Free Competition in Currency Act of 2011
Latest action · Sep 13, 2011 Subcommittee Hearings Held.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 15, 2011
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Apr 27, 2012.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CO | Jared Polis | Apr 27, 2012 |
Committees 3
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Mar 15, 2011 |
| Domestic Monetary Policy and Technology Subcommittee | Referred Apr 4, 2011Hearings Sep 13, 2011 | |
| House | Ways and Means Committee | Referred Mar 15, 2011 |
| House | Judiciary Committee | Referred Mar 15, 2011 |
| Crime and Federal Government Surveillance Subcommittee | Referred Jun 1, 2011 |
Actions 6
Everything that happened, newest first.
- Sep 13, 2011Subcommittee Hearings Held.
- Jun 1, 2011Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
- Apr 4, 2011Referred to the Subcommittee on Domestic Monetary Policy and Technology.
- Mar 15, 2011Introduced in House
- Mar 15, 2011Sponsor introductory remarks on measure. (CR E483-484)
- Mar 15, 2011Referred 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.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H1843.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 112-59 | ROAD MAP TO SOUND MONEY: A LEGISLATIVE HEARING ON H.R. 1098 AND RESTORING THE DOLLAR105 pages | Financial Services Committee | Sep 13, 2011 |
Titles 2
Every title it has carried, official and short, at each stage.
- 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.
- Short Titles as Introduced
- Free Competition in Currency Act of 2011
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Mar 15, 2011Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
