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Glossary of Legislative Terms

SB 1588: Legal Tender

GENERAL BILL by Gruters

Legal Tender; Revising the definitions of the terms “gold coin” and “silver coin”; revising requirements for gold coin and silver coin recognized as legal tender; deleting a provision regarding examination of certain applicants; revising prohibitions relating to money services businesses; revising license application requirements for certain applicants, etc.

Effective Date: Upon becoming a law
 Last Action: 2/11/2026 Senate - Now in Appropriations Committee on Agriculture, Environment, and General Government
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Committee on Agriculture, Environment, and General Government (AEG)
  3. Rules (RC)


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Bill History

Date Chamber Action
1/9/2026 Senate • Filed
1/16/2026 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Rules
1/22/2026 Senate • Introduced
2/6/2026 Senate • On Committee agenda-- Banking and Insurance, 02/11/26, 9:00 am, 412 Knott Building
2/11/2026 Senate • Favorable by Banking and Insurance; YEAS 9 NAYS 0
• Now in Appropriations Committee on Agriculture, Environment, and General Government