Utah 2026 General Session Status: Enacted 2 R cosponsors

HB 195 — Precious Metals Amendments

Last action — Became Law w/o Governor Signature

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 08, 2026. Enacted.

Signed by Governor Spencer Cox (Republican) on March 26, 2026.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 54% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 R).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

100 added · 92 removed

Plain-language change summary

The recent changes to HB 195 clarify that participants in the precious metals-backed electronic payment system will be responsible for any transactional costs incurred when dealing with physical gold or silver. Additionally, it specifies that no contractor or state entity is mandated to participate in this payment system, ensuring flexibility in payment options for the state. These amendments matter because they protect contractors from mandatory participation and ensure the state can explore various payment methods, potentially leading to more efficient financial operations.

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HB0195S01 compared with HB0195 {Omitted text} shows text that was in HB0195 but was omitted in HB0195S01 inserted text shows text that was not in HB0195 but was inserted into HB0195S01 DISCLAIMER:
Enrolled Copy H.B.
This document is provided to assist you in your comparison of the two bills.
195 Precious Metals Amendments GENERAL SESSION STATE OF UTAH Chief Sponsor:
Sometimes this automated comparison will NOT be completely accurate.
Therefore, you need to read the actual bills.
This automatically generated document could contain inaccuracies caused by:
limitations of the compare program;
bad input data;
or other causes.
Precious Metals Amendments GENERAL SESSION STATE OF UTAH Chief Sponsor:
3 LONG TITLE General Description:
Keith Grover Cosponsor:
Jennifer Dailey-Provost Jake Sawyer Cheryl K.
Acton Joseph Elison Troy Shelley Carl R.
Albrecht Matthew H.
Gwynn Rex P.
Shipp Tiara Auxier Colin W.
Jack Casey Snider Stewart E.
Barlow Jason B.
Kyle Jason E.
Thompson Jefferson S.
Burton Trevor Lee Doug Welton Kay J.
Christofferson Matt MacPherson Stephen L.
Whyte Tyler Clancy Michael J.
Petersen Ryan D.
Wilcox 3 LONG TITLE General Description:
None H Other Special Clauses:
None Other Special Clauses:
B None 1 Utah Code Sections Affected:
None H.B.
9 HB0195 compared with HB0195S01 AMENDS:
195 Enrolled Copy Utah Code Sections Affected:
67-4-19 , as last amended by Laws of Utah 2025, Chapter 186 ENACTS:
AMENDS:
67-4-20 , Utah Code Annotated 1953 Be it enacted by the Legislature of the state of Utah:
67-4-19, as last amended by Laws of Utah 2025, Chapter 186 ENACTS:
67-4-20, Utah Code Annotated 1953 Be it enacted by the Legislature of the state of Utah:
67-4-19.
67-4-19 .
(2) (a) Subject to Subsection (2)(b), the state treasurer may invest a portion of public funds in the following accounts in precious metals:
(2)(a) Subject to Subsection (2)(b), the state treasurer may invest a portion of public funds in the following accounts in precious metals:
(b) (i) The amount of public funds that the state treasurer may invest in precious metals in an account described in Subsection (2)(a) may not, at the time the investment is made, exceed 10% of the total amount of public funds in that account.
(b)(i) The amount of public funds that the state treasurer may invest in precious metals in an account described in Subsection (2)(a) may not, at the time the investment is made, exceed 10% of the total amount of public funds in that account.
- 2 - HB0195 compared with HB0195S01 (a) conduct an annual study analyzing the role of precious metals in augmenting, stabilizing, and ensuring the economic security and prosperity of the state, the families and residents of the state, and businesses in the state;
(a) conduct an annual study analyzing the role of precious metals in augmenting, - 2 - Enrolled Copy H.B.
195 stabilizing, and ensuring the economic security and prosperity of the state, the families and residents of the state, and businesses in the state;
Section 2 is enacted to read:
Section 67-4-20 is enacted to read:
67-4-20.
67-4-20 .
(d) (i) "System participant" means a person who:
(d)(i) "System participant" means a person who:
- 3 - HB0195 compared with HB0195S01 (c) consult with the State Tax Commission on potential tax implications of the precious metals-backed electronic payment system;
(c) consult with the State Tax Commission on potential tax implications of the precious metals-backed electronic payment system;
(d) evaluate the options and implications for allowing state employees to receive compensation through the precious metals-backed electronic payment system;
(d) evaluate the options and implications for allowing state employees to receive - 3 - H.B.
Show all 46 changed rows (6 more)
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195 Enrolled Copy compensation through the precious metals-backed electronic payment system;
(b) {provide } evaluate the options for and implications of integration of the precious metals-backed electronic payment system into the statewide accounting system;
(b) evaluate the options for and implications of integration of the precious metals-backed electronic payment system into the statewide accounting system;
(5) Nothing in this section:
(5) When a system participant receives a payment or redeems physical gold or silver through the precious metals-backed electronic payment system, the system participant shall pay any transactional costs associated with the transaction.
(6) Nothing in this section:
Effective date.
Effective Date.
1-23-26 8:48 AM - 4 -
- 4 -
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How this bill changes current law

4 changes Share ↗

Compared against the Utah Code as published AI-generated reading aid — verify against the official bill.

