Members of the Iowa General Assembly are seeking to enact legislation to help restore sound money.
Meanwhile, Senate File 112 (SF 112) is sponsored by Senator Kevin Alons and 15 other senators. If enacted, SF 112 would create a state-issued gold or silver transactional currency, as well as a bullion depository. Furthermore, the bill would authorize this currency as legal tender — a major step toward nullifying the Federal Reserve’s monopoly on currency and enforce Article I, Section 10 of the U.S. Constitution.
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 a great first step toward nullifying the unconstitutional Federal Reserve, which has a monopoly on money.
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.” SF 112 is a great step toward doing this on the topic of monetary policy.
Urge your state representative and senator to support SF 112, and to fully restore sound money in Iowa.
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