URGENT: The Alaska Senate State Affairs Committee passed sound-money bill HB 3, sending it to the Senate Finance Committee for consideration. HB 3 has already passed the Alaska House of Representatives, so if it passes the Senate, it will be fully enacted. Please contact your state senators, and urge them to support HB 3.
Members of the Alaska Legislature are seeking to enact legislation helping restore sound money and enforce the U.S. Constitution’s monetary provisions.
House Bill No. 3 (HB 3) is sponsored by Representative Kevin McCabe (R- Big Lake) and cosponsored by Representatives George Rauscher (R-Sutton) and DeLena Johnson (R-Palmer). On May 11, 2023, the Alaska House passed HB 3.
If enacted, HB 3 would officially recognize gold and silver coins as legal tender and eliminate local sales taxes on gold and silver — thus bringing Alaska closer to constitutional compliance and treating gold and silver as money.
HB 3 is a good first step toward enforcing the Constitution’s monetary provisions. Article I, Section 10, of the U.S. Constitution plainly states that “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” It’s long overdue that states begin to enforce this provision once again.
Additionally, these bills are important steps toward nullifying the unconstitutional Federal Reserve, which has a monopoly on money, and also reducing Alaska’s financial dependence on the federal government. It will also help Alaska avoid the federal government’s planned “Central Bank Digital Currencies,” which severely threaten privacy and individual freedom.
Article VI of the U.S. Constitution obligates state officials to uphold the Constitution and nullify all laws not “made in Pursuance” of it. Officials at all levels of government must push back against the federal government’s many unconstitutional laws and agencies, and robustly enforce the Constitution and only those laws “made in Pursuance thereof.” HB 3 is an excellent model for other states to follow.
Urge your state representative and senator to support HB 3 and to fully restore sound money in Alaska.
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