Individual US States push for gold and silver legalization

[pmbug]

A bill filed in the Indiana House would take important steps toward treating gold and silver as money and set the stage for the people there to undermine the Federal Reserve’s monopoly on money.

Rep. Cindy Ledbetter and three cosponsors introduced House Bill 1043 (HB1043) for introduction on Jan. 8. Under the proposed law, “specie” issued by the U.S. government, specie issued by foreign governments, and any other specie that a United States court, in a final non-appealable judgment, determined to be within state authority to make or designate as legal tender under Article Section 10 of the Constitution of the United States would be legal tender in Indiana and recognized as a medium of exchange for the payment of debts and taxes.
...

More:

Indiana Bill Would Treat Gold and Silver as Legal Tender | Tenth Amendment Center

INDIANAPOLIS, Ind. (Jan. 5, 2024) - A bill filed in the Indiana House would take important steps toward treating gold and silver as money and set the stage for the people there to undermine the Federal Reserve’s monopoly on money. Rep. Cindy Ledbetter and three cosponsors introduced House Bill...

blog.tenthamendmentcenter.com

 

[pmbug]

New Hampshire's legislature is poised to revolutionize our financial landscape with the passage of the Sound Money Act, led by Representative Keith Ammon. As the 2024 legislative session nears, your involvement is pivotal for the success of this historic legislation, encapsulated in House Bills 1674.

Why the Sound Money Act is Essential:

1. Strengthening Economic Resilience: By establishing gold and silver as legal tender (HB 1674), the Sound Money Act is set to reinstate these precious metals' critical role in our monetary system, bolstering economic stability and protecting against inflation.

2. State Depository for Precious Metals: A cornerstone of the Act is the establishment of a state depository, ensuring a secure and trusted platform for storing and managing these valuable assets.
...

TAKE ACTION NOW TO SUPPORT THE NH SOUND MONEY ACT!

TAKE ACTION NOW TO SUPPORT THE NEW HAMPSHIRE SOUND MONEY ACT (HB 1674)! New Hampshire's legislature is poised to revolutionize our financial landscape with the passage of the Sound Money Act, led by Representative Keith Ammon. As the 2024 legislative session nears, your involvement is pivotal...

www.alignact.com

Bill tracking here:

New Hampshire HB1674 | 2024 | Regular Session

Summary (2024-01-03) Relative to establishing the New Hampshire legal tender act and establishing a state bullion depository. [Public Hearing: 01/09/2024 11:00 am Legislative Office Building 306-308]

legiscan.com

 

[searcher]

Oklahoma lawmakers ponder state gold and silver depository​

What Oklahoman doesn’t long for a state-operated Fort Knox to store their gold and silver bullion?

OK, probably not that many. But also maybe more than the average person might think.

Surveys suggest that 10% to 12% of American adults own gold or silver. To what extent Oklahoma fits the profile is unknown, but it is among a wave of mostly conservative states considering state-owned bullion depositories that issue debit cards allowing depositors to draw against the cash value of their precious metals.

At least two such bills have been filed for the upcoming session: Senate Bill 1351 by Sen. David Bullard, R-Durant, and SB 1507 by Sen. Shane Jett, R-Shawnee.

More:

Oklahoma lawmakers ponder state gold and silver depository

Similar bills filed in recent years have gone mostly nowhere, but there does seem to be something of a national push to get states into the bullion business.

tulsaworld.com

 

[searcher]

New Jersey? Is hell freezing over?

New Jersey Senate Committee Passes Bill that Takes Step Toward Treating Gold and Silver as Money | Tenth Amendment Center

The legislation would exempt the sale of investment metal bullion and investment coins from the state sales and use tax.

blog.tenthamendmentcenter.com

It still has a long ways to go to actually become law and it's future is not certain, but I didn't expect a bill like this would even merit consideration in that state.

To the Governor: New Jersey Passes Bill to Remove Sales Taxes from Gold and Silver | Tenth Amendment Center

the New Jersey House and Senate gave final approval to a bill that would exempt gold and silver bullion from state sales and use taxes. Enactment of this legislation would not only relieve some of the tax burdens on investors, but it would also eliminate one barrier to using gold and silver in...

blog.tenthamendmentcenter.com

 

[searcher]

^^^^

New Jersey's EPIC Move On Gold & Silver! Here's What's Happening NOW!​

11:44

 

[pmbug]

A bill filed in the Kansas Senate would make gold and silver legal tender in the state and would effectively repeal the state capital gains tax on the same. Passage into law would eliminate barriers to using gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monopoly on money.

