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H.R.77: Free Competition in Currency Act of 2013

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Paul Broun, R-Ga.
Total Cosponsors 1 (All Republicans)
Introduced Jan. 3, 2013
Latest Major Action Jan. 25, 2013
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Free Competition in Currency Act of 2013 - 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.

(Source: Congressional Research Service)

Bill Actions

Date Description
Jan. 25, 2013 Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Jan. 3, 2013 Referred to House Judiciary
Jan. 3, 2013 Referred to House Ways and Means
Jan. 3, 2013 Referred to House Financial Services