In early 2025, Ohio lawmakers introduced House Bill 206, authored by Representatives Jennifer Gross and Riordan McClain. This ambitious proposal seeks to establish a transactional currency backed by gold and silver, held in a state-approved bullion depository supervised by the Treasurer of State. The bill aims to allow Ohioans to transact using precious metals rather than fiat money.
Legislative Status: As of April 2, 2025, HB 206 has been introduced and referred to the House Financial Institutions Committee.