US HB1098 | 2011-2012 | 112th Congress

US Congress House Bill 1098 (Prior Session Legislation)

Status

Spectrum: Bipartisan Bill
Status: Introduced on March 15 2011 - 25% progression, died in chamber
Action: 2011-09-13 - Subcommittee Hearings Held.
Text: Latest bill text (Introduced) [PDF]

Summary

Free Competition in Currency Act of 2011- 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.

Title

Free Competition in Currency Act of 2011

History

Date	Chamber	Action
2011-09-13	House	Subcommittee Hearings Held.
2011-06-01	House	Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
2011-04-04	House	Referred to the Subcommittee on Domestic Monetary Policy and Technology.
2011-03-15	House	Referred to House Judiciary
2011-03-15	House	Referred to House Ways and Means
2011-03-15	House	Referred to House Financial Services
2011-03-15	House	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.
2011-03-15	House	Sponsor introductory remarks on measure. (CR E483-484)