URGENT: The Oklahoma House of Representatives passed sound-money bill HB 3027 by an 81-10 vote. This important bill, would takes a major step toward adhering to the U.S. Constitution’s monetary provisions, now heads to the state Senate for consideration. Please contact your state senator, and urge him or her to support HB 3027, and contact both your representative and senator in favor of the other sound-money bills that have been introduced.
Members of the Oklahoma Legislature are seeking to enact legislation helping restore sound money and enforce the U.S. Constitution’s monetary provisions.
Senate Bill 816 (SB 816) and Senate Bill 1351 (SB 1351) are respectively sponsored by Senators Nathan Dahm (R-Tulsa) and David Bullard (R-Durant). If enacted, they would create a state bullion depository, which would store precious metals — both held by the state and by private citizens.
Additionally, Senate Bill 1507 (SB 1507) and House Bill 3027 (HB 3027), respectively sponsored by Senator Shane Jett (R-Tecumseh) and Representative Cody Maynard (R-Durant), would abolish capital-gains taxes on gold and silver and clarify the legal definition of precious metals as legal tender, making it easier to use gold and silver as currency in Oklahoma. (In February 2024, HB 3027 was passed out of committee.)
Senate Bill 2030 (SB 2030), sponsored by Senator Dusty Deevers (R-Elgin), would require the Oklahoma state treasurer to work to allow Oklahoma residents to use Texas’ bullion depository.
These bills are great steps 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 Oklahoma’s financial dependence on the federal government. It will also help Oklahoma 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 816, SB 1351, HB 3027, SB 1507, and SB 2030 are great models for other states to follow.
Urge your state representative and senator to support SB 816, SB 1351, HB 3027, SB 1507, and SB 2030, and to fully restore sound money in Oklahoma.
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