The bill extends the state treasurer's responsibilities regarding precious metals investments and establishes a framework for a precious metals-backed electronic payment system.

  • Utah Code § 67-4-19

    In calendar years 2026 and 2027, the state treasurer shall: → In calendar years 2026, 2027, 2028, and 2029, the state treasurer shall:

    The state treasurer is now required to conduct the annual precious metals study for four years instead of two.

  • Utah Code § 67-4-20

    67-4-20. Precious metals-backed electronic payment system.

    Establishes a new section that mandates the creation of a precious metals-backed electronic payment system.

  • Utah Code § 67-4-20

    The state treasurer shall issue one or more requests for proposals for the creation and operation of a precious metals-backed electronic payment system.

    The state treasurer is required to initiate proposals for developing the electronic payment system.

  • Utah Code § 67-4-20

    The state treasurer shall annually submit a written report to the Revenue and Taxation Interim Committee describing the status and performance of the precious metals-backed electronic payment system.

    Mandates annual reporting on the performance of the new payment system to the legislative committee.

Amendments

1 amendment

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Became Law w/o Governor Signature

  2. House/ to Governor

  3. House/ received enrolled bill from Printing

  4. House/ enrolled bill to Printing

  5. Enrolled Bill Returned to House or Senate

  6. Draft of Enrolled Bill Prepared

  7. Bill Received from House for Enrolling

  8. House/ signed by Speaker/ sent for enrolling

  9. House/ received from Senate

  10. Senate/ to House

  11. Senate/ signed by President/ returned to House

  12. Senate/ passed 2nd & 3rd readings/ suspension

  13. Senate/ motion to reconsider

  14. Senate/ failed

  15. Senate/ 2nd & 3rd readings/ suspension

  16. Senate/ Rules to 2nd Reading Calendar

  17. Senate/ 2nd Reading Calendar to Rules [Senate Rules Committee]

  18. Senate/ placed on 2nd Reading Calendar

  19. Senate/ committee report favorable [Senate Government Operations and Political Subdivisions Committee]

  20. Senate Comm - Favorable Recommendation [Senate Government Operations and Political Subdivisions Committee]

  21. Senate Comm - Motion to Recommend Failed [Senate Government Operations and Political Subdivisions Committee]

  22. Senate/ to standing committee [Senate Government Operations and Political Subdivisions Committee]

  23. Senate/ 1st reading (Introduced)

  24. Senate/ received from House

  25. House/ to Senate

  26. House/ passed 3rd reading

  27. House/ floor amendment

  28. House/ 3rd reading

  29. House/ 2nd reading

  30. House/ committee report favorable [House Revenue and Taxation Committee]

  31. House Comm - Favorable Recommendation [House Revenue and Taxation Committee]

  32. LFA/ fiscal note publicly available for HB0195S01

  33. LFA/ fiscal note sent to sponsor for HB0195S01

  34. House/ to standing committee [House Revenue and Taxation Committee]

  35. Bill Substituted by Sponsor in House Rules Comm [House Rules Committee]

  36. LFA/ bill sent to agencies for fiscal input for HB0195S01

  37. LFA/ bill assigned to staff for fiscal analysis for HB0195S01

  38. House/ received fiscal note from Fiscal Analyst

  39. LFA/ fiscal note publicly available for HB0195

  40. House/ 1st reading (Introduced)

  41. LFA/ fiscal note sent to sponsor for HB0195

  42. House/ received bill from Legislative Research

  43. LFA/ bill sent to agencies for fiscal input for HB0195

  44. LFA/ bill assigned to staff for fiscal analysis for HB0195

  45. Numbered Bill Publicly Distributed

  46. Bill Numbered but not Distributed

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 102 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (102)

102 members have not signed on to this bill.

Show all 102 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance agriculture energy
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 195?
HB 195 is sponsored by Keith Grover (Republican) and Ken Ivory (Republican).
What is the current status of HB 195?
This bill has been enacted into law. Introduced January 08, 2026. Enacted.
Where can I track HB 195?
Track HB 195 free on One Click Politics — get push/email alerts when it moves.

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