US HB4248 | 2009-2010 | 111th Congress

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on December 9 2009 - 25% progression, died in chamber
Action: 2010-03-01 - Referred to the Subcommittee on Commercial and Administrative Law.
Text: Latest bill text (Introduced) [PDF]

Summary

Free Competition in Currency Act of 2009 - Repeals the federal law establishing U.S. coins, currency, and reserve notes as legal tender for all debts, public charges, taxes, and dues. Prohibits any tax on any coin, medal, token, or gold, silver, platinum, palladium, or rhodium bullion issued by a state, the United States, a foreign government, or any other person. Prohibits states from assessing any tax or fee on any currency or other monetary instrument that is used in interstate or foreign commerce and that has legal tender status under the Constitution. Repeals provisions of the federal criminal code relating to uttering coins of gold, silver, or other metal for use as current money and making or possessing likenesses of such coins. Abates any current prosecution under such provisions and nullifies any previous convictions.

Tracking Information

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Title

Free Competition in Currency Act of 2009

Sponsors


History

DateChamberAction
2010-03-01 Referred to the Subcommittee on Commercial and Administrative Law.
2009-12-09 Referred to House Judiciary
2009-12-09 Referred to House Ways and Means
2009-12-09 Referred to House Financial Services
2009-12-09 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2009-12-09 Sponsor introductory remarks on measure. (CR E2931-2932)

Subjects


US Congress State Sources


Bill Comments

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