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United States · Bill · HR

H.R. 1098 (112th)

Free Competition in Currency Act of 2011

openUnited States· United States Congress· EN

Introduced

15 March 2011

Last action

13 September 2011 · Committee

Status

Subcommittee Hearings Held.

Sponsors

Rep. Paul, Ron [R-TX-14], Rep. Polis, Jared [D-CO-2]

Subjects

Rule of law, Taxation

Source updated

14 August 2025

Rule of law · Taxation

Official sourceDownload fileView documentsShare

Summary

Free Competition in Currency Act of 2011- 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 15 March 2011

    Introduced

    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.

    Source: IntroReferral

  2. 15 March 2011

    Introduced

    Sponsor introductory remarks on measure. (CR E483-484)

    Source: IntroReferral

  3. 15 March 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 15 March 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 4 April 2011

    Referred

    Referred to the Subcommittee on Domestic Monetary Policy and Technology.

    Source: Committee

  6. 1 June 2011

    Referred

    Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

    Source: Committee

  7. 13 September 2011

    Committee

    Subcommittee Hearings Held.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 15 March 2011

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 15 March 2011

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 15 March 2011

    Open at official source

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Sponsors

Related records

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Sources

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