The Senate Federal and State Affairs Committee introduced Senate Bill 303 (SB303) last year and it will carry over to the 2024 session. Under the proposed law, “specie coins” issued by the U.S. government or any other specie that a court of competent jurisdiction designates would be legal tender in the state of Kansas and recognized as a medium of exchange for the payment of debts and taxes.
...

More:

Kansas Bill Would Treat Gold and Silver as Legal Tender | Tenth Amendment Center

A bill filed in the Kansas Senate would make gold and silver legal tender in the state and would effectively repeal the state capital gains tax on the same. Passage into law would eliminate barriers to using gold and silver in everyday transactions, a foundational step for the people to...

blog.tenthamendmentcenter.com

 

[pmbug]

A bill filed in the West Virginia House would make certain gold and silver coins legal tender in the state and would provide a credit for federal capital gains tax on the same. Passage into law would eliminate barriers to using gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monopoly on money.

Del. Chris Pritt introduced House Bill 4343 (HB4342) on Jan. 10. Under the proposed law, gold and silver coins issued by the federal government would be deemed legal tender in this state.

Passage into law would make West Virginia the fifth state to recognize gold and silver as legal tender. Utah led the way, reestablishing constitutional money in 2011. Wyoming, Oklahoma, and Arkansas have since joined. ...

More:

West Virginia Bill Would Make Gold and Silver Legal Tender in the State | Tenth Amendment Center

A bill filed in the West Virginia House would make certain gold and silver coins legal tender in the state and would provide a credit for federal capital gains tax on the same.

blog.tenthamendmentcenter.com

 

[searcher]

(Madison, Wisconsin) – A large bipartisan contingent of Wisconsin legislators have reintroduced legislation seeking to end Wisconsin’s outdated practice taxing purchases of gold and silver.

Assembly Bill 29 and Senate Bill 33, primarily sponsored by Rep. Shae Sortwell and Sen. Duey Strobel (R - Saukville), respectively, are cosponsored by almost two dozen other legislators and enjoys wide support – and would align Wisconsin with the policies of 43 other U.S. states.

Wisconsin Lawmakers Reintroduce Measure to End Sales Tax on Gold and Silver

A large bipartisan contingent of Wisconsin legislators have reintroduced legislation seeking to end Wisconsin’s outdated practice taxing purchases of gold and silver.

www.soundmoneydefense.org

 

[searcher]

Related to post #110 above:

Missouri Bills Would Treat Gold and Silver as Legal Tender | Tenth Amendment Center

The legislation would take steps to treat gold and silver as money in Missouri and encourage its use as such, including making it legal tender and eliminating the state capital gains tax on the sale gold and silver.

blog.tenthamendmentcenter.com

Update:

JEFFERSON CITY, Mo. (Jan. 18, 2024) – On Wednesday, a Missouri Senate committee passed a bill that would treat gold and silver as legal tender, and eliminate state capital gains tax on the same. It would also authorize the state to hold the metals in reserve and ban the state from seizing gold and silver.

Sen. William Eigel along with Sen. Mike Moon filed Senate Bill 735 (SB735) on Dec. 1. Passage into law would set the stage for the people of Missouri to undermine the Federal Reserve’s monopoly on money. On Jan. 17, the Senate Veterans, Military Affairs and Pensions Committee took the first step and passed SB735.

Missouri Senate Committee Passes Bill That Would Treat Gold and Silver as Legal Tender | Tenth Amendment Center

Passage into law would set the stage for the people of Missouri to undermine the Federal Reserve’s monopoly on money. On Jan. 17, the Senate Veterans, Military Affairs and Pensions Committee took the first step and passed SB735.

blog.tenthamendmentcenter.com

 

[Peter89]

Sunny Isles Beach, FL just passed the Sound Money Act Resolution

C4SM is asking for help to distribute this tweet on X

 

[searcher]

To the Governor: New Jersey Passes Bill to Remove Sales Taxes from Gold and Silver | Tenth Amendment Center

the New Jersey House and Senate gave final approval to a bill that would exempt gold and silver bullion from state sales and use taxes. Enactment of this legislation would not only relieve some of the tax burdens on investors, but it would also eliminate one barrier to using gold and silver in...

blog.tenthamendmentcenter.com

Update:

(Trenton, New Jersey) - New Jersey Governor Phil Murphy has unilaterally killed a bill that would have exempted the sales tax on purchases of gold and silver.

