The proposed bill, titled the "Inflation Protection Act of 2025," establishes a state special revenue account dedicated to investing in precious metals and digital assets, as determined by the Board of Investments. It includes definitions for key terms such as "digital asset," "exchange-traded product," "precious metal," and "stablecoin." The bill outlines that the account will be funded through legislative transfers, with any investment proceeds remaining within the account. Additionally, it authorizes the Board of Investments to invest in precious metals, digital assets with a market capitalization exceeding $750 billion, and stablecoins.

A significant provision of the bill mandates that by July 15, 2025, the state treasurer must transfer up to $50 million from the general fund to the newly created account. The bill also includes a codification instruction indicating that the new sections will be integrated into Title 17, chapter 1 of the Montana Code Annotated, and it specifies that the act will take effect on July 1, 2025. Notably, the bill removes the requirement for funds to be held by a qualified custodian or through an exchange-traded fund, allowing for more flexibility in managing the investments.