3.0.0 1098 2023-01-11T13:20:21Z 2023-01-11T13:20:21Z House H HR 2011-03-15 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PAUL:H.R. 1098.Congress has the power to enact this legislation pursuantto the following:This legislation is authorized by Article I, Section 8 ofthe Constitution: ``To coin Money, regulate the Valuethereof, and of foreign Coin, and fix the Standard of Weightsand Measures.''``To provide for the Punishment of counterfeiting theSecurities and current Coin of the United States.''``To regulate Commerce with foreign Nations, and among theseveral States, and with the Indian Tribes.''[Page H1843]]]> hsba00 Financial Services Committee House Standing hsba19 Domestic Monetary Policy and Technology Subcommittee Hearings by 2011-09-13T18:15:39Z Referred to 2011-04-04T20:53:46Z Referred to 2011-03-15T14:03:20Z hsju00 Judiciary Committee House Standing hsju08 Crime and Federal Government Surveillance Subcommittee Referred to 2011-06-01T13:17:01Z Referred to 2011-03-15T14:03:30Z hswm00 Ways and Means Committee House Standing Referred to 2011-03-15T14:03:25Z 2011-09-13 hsba19 Domestic Monetary Policy and Technology Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2011-06-01 hsju08 Crime and Federal Government Surveillance Subcommittee 1 House committee actions Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. Committee 2011-04-04 hsba19 Domestic Monetary Policy and Technology Subcommittee 1 House committee actions Referred to the Subcommittee on Domestic Monetary Policy and Technology. Committee 2011-03-15 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. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2011-03-15 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-03-15 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-03-15 Sponsor introductory remarks on measure. (CR E483-484) IntroReferral B00100 9 Library of Congress 2011-03-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-03-15 Introduced in House IntroReferral 1000 9 Library of Congress P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 N P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2012-04-27 False Finance and Financial Sector Criminal investigation, prosecution, interrogation Currency Fraud offenses and financial crimes Metals Sales and excise taxes State and local taxation Finance and Financial Sector 00 2011-03-15 Introduced in House 2011-04-25T20:32:14Z 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.

]]> Free Competition in Currency Act of 2011 Display Title Free Competition in Currency Act of 2011 Official Title as Introduced To repeal the legal tender laws, to prohibit taxation on certain coins and bullion, and to repeal superfluous sections related to coinage. Introduced in House IH Short Titles as Introduced Free Competition in Currency Act of 2011 Introduced in House 2011-03-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr1098ih/xml/BILLS-112hr1098ih.xml 2011-09-13 Subcommittee Hearings Held. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.