A5294/S1825 had passed out of both committees and both chambers of the New Jersey legislature without a single "no" vote. This popular bill had more than a dozen cosponsors and had unanimous approval in each legislative chamber. Despite this, Gov. Murphy chose not to enact the bill into law.

Alabama, Tennessee, Virginia, Mississippi, and Ohio have all recently enacted legislation to exempt gold and silver from state sales tax, or extend their existing exemption on the metals. In total, 43 states have ended sales tax on gold and silver – including all three of New Jersey’s neighboring states.

New legislation to end this tax has already been reintroduced: A2812/S721.

NJ Governor Vetoes Popular Gold and Silver Sales Tax Exemption Bill

New Jersey Governor Phil Murphy has unilaterally killed a bill that would have exempted the sales tax on purchases of gold and silver.

www.soundmoneydefense.org

 

[searcher]

Vermont Representatives File Bill to End Sales Tax on Gold and Silver

Representatives in Vermont realize that their state has become a big outlier, and that it’s high time for the state to end their practice of taxing purchases of gold and silver.

www.soundmoneydefense.org

Nebraska Senator Introduces Measure to Eliminate Income Taxes on Gold and Silver

Senator Hansen from Nebraska has introduced Legislative Bill 1305, an anti-CBDC measure that also eliminates capital gains taxes from gold and silver

www.soundmoneydefense.org

 

[pmbug]

Update on the Kansas bill:

Yesterday, a Kansas Senate committee passed a bill that would make gold and silver legal tender in the state, and would effectively repeal the state capital gains tax on the same.
...
SB303 will likely move to the full Senate for further consideration, or it could be sent to a second Senate committee.

Kansas Committee Passes Bill to Treat Gold and Silver as Legal Tender | Tenth Amendment Center

a Kansas Senate committee passed a bill that would make gold and silver legal tender in the state, and would effectively repeal the state capital gains tax on the same.

blog.tenthamendmentcenter.com

 

[pmbug]

 

[pmbug]

A bill filed in the Georgia House would eliminate state capital gains taxes on gold and silver specie. Passage into law would relieve some of the tax burdens on investors, and would also eliminate one barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.

Rep. Jordan Ridley and five cosponsors introduced House Bill 895 (HB895) on Jan. 12. The legislation would exclude net capital gains or losses derived from the sale or exchange of precious metals in the form of bullion or coins from the income calculation for state taxes.
...

Georgia Bill Would Take Another Step Toward Treating Gold and Silver as Money | Tenth Amendment Center

The legislation would exclude net capital gains or losses derived from the sale or exchange of precious metals in the form of bullion or coins from the income calculation for state taxes.

blog.tenthamendmentcenter.com

 

[pmbug]

A bill filed in the Iowa Senate would establish a state-issued gold or silver transactional currency. The passage of this bill would give Iowans the option to do business with sound money and undermine the Federal Reserve’s monopoly on money.

Sen. Kevin Alons and a bipartisan coalition of 14 cosponsors introduced Senate Bill 2108 (SF2108) on Jan. 24. The proposed law would require the State Treasurer to issue specie (gold or silver coins) and establish a transactional currency.

Specie under the proposed law would be defined as “a precious metal stamped into coins of uniform shape, size, design, content, and purity, suitable for or customarily used as currency, a medium of exchange, or the medium for purchase, sale, storage, transfer, or delivery of precious metals in retail or wholesale transactions.”

Transactional currency is defined as “a representation of actual specie and bullion held in a depository account by a depository account holder and which may be transferred by electronic instruction.”

Specie, and gold and silver bullion backing the transactional currency. would be stored in an “approved” bullion depository which could include a state bullion depository, the Texas Bullion Depository, or a similar depository established in another state.

The bill specifies that “the treasurer of the state shall establish a means to ensure that a person or state who holds the transactional currency may use the currency as legal tender in payment of debt and readily transfer or assign the transactional currency to any other person or state by electronic means.”

In practice, the passage of SF2108 would allow any person to conduct business transactions using gold or silver.
...

Iowa Bill Would Established State-Issued Gold and Silver Transactional Currency | Tenth Amendment Center

The proposed law would require the State Treasurer to issue specie (gold or silver coins) and establish a transactional currency.

blog.tenthamendmentcenter.com

Awesome!

 

[Peter89]

Four States Consider Lifting Taxes on Precious Metals​

Proponents of these bills point out that gold and silver are one of the only asset classes that have sales taxes; investors don’t have to pay sales tax on more common investments, like stocks and bonds.
The Sound Money Defense League recently elaborated on this point:

“Sales taxes are typically levied on final consumer goods. Computers, shirts, and shoes carry sales taxes because the consumer is ‘consuming’ the good. Precious metals are inherently held for resale, not ‘consumption,’ making the imposition of sales taxes on precious metals illogical from the start.”

