Restore Sound Money in Michigan With HB 5128 and HB 4086
Legislative Alerts
Members of the Michigan Legislature are seeking to enact HB 5128 and HB 4086, which would help restore sound money and enforce the U.S. Constitution’s monetary provisions.
Contact your state legislators
Please help enact HB 5128 and HB 4086 by contacting your state legislators. Urge them to support strong legislation that enforces the U.S. Constitution and restores sound monetary policy.
Why it Matters
Members of the Michigan Legislature are seeking to enact legislation helping restore sound money and enforce the U.S. Constitution’s monetary provisions.
House Bill No. 5128 (HB 5128) is sponsored by Representative Steve Carra (R-Three Rivers). If enacted, it would officially recognize gold and silver as legal tender and prevent recognition of a Central Bank Digital Currency — thus bringing Michigan closer to constitutional compliance and treating gold and silver as money. Furthermore, HB 5128 includes provisions that would allow non-U.S.-minted gold and silver coins to be recognized as legal tender, further weakening Fed control.
House Bill No. 4086 (HB 4086) is sponsored by Representative Alabas Farhat (D-Dearborn) and two Republican cosponsors. If enacted, HB 4086 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.
HB 5128 and HB 4086 are 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 an important step toward nullifying the unconstitutional Federal Reserve, which has a monopoly on money, and also reducing Michigan’s financial dependence on the federal government. They will also help Michigan 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 5128 and HB 4086 are a good model for other states to follow.
Urge your state representative and senator to support HB 5128 and HB 4086 and to fully restore sound money in Michigan.