Article: Ron Paul’s Free Competition in Currency ActSubmitted by Temporalist on Tue, 01/08/2013 - 05:45
Ron Paul’s Free Competition in Currency Act Lives On
January 7, 2013 By Michael Zielinski
"Rep. Paul Broun Jr. of Georgia has introduced the "Free Competition in Currency Act of 2013" in the 113th Congress. This bill contains the same provisions as bills previously introduced by former Congressman Ron Paul, which seek to repeal legal tender laws and prohibit taxation on certain coins and bullion.
The newly introduced bill H.R. 77 seeks to repeal Section 5103 or title 31, which states "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts." This would be replaced by "5103. [Repealed].""
"In a statement included in a press release, Rep. Broun indicated his desire "to pick up right where Congressman Paul left off.""