I don't know whether gold fans have really a reason to be happy.
The reason for not taxing gold sales should be because gold is money, not because it is non-consumption good.
Arguing that way the SMDL is implying that gold is an investment as opposite to money.

 

[Viking]

Four States Consider Lifting Taxes on Precious Metals​

Proponents of these bills point out that gold and silver are one of the only asset classes that have sales taxes; investors don’t have to pay sales tax on more common investments, like stocks and bonds.
The Sound Money Defense League recently elaborated on this point:



I don't know whether gold fans have really a reason to be happy.
The reason for not taxing gold sales should be because gold is money, not because it is non-consumption good.
Arguing that way the SMDL is implying that gold is an investment as opposite to money.

Baby steps.

 

[Peter89]

Baby steps...

... in the wrong direction ...

 

[nickndfl]

What could happen after SHTF will be 2 posted rates to buy goods and services. There will be an official $USD rate based on paper currency or CBDC and next to it will be the AU/AG rate.

One hurdle will be liquidity of AU/AG unless other expenses such as payroll and utilities can also be used. Otherwise there will be a need for more middlemen who take their cut.

 

[pmbug]

...
I don't know whether gold fans have really a reason to be happy. ...

The removal of unjust taxes is always a win - regardless of the motivations. People need to learn how to take a win, compliment, gift.

Many of these states are also removing state level capital gains taxes as well and that is also a win.

The way State legislatures work, some states need to take baby steps with Representatives realizing there are no negative (political) consequences for passing these measures before they consider supporting more expansive measures like the specie bill introduced in Iowa (mentioned in my last post).

It's very rare to just walk up to the plate and hit a home run in politics. Absent a groundswell of public support/outrage, building momentum/support for a bill usually takes a lot of persistence (and baby steps).

 

[pmbug]

A bill introduced in the Hawaii House would exempt the sale of precious metal bullion from the state sales tax. Passage into law would relieve some of the tax burdens on investors and eliminate one barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.

Rep. Diamond Garcia and four cosponsors introduced House Bill 1724 (HB1724) on Jan. 19. The legislation would exempt the sale of “precious metal bullion” from the state sales tax.
...

More:

Hawaii Bill Would Take Step Toward Treating Gold and Silver as Money | Tenth Amendment Center

 

[Peter89]

The removal of unjust taxes is always a win - regardless of the motivations. People need to learn how to take a win, compliment, gift.

Many of these states are also removing state level capital gains taxes as well and that is also a win.

The way State legislatures work, some states need to take baby steps with Representatives realizing there are no negative (political) consequences for passing these measures before they consider supporting more expansive measures like the specie bill introduced in Iowa (mentioned in my last post).

It's very rare to just walk up to the plate and hit a home run in politics. Absent a groundswell of public support/outrage, building momentum/support for a bill usually takes a lot of persistence (and baby steps).

Hi PM,
they question is not whether removing unjust taxes on gold is a win or not for gold investors... the question is rather whether the kind of argument used in order to remove unjust taxes on gold helps the cause of gold as money ... or whether it hinders it.
How could that even be possible you ask. Well hear me out

The main problem in making legislators treat gold as money is that they are convinced that gold is only an investment, a good.
Telling them that gold sales/earnings shouldn't be taxed because gold is a particular kind of investment (a non-consumption good) only re-inforces their conviction that gold is an investment - as opposed to money.

... and even if that's not the case, my point is that a measure representing a win for gold as investment doesn't necessarily represent a step - not even a baby step! - in the direction of gold is money.

 

[pmbug]

.. the question is rather whether the kind of argument used in order to remove unjust taxes on gold helps the cause of gold as money ... or whether it hinders it.
...

I say it helps. 10 minutes after the bill passes, no one cares what the justification was for the votes. Future consideration on related bills have nothing to do with the motivation supporting the sales tax initiatives. The closer we creep to a level sound money playing field, the better.

I understand your desire for Congressional Reps to understand the issue and vote for the right reason, but as a pragmatist, I understand that it's a process and some folks are quicker to grok it than others. Keep the ball rolling. $.02

 

[Peter89]

I understand your desire for Congressional Reps to understand the issue and vote for the right reason, but as a pragmatist, I understand that it's a process and some folks are quicker to grok it than others. Keep the ball rolling. $.02

Maybe your pragmatist view is the right one

To grok or not to grok... That is the question...

