Transactional Gold

Idaho House Bill 177 Receives Freedom Index Rating

Written by Transactional Gold Team | Feb 19, 2025 6:45:00 PM

House Bill 177, introduced in the Idaho House, seeks to designate gold and silver bullion and coins as legal tender within the state, aligning with Article I, Section 10 of the U.S. Constitution, which permits states to recognize gold and silver as payment for debts. The bill aims to reduce market barriers by allowing individuals and businesses to transact using these precious metals, offering an alternative to the U.S. dollar. Importantly, the legislation does not mandate acceptance of gold or silver; parties can mutually agree to use them, but no entity can be compelled to do so.

 The IDAHO FREEDOM FOUNDATION rated the bill as a +2 on the Idaho Freedom Index.