Members of the Wyoming Legislature are seeking to enact legislation helping to fully restore sound money and enforce the U.S. Constitution’s monetary provisions.
Senate File No. SF0096 (SF 96), titled the “Wyoming Gold Act,” is sponsored by Senator Bob Ide (R-Casper). If enacted, this bill would require the state treasurer to hold at least $10 million “in specie and specie legal tender between and across all state managed accounts for the purpose of diversifying the state’s investment portfolio, preserving capital and insuring against inflation, debt defaults and other risks.”
The bill would also require the treasurer to conduct a study “analyzing the role of precious metals in augmenting, stabilizing and ensuring the economic security and prosperity of the state and the families, residents and businesses of the state,” as well as reviewing “methods for the state to begin accepting gold and silver as a payment medium.”
SF 96 is a great 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 Wyoming’s financial dependence on the federal government. It will also help Wyoming 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.” SF 96 is a great model for other states to follow.
Urge your state representative and senator to support SF 96 and to fully restore sound money in Wyoming.
Although we provide a way to easily email legislators, we know from long experience that it takes a lot more interaction with your legislators to get your point across than that provided by emails alone.
That's why we provide an easy way not only to email them, but to contact them by phone, tweet, and even video message them.
