Sound Money Act of 1979

Summary

Sound Money Act of 1979 - Directs the Secretary of the Treasury to redeem in gold bullion or coin of nine-tenths five gold all Federal Reserve and United States notes presented for redemption on or after October 5, 1981. Establishes the rate of redemption at the ratio prevailing between dollars and nine-tenths five gold on the New York spot gold market at the close of business on October 2, 1981.

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

Timeline

1. 19 October 1979

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 19 October 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 October 1979

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 19 October 1979

  Open at official source

Sponsors

• Rep. Paul, Ron [R-TX-22] · R · Sponsor
• Rep. McDonald, Lawrence P. [D-GA-7] · D · Cosponsor
• Rep. Crane, Philip M. [R-IL-12] · R · Cosponsor
• · hsba00 · Standing

Related records

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