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H.R. 77

Free Competition in Currency Act of 2013

Free Competition in Currency Act of 2013 - Repeals the federal law establishing U.S. coins, currency, and reserve notes as legal tender for all debts, public charges, taxes, and dues.

Prohibits any tax on any coin, medal, token, or gold, silver, platinum, palladium, or rhodium bullion issued by a state, the United States, a foreign government, or any other person. Prohibits states from assessing any tax or fee on any currency or other monetary instrument that is used in interstate or foreign commerce and that has legal tender status under the Constitution.

Repeals provisions of the federal criminal code relating to uttering coins of gold, silver, or other metal for use as current money and making or possessing likenesses of such coins. Abates any current prosecution under such provisions and nullifies any previous convictions.

Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Rep. Broun, Paul C. [R-GA-10](R-GA)Sponsor
1 cosponsor1 R
1cosponsors3committees6actions6subjects
  • Introduced in HouseJan 3, 2013
  1. Committee

    Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

  2. IntroReferralH11100

    Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  3. IntroReferralH11100

    Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  4. IntroReferralH11100

    Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  5. IntroReferralIntro-H

    Introduced in House

  6. IntroReferral1000

    Introduced in House

Free Competition in Currency Act of 2013 — Informed