There's a new push on at the Tenth Amendment Center for their model legislation to "End the Fed from the bottom up", the Constitutional Tender Act. The site is being loaded up with info, FAQs, blog posts, academic papers, State legislative tracking, and more.

The United States Constitution declares, in Article I, Section 10, "No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts". This means that no State can make something besides gold or silver a "tender in payment" (which means they cannot "make something else an offer as payment") for any debts, which would include debts owed by and to the State. However, EVERY State in the United States of America HAS made some other "Thing" an offer as payment -- they have by law declared that they will accept, and pay out, Federal Reserve Notes for any debts owed by or to them. Therefore, every State is in violation of Article I, Section 10 of the U.S. Constitution. Thus the need for the "Constitutional Tender Act" -- a bill template that can be introduced in every State legislature in the nation, returning each of them to adherence to the United States Constitution's actual legal tender provisions.

If you know State legislators who are willing to introduce this bill, and/or you're willing to help lead the efforts for a return to the Constitutional requirement for Sound Money in your State, please contact the TAC with your info.

Thank you!

Prof. William Greene

(Full disclosure: I wrote the original Constitutional Tender Act first introduced in Georgia.)