The act creates the “Constitutional Money Act” and declares that specie legal tender and electronic currency, as those terms are defined in the act, shall be accepted as payment for all public debts and may be received as payment for all private debts contracted for in the state of Missouri, in the discretion of the receiving entity.

The Director of the Department of Revenue is required to promulgate rules on the methods of acceptance of specie legal tender as payment for any debt, tax, fee, or obligation owed. Costs incurred in the course of verification of the weight and purity of any specie during any such transaction shall be borne by the receiving entity.

Except as expressly provided by contract, no person or entity shall be required to use specie legal tender or electronic currency in the payment of any debt and nothing in this act shall prohibit the use of federal reserve notes in the payment of any debt.

The act permits any entity doing business in this state to, upon request by an employee, compensate its employees, in full or in part, in the dollar equivalent specie legal tender either in physical or in electronic transfer form. Any entity choosing to compensate its employees in specie legal tender shall be responsible for verifying the weight and purity of any physical specie legal tender before compensating employees.

Under no circumstance shall the state of Missouri or any department, agency, court, political subdivision, or instrumentality thereof:

This act is substantially similar to the perfected SS/SCS/SB 735 (2024), provisions in the perfected SS/SCS/SB 835 (2024), SB 866 (2024), HB 1867 (2024), HCS/HBs 1955 & 2257 (2024), and the perfected SS/SCS/SB 100 (2023).