Restore Sound Money in Arizona With SB 1096

Why it Matters

URGENT: The Arizona Senate passed SB 1096 by a 17-12 vote. This important bill now heads to the House for consideration. Urge your state representatives to support SB 1095.

Members of the Arizona State Legislature are seeking to enact legislation helping restore sound money and enforce the U.S. Constitution’s monetary provisions.

Senate Bill 1096 (SB 1096) is sponsored by Senator Jake Hoffman (R-Queen Creek) and Representative Rachel Keshel (R-Tucson). If enacted, it would create a state bullion depository and a specie-backed transactional currency. Furthermore, the bill would authorize this currency as legal tender — a major step toward nullifying the Federal Reserve’s unconstitutional monopoly on currency and enforce Article I, Section 10 of the U.S. Constitution.

SB 1096 is a good 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, this bill is an important step toward nullifying the unconstitutional Federal Reserve, which has a monopoly on money, and also reducing Arizona’s financial dependence on the federal government. It will also help Arizona 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.” SB 1096 is a good model for other states to follow.

Urge your state representatives to support SB 1096 and to fully restore sound money in Arizona.