 

[Ttazzman]

Hi PM,
they question is not whether removing unjust taxes on gold is a win or not for gold investors... the question is rather whether the kind of argument used in order to remove unjust taxes on gold helps the cause of gold as money ... or whether it hinders it.
How could that even be possible you ask. Well hear me out

The main problem in making legislators treat gold as money is that they are convinced that gold is only an investment, a good.
Telling them that gold sales/earnings shouldn't be taxed because gold is a particular kind of investment (a non-consumption good) only re-inforces their conviction that gold is an investment - as opposed to money.

... and even if that's not the case, my point is that a measure representing a win for gold as investment doesn't necessarily represent a step - not even a baby step! - in the direction of gold is money.

.... your prying on a crevice in a rock face LOL (imho) and its always a good thing to look in the shadows.......but the totality of it and all the bills are highlighting gold as a asset without counter party risks and removing encumbrances and as such it naturally floats to the pinnacle of the "money pyramid"........

 

[Peter89]

... now this one has the prying in the crevices with a rock face, the other one had the grok, holy cannoli I hope one day I'll be able to participate in an American forum without dictionary

 

[pmbug]

On Wednesday, an Iowa House subcommittee unanimously approved a bill that would eliminate state capital gains taxes on gold and silver bullion and coins. ...
...
HF659 will move to the full House Ways and Means Committee where it must get a hearing and pass by a majority vote before moving forward in the legislative process.

Iowa Subcommittee Passes Bill to Take Another Step Toward Treating Gold and Silver as Money | Tenth Amendment Center

 

[pmbug]

The Iowa house bill HF659 has a companion bill in the state senate which just passed through a committee:

...
Sen. Kevin Alons and a bipartisan coalition of 14 cosponsors introduced Senate Bill 2108 (SF2108) on Jan. 24. The proposed law would require the state treasurer to issue specie (gold or silver coins) and establish a transactional currency.
...
On Feb. 7, a subcommittee of the Senate State Government Committee recommended SF2108 for passage. A vote total was not available at the time of this report.
...
SF2108 will now move to the full Senate State Government Committee where it must get a hearing and pass by a majority vote before moving forward in the legislative process.

Iowa Subcommittee Passes Bill to Establish Gold and Silver Transactional Currency | Tenth Amendment Center

 

[pmbug]

A bill introduced in the Kansas House would declare gold and silver specie as legal tender in Kansas, establish a specie-backed transactional currency in the state, and establish a state bullion depository.

Rep. Michael Murphy and a large coalition of cosponsors introduced House Bill 2729 (HB2729) on Feb. 7.
...

More:

Kansas Bill Would Take Several Steps to Treat Gold and Silver as Money | Tenth Amendment Center

That's an ambitious bill.

 

[Peter89]

Arizona Senate Committee Passes Bill to Establish Bullion Depository and Transactional Gold-Backed Currency​

WHAT’S NEXT
SB1633 will move to the Senate Rules Committee where it must get a hearing and pass by a majority vote before moving forward in the legislative process.

blog.tenthamendmentcenter.com

I think it would be helpful to have - as an overview - a list of which States have passed what...

 

[searcher]

I think it would be helpful to have - as an overview - a list of which States have passed what...

Don't know if this is what you have in mind. Best I can do.

States Restoring Gold and Silver as Money

www.soundmoneydefense.org

 

[searcher]

A Gold and Silver Lining: States Are Removing Barriers to Sound Money Ownership

For many Americans, the traditional path of home ownership as a reliable wealth-building vehicle is becoming an elusive dream.

www.soundmoneydefense.org

 

[Peter89]

Don't know if this is what you have in mind. Best I can do.

Thanks searcher,
it was not what I had in mind but I understand that what I had in mind is unreachable, the situation being much more complex than I thought.
With the website you linked one has to open 54 tabs with each tab showing the situation in one state, so an overview is difficult.
I was thinking of some sort of excel chart with a list of the 54 states accompanied by 1-2 lines explaining what was passed in each one of them, just for overview's sake.

Anyway, representing the minoritarian view that improvements in the taxation of investments in PM means very little in regard to promoting PM as money, I'm very interested in the concept of transactional currency (backed by gold and silver), which to me sounds like some form of gold-backed cryptocurrency.

