---
title: Arizona's Bullion Depository Bill
description: Arizona's Senate Bill 1633 aimed to create a Bullion Depository and introduce gold and silver-backed currency but failed in the House.
---

[Transactional Gold State News ](https://transactionalgold.com/transactional-gold)

# [Arizona's Bullion Depository Bill](https://transactionalgold.com/transactional-gold/arizonas-bullion-depository-bill)

 Written by [Transactional Gold Team](https://transactionalgold.com/transactional-gold/author/transactional-gold-team) | Mar 4, 2024 5:45:00 PM

In February 2024, the Arizona Senate passed Senate Bill 1633, aiming to establish the Arizona Bullion Depository and introduce a gold and silver-backed transactional currency recognized as legal tender within the state. The proposed depository would securely store precious metals for both the state and private entities, facilitating transactions using state-minted gold and silver coins or a specie-backed digital currency. This initiative seeks to provide Arizonans with an alternative to fiat currency, promoting financial security and sound money practices. The legislation draws inspiration from a similar law enacted in Texas in 2015, which led to the creation of a state bullion depository. By enabling everyday use of gold and silver in transactions, Arizona aims to challenge the Federal Reserve's monetary monopoly and enhance economic resilience.

[Read SB 1633](https://www.azleg.gov/legtext/56leg/2r/bills/sb1633p.htm) 

 

**Update: **SB1633 died in Committee in the House after passing in the Senate.

[View full post](https://transactionalgold.com/transactional-gold/arizonas-bullion-depository-bill)

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