The Constitutional Tender Act

UPDATE

Constitutional Tender Blog

Come join in on discussion of the "Constitutional Tender Act." We'll mostly be posting the latest news about the bill, along with links to articles around the 'net that bear some relation to it.

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Constitutional Tender Facebook

If you're on Facebook, be sure to join the "Constitutional Tender Act" cause! The more members -- the more grassroots activism we can accomplish!

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"Ending the Federal Reserve from the Bottom Up"

Wiliam Greene, original author of Georgia's Constitutional Tender Act, recently presented a paper on it at the Mises Institute's "Austrian Scholars Conference."

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EXPLAIN

"Economic Federalism" Video

Excellent video about about the Constitutional authority of the states to pass legislation rejecting paper money in favor of gold and silver.

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Today's London Fixing Prices

The value of gold and silver coins specified in the Constitutional Tender Act is determined on "conversion day" by the London Silver Fixing Price and the London Gold Fixing Price.

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Most importantly, this bill would protect the people of Georgia from the continued depreciation of the dollar and probable eventual hyperinflation!

The United States Constitution declares, in Article I, Section 10, "No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts". This means that no State can make something besides gold or silver a "tender in payment" (which means they cannot "make something else an offer as payment") for any debts, which would include debts owed by and to the State. However, EVERY State in the United States of America HAS made some other "Thing" an offer as payment - they have by law declared that they will accept, and pay out, Federal Reserve Notes for any debts owed by or to them. Therefore, every State is in violation of Article I, Section 10 of the U.S. Constitution. Thus the need for the "Constitutional Tender Act" -- a bill template that can be introduced in every State legislature in the nation, returning each of them to adherence to the United States Constitution's actual legal tender provisions.

	Progress in Georgia	Other State Proposals	Grassroots Activism
	The "Constitutional Tender Act" has been re-introduced in the Georgia House of Representatives by Rep. Bobby Franklin (R-43), a member of the Georgia House Banks & Banking Committee, for the 2011 Session of the Georgia Legislature. The bill number is HB 3. Last session's bill was referred to two subcommittees: the Financial Institutions & Services Subcommittee, and the Regulations & Oversight Subcommittee. The first hearing before a combined meeting of the two subcommittees was held the week of March 23, 2009 (view the testimony in support of the bill here). A vote on the bill itself was not held during the 2009 session. This session's bill was referred to the Financial Institutions & Services Subcommittee. A hearing was held the week of March 7, 2011 (view the testimony in support of the bill here). A vote on the bill itself has not been held yet in the 2011 session. On the Senate side, Georgia Senator David Shafer used the first half of the Constitutional Tender Act as the basis for a bill he introduced last session, titled the "Sound Money in Banking Act." This bill would require banks in Georgia to offer accounts denominated in gold and silver coins - a huge step forward for the re-introduction of REAL money that keeps its value over time! View the new bill (introduced this session), SB 116, here.	Yes, there are (or have been) other bills proposed in different States, attempting to return them to Constitutional money. As we become aware of them, we'll post links to them here. Montana Missouri Colorado Idaho Indiana Missouri Montana New Hampshire North Carolina South Carolina Tennessee Utah Vermont Virginia Washington	Whenever the Constitutional Tender Act is introduced, in any form, in any state, we will be updating here with information on who YOU can contact to urge them to support the bill. It will take a strong dose of involvement from citizens across the country to get our States back on track using Constitutionally-mandated money, so we'll need YOUR help! Gold & Silver Bill RE-Introduced in Georgia! Every citizen TODAY needs to contact the Leaders of the Georgia House of Representatives and ask them to support this bill -- CLICK HERE to take action NOW! Gold & Silver Bill Introduced in Virginia! Every citizen TODAY needs to contact the Leaders of the Virginia House of Delegates and ask them to support this bill -- CLICK HERE to take action NOW! Gold & Silver Bill signed into law in Utah! WE HAVE OUR FIRST BIG WIN! Gold & Silver Bill Introduced in Tennessee! Every citizen TODAY needs to contact the Leaders of the Tennessee Senate and ask them to support this bill -- CLICK HERE to take action NOW!