The proposed legislation, known as the "Idaho Constitutional Money Act of 2025," aims to establish gold and silver coin and specie as legal tender in the state of Idaho. It includes a new chapter in Title 67 of the Idaho Code, which defines key terms such as "debt," "entity," "gold and silver coin," "legal tender," "person," "specie," and "state." The act asserts that no individual or entity can be compelled to accept gold or silver coin or specie unless there is mutual agreement, thereby affirming the right of Idahoans to conduct transactions using these forms of currency at their discretion.

Additionally, the act emphasizes the authority of the state to designate gold and silver as legal tender under the U.S. Constitution. It includes a severability clause to ensure that if any part of the act is deemed invalid, the remaining provisions will still stand. The act is set to take effect on July 1, 2025, following the declaration of an emergency to expedite its implementation.