Senate Joint Memorial No. 113 expresses the Idaho Legislature's support for the issuance of treasury trust bonds that would be collateralized by a portion of the nation's gold reserves. The memorial highlights concerns about the current federal debt exceeding $38 trillion and the potential risks to fiscal sustainability without a tangible asset backing the currency. It references a proposal by economist Dr. Judy Shelton for the U.S. Department of the Treasury to issue these bonds, which would allow holders to redeem them in either U.S. dollars or a fixed weight of gold, thereby enhancing confidence in the dollar and providing a safeguard against inflation.

The memorial urges Congress to enact legislation that would authorize the Secretary of the Treasury to issue these bonds and calls for the President to sign such legislation and facilitate its implementation. It also requests that the U.S. Department of the Treasury prepare operational protocols for the bonds and initiate an inaugural auction on July 4, 2026, coinciding with the nation's semiquincentennial. Additionally, the memorial encourages Idaho's congressional delegation to advocate for this legislation to ensure its bipartisan passage before the end of the 119th Congress.