Restore Sound Money in New Hampshire With HB 721

Why it Matters

Members of the New Hampshire General Court are seeking to enact legislation helping restore sound money and enforce the U.S. Constitution’s monetary provisions.

House Bill 721 (HB 721) is sponsored by Representative Juliet Harvey-Bolia (R-Belknap), three other representatives, and one senator.

If enacted, HB 721 would officially recognize specie (including gold and silver) as legal tender — thus bringing New Hampshire closer to constitutional compliance and treating gold and silver as money. Furthermore, the bill would allow state and local government agencies to accept gold and silver as payment, a major step toward accepting the use of gold and silver as currency.

HB 721 is a great 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, this bill is an important step toward nullifying the unconstitutional Federal Reserve, which has a monopoly on money, and also reducing New Hampshire’s financial dependence on the federal government. It will also help New Hampshire 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 721 is an excellent model for other states to follow.

Urge your state representative and senator to support HB 721 and to fully restore sound money in New Hampshire.