South Carolina H 5544: Public and Private Financial Transactions

Bill Text

2025-2026 Bill 5544 Text of Previous Version (Apr. 16, 2026) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 5544

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 
34-31-30 SO AS TO PROVIDE THAT LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE, 
INCLUDES ONLY GOLD COINS, SILVER COINS, AND UNITED STATEs CURRENCIES.

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. Chapter 31, Title 34 of the S.C. Code is amended by 
adding:

 Section 
34-31-30. (A) Notwithstanding any 
other provision of law, legal tender for all debts, public or private, includes 
only gold coin, silver coin, or United States currency.

 (B) 
For purposes of this section:

 (1) 
"Gold coin" means a precious metal with the chemical element of atomic number 
79 in solid form, in the shape of rounds, bars, ingots, or bullion coins, which 
is valued for its metal content and stamped or imprinted with its weight and 
purity and which solid form of chemical element atomic number 79 consists of at 
least 99.5 percent purity. The term does not include any goods, such as jewelry, 
or other items of utility, such as picture frames or collectables.

 (2) 
"Silver coin" means a precious metal with the chemical element of atomic number 
47 in solid form, in the shape of rounds, bars, ingots, or bullion coins, which 
is valued for its metal content and is stamped or imprinted with its weight and 
purity and which solid form of chemical element atomic number 47 consists of at 
least 99.9 percent purity. The term does not mean any goods, such as jewelry, 
or other items of utility, such as picture frames or collectables.

SECTION 2. This act takes effect upon approval 
by the Governor.

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This web page was last updated on April 16, 2026 at 10:57 AM