What Is The Constitutional Tender Act?CLICK HERE to read the rest of this post.
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.
Friday, February 5, 2010
What Is The Constitutional Tender Act?
Great little post that succinctly describes the Constitutional Tender Act. Thank you, "Gemologist Sam"! :)