Friday, February 5, 2010

What Is The Constitutional Tender Act?

Great little post that succinctly describes the Constitutional Tender Act. Thank you, "Gemologist Sam"! :)
What Is The Constitutional Tender Act?

The U.S. economy is having big problems. This is not news! But some legislators in Georgia think they have a solution to the problem. While it would only impact their State, their hope is that if the bill passes they will set a good example for other states as well as the Federal Government.

The Constitutional Tender Act is Georgia House Bill (HB) 430. It was introduced by Representative Bobby Franklin (R-43) in 2009. He points out that the United States Constitution declares (Article I, Section 10) that “No State shall…make any thing but gold and silver coin a tender in payment of debts.” However this is no longer the case.
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