create, operate, or contract for the operation of a depository and issue transaction cards stipulating certain deposits and transactions be considered the exchange of legal tender; it also authorizes account holders issued a transaction card to make transactions debited against the value of deposits. Cody Maynard has been a fantastic advocate for this bill. Senator David Bullard has effectively guided these bills in the Senate.
HB1199, as introduced, establishes a definition for specie. Specie is considered legal tender when it is issued by the U.S. government or deemed by an Oklahoma court to be legal tender. It can be recognized to pay debts; however, no person can be compelled accept specie as legal tender unless agreed to through a contract. The measure provides that species cannot be considered personal property for taxation or regulatory purposes and no person should be subject to tax when exchanging, selling or purchasing specie.
Both bills passed in the House 77-15 and 73-15. They were originally assigned to the Senate Budget and Finance Committee, but were switched to the Retirement and Government Resources Committee where they passed out of committee.
UPDATE: 04/17/2025 Moved to the full Senate floor for a vote.
The floor leader needs to bring it to the floor for a vote.
Recent News and Updates
Oklahoma House Unanimously Passes Constitutional Currency ...
Oklahoma Senate Bill 284: Expanding Gold and Silver as Legal ...
Oklahoma Declares Gold and Silver Legal Tender
Key Resources
Pirate Money Book
The book is about money, the wealth gap, the Great Reset, Central Bank Digital Currency, and Chinese efforts to displace the American dollar. More importantly, though, it is about implementing a solution to provide Economic Justice for real people facing the severe challenges headed straight toward us all.
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Oklahoma Transactional Gold and Silver Flyer
Get the word out with our Oklahoma customized flyer.
Download
Pirate Money Treasure Map
This Treasure Map is an incredible tool for explaining the history of our monetary problem, and the Transactional Gold and Silver solution!
DownloadNew to Transactional Gold and Silver? Start here.
The eight questions people ask first, answered in plain language. Each answer links to the full article in the TGS Answer Library.
“Just Another Way to Pay.”
What is Transactional Gold and Silver?
Transactional Gold and Silver (TGS) lets ordinary Americans own real, physical gold and silver and spend it like money. The metal is held in a secure vault within the United States, in your name, and a debit card or app lets you pay for everyday purchases while merchants receive ordinary U.S. dollars. TGS is state legislation that sets the rules; private companies provide the service. It is voluntary, and it is “Just Another Way to Pay.”
Read the full answer → transactionalgold.com/transactional-gold-faqs/what-is-transactional-gold-and-silver
Why do we need Transactional Gold and Silver?
Because the dollar keeps buying less, and ordinary Americans have had no practical way to use gold and silver as everyday money. The U.S. dollar has lost approximately 90% of its purchasing power since 1971, while gold has held its value over time. Transactional Gold and Silver (TGS) is the law that connects the two through a debit card, making that protection official, safeguarded, and available to anyone, not just the wealthy.
Read the full answer → transactionalgold.com/transactional-gold-faqs/why-do-we-need-transactional-gold-and-silver
How does it actually work? How do I spend gold?
You put dollars into a Transactional Gold and Silver (TGS) account, and the provider buys gold or silver for you, measured by weight, so you can start with a small amount. When you pay at the grocery store, the system calculates the exact fraction of gold or silver needed and converts it, and the merchant receives ordinary U.S. dollars. Nothing changes at the register, transactions are seamless and happen at the speed of society today. If you spend your gold, your gold balance simply goes down by the amount you spent.
Read the full answer → transactionalgold.com/transactional-gold-faqs/how-does-a-gold-and-silver-debit-card-work
Who benefits from Transactional Gold and Silver?
Consumers and businesses benefit by having another easy to use payment system. Now gold and silver have easy liquidity and transactional capabilities. Transactional Gold and Silver (TGS) gives ordinary Americans another way to own and use gold and silver, starting with amounts as little as $5. Now, it’s easy to start saving gold and silver or spend it when needed.
Read the full answer → transactionalgold.com/transactional-gold-faqs/who-benefits-from-transactional-gold-and-silver
Is Transactional Gold and Silver legal?
Yes. Article I, Section 10 of the U.S. Constitution says no state may make anything but gold and silver coin a tender in payment of debts, and states can recognize gold and silver as legal tender under their own law. Transactional Gold and Silver (TGS) legislation builds on that foundation. The state sets the legal framework and safeguards, and authorized private providers deliver the service. (Note: The state does not buy the gold or silver, they do not become a bank or have to operate a vault.)
Read the full answer → transactionalgold.com/transactional-gold-faqs/is-transactional-gold-and-silver-legal
Is Transactional Gold and Silver a cryptocurrency?
No to both. Transactional Gold and Silver (TGS) is backed by real, physical gold and silver held in a vault in the United States, not by a digital token on a blockchain. It is not a central bank digital currency either: no central bank issues it, the government does not run the accounts, and nobody is required to use it. The card or app is simply modern payment technology for spending gold and silver you own.
Read the full answer → transactionalgold.com/transactional-gold-faqs/is-transactional-gold-and-silver-cryptocurrency
Does Transactional Gold and Silver replace the U.S. dollar?
No. Transactional Gold and Silver (TGS) adds an option rather than taking one away. You can keep your bank account, cash, and cards, and merchants who accept a TGS payment still receive U.S. dollars. Participation is entirely voluntary for consumers, businesses, merchants, and financial institutions.
Read the full answer → transactionalgold.com/transactional-gold-faqs/is-transactional-gold-and-silver-trying-to-replace-the-dollar
Which states have passed Transactional Gold and Silver laws?
Six states (Texas, Florida, Arkansas, Louisiana, Utah, and Missouri) have enacted Transactional Gold and Silver (TGS) laws, and more states are considering TGS bills.
Read the full answer → New answer, no article yet. Link to be added.
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