Georgia HB3 "Constitutional Tender Act"

2011-2012 Regular Session - The "Constitutional Tender Act" has been reintroduced in the Georgia House of Representatives for the 2011 Legislative Session by Rep. Bobby Franklin (R-43), a member of the Georgia House Banks & Banking Committee. It forces the State of Georgia to comply with Article 1, Section 10, Clause 1 of the United States Constitution. The Georgia state web site also listed another sponsor of the bill, Representative Jason Spencer from District 180. He was just sworn into office on January 10, 2011

The current bill number is HB 3. (This was original bill from 2009 was HB 430) Bill Greene, PhD, (http://www.constitutionaltender.com/) is the author of this Constitutional Tender Act.

While the HB3 starts out with some pretty standard language as demonstrated by these two sentences.

Line 17 "The General Assembly finds and declares that sound, constitutionally based money is essential to the livelihood of the people of this state and the stability and growth of the economy of this state and region and vitally affects the public interest."

Line 38-41 "Banks and lending institutions chartered by the state pursuant to this title, and any bank or lending institution serving as a depository for the state or any department or agency of the state, shall offer gold and silver coins minted by the United States to, and shall accept them for deposit from, the state and other customers."

The rest of the bill becomes a bit more rigid.

(50-38-3) Line 77: Pre-1965 silver coins, silver eagles, and gold eagles shall be the exclusive medium which the state shall use to make any payments whatsoever to any person or entity, whether private or governmental. Such coins shall be the exclusive medium which the state shall accept from any person or entity as payment of any obligation to the state including, without limitation, the payment of taxes; provided, however, that such coins and other forms of currency may be used in all other transactions within the state upon mutual consent of the parties of any such transaction.

(50-38-4) Line 85: Upon the effective date of this chapter, all obligations owned by and to the state shall be converted from denomination in Federal Reserve Accounting Unit Dollars to denomination in gold and silver coins pursuant to Section 50-38-3.

Never has there been a more truthful statement in the world of politics than this one which came from Chuck Donovan, candidate for U.S. Senate in Georgia, regarding HB3, "This single Bill will force the Federal Reserve from our lives thereby protecting our retirements from the ravages of inflation." *http://www.donovanforsenate.com/blog/hb3-honest-money-in-georgia/

All U.S. States now have the ability to dump the Federal Reserve´s inflationary practices in favor of sound money. Bill Greene´s Constitutional Tender Act was created to accomplish this goal. It is a template bill that can be rewritten and adjusted to fit any state´s requirements. No more will everyday working people need to see their life savings, monthly pension checks and college funds become meaningless because of federal government´s run away spending and the Fed´s inflation.

There is no longer any need to wait for Washington to "fix things", today as with HB3 the states are moving on their own.

The past several years have not been kind to Georgia´s economy and some have even called it "ground zero" for U.S. bank failures. Since the 2008 financial crisis began, 49 banks have failed across the state. Some legislators and those familiar with HB3 hope that by passing this constitutional tender act there could be a rush of new bank accounts and deposits. Those seeking sound money would move funds to Georgia thereby halting bank failures all over the state. It is believed that sound money banking will attract a wider depositor base and more funds into Georgia´s banking system.

The status history of HB3 is as follows.

Jan/24/2011 - House Second Readers

Jan/12/2011 - House First Readers

Jan/10/2011 - House Hopper

Nov/15/2010 - House Prefiled

Follow this bill as it progresses through the Georgia Legislature

http://www.legis.ga.gov/Legislation/en-US/History.aspx?Legislation=31967

The full text of this bill is available here on Scribd

http://www.scribd.com/doc/47441643

For those interested in learning more the Constitutional Tender Act, we encourage you to visit

http://www.constitutionaltender.com/

The ConTen web site also offers a sample letter for those Georgians wishing to write their representative in favor of the bill.

Bobby Franklin is a Republican from Georgia´s District 43

401 Coverdell Legislative Office Building

Atlanta, Georgia 30334

404.656.0152

bobby.franklin@house.ga.gov

Representative Franklin has been called "the conscience of the Republican Caucus" because he believes that civil government should return to its biblical and constitutionally defined role.

http://www1.legis.ga.gov/legis/2009_10/house/bios/franklinBobby/franklinBobby.htm