While the sound money defense website you linked doesn't mention the introduction of transactional currencies in the states - making me wonder whether they are an organisation which mistakenly focus only on promoting gold investment - Michael Maharrey and his Tenth Amendment Center website seems to focus on them.
See for example his presentation of Arizona and Iowa

 

[pmbug]

...
While the sound money defense website you linked doesn't mention the introduction of transactional currencies in the states - making me wonder whether they are an organisation which mistakenly focus on promoting gold investment - Michael Maharrey and his Tenth Amendment Center website seems to focus on them.
...

...
Stefan Gleason — Chairman

Gleason is chairman of the Sound Money Defense League as well as president of Money Metals Exchange ...
...
Jp Cortez — Executive Director

Jp Cortez is the Executive Director of the Sound Money Defense League, a nationally renowned policy group known for its fervent commitment to advocating for a stable and constitutional monetary system.
...

About Us

www.soundmoneydefense.org

I posted in the Money Metals Exchange review thread that Stefan Gleason was a Communications Director for the Tenth Amendment Center, so I must have read that somewhere, but I failed to include a reference link so I'm not sure now where I saw that. In any event, the 10th Amendment Center does publish Mr. Gleason's writings:

Stefan Gleason | Tenth Amendment Center

Stefan Gleason is President of the Sound Money Defense League, a national grassroots lobbying organization working to restore gold & silver to their historical role as America's constitutional money. He also leads Money Metals Exchange, a national precious metals dealer with over 50,000...

tenthamendmentcenter.com

JP Cortez is flying around the country lobbying state legislatures on these laws. I've been following him on X/Twitter and he is a busy guy doing the heavy lifting with the lobbying.

The Sound Money index, created by the SMDL, is published on the Monetary Metals website (this has the overview you were looking for):

Sound Money Index: Everything You Need to Know About Gold & Silver Laws

Sound Money Index: Everything You Need to Know About Gold & Silver Laws... Is your state destroying your money?

www.moneymetals.com

 

[Peter89]

thanks @pmbug,
if SMDL promote gold-backed cryptocurrencies I'm their biggest fan
Still don't understand why they don't mention transactional currencies in their website.

In their website, for each state they focus on

• State Sales Tax Laws
• Capital Gains Laws
• Gold and Silver Money Status
• Depository Laws
• State Reserves Laws
• Government Pension Funds

but even under "G&S money status" they never mention transactional currencies.
I conclude it's not a primary goal for them?

 

[pmbug]

...
I conclude it's not a primary goal for them?

I suspect it's just a relatively new step on the journey. A few years ago, there were just a handful of states that did *not* have Sales taxes on gold and silver. End goals in politics are often achieved in baby steps. It wasn't until last year that the first gold backed digital token bill was even attempted. And that wasn't even really possible to consider until the Texas bullion repository had been established and operational.

You can of course send them an email and ask them directly...

 

[Peter89]

I suspect it's just a relatively new step on the journey. A few years ago, there were just a handful of states that did *not* have Sales taxes on gold and silver. End goals in politics are often achieved in baby steps. It wasn't until last year that the first gold backed digital token bill was even attempted. And that wasn't even really possible to consider until the Texas bullion repository had been established and operational.

You can of course send them an email and ask them directly...

I'm not American, this is a strictly US issue, maybe it's wise for me to not get involved.
The relatively new step explanation seems reasonable.

 

[searcher]

Wisconsin House Votes Overwhelmingly to End Sales Tax on Sound Money

Lawmakers in Wisconsin have voted by a wide margin to end the tax on gold and silver

www.soundmoneydefense.org

 

[searcher]

TOPEKA, Kansas (Feb. 21, 2024) – On Monday, Kansas House and Senate committees held hearings on bills that would declare gold and silver specie as legal tender in Kansas, establish a specie-backed transactional currency in the state, and establish a state bullion depository.

Rep. Michael Murphy and a large coalition of cosponsors introduced House Bill 2729 (HB2729) on Feb. 7. The Senate Federal and State Affairs Committee introduced a companion, Senate Bill 513 (SB513), on Feb. 14. The legislation would take several steps to support sound money in Kansas.

On Feb. 19, the Senate Federal and State Affairs Committee held a public hearing on SB513, and the House Committee on Financial Institutions and Pensions held a public hearing on HB2729. This is an important first step in the legislative process.

Kansas Committees Hold Hearings on Bills to Treat Gold and Silver as Money | Tenth Amendment Center

On Monday, Kansas House and Senate committees held hearings on bills that would declare gold and silver specie as legal tender in Kansas, establish a specie-backed transactional currency in the state, and establish a state bullion depository

blog.tenthamendmentcenter.com