A * designates a state considering legislation to enact a gold currency standard.
Silver and gold coins are now legal currency in Utah! On March 25, 2011 the Utah governor signed HB 713 into law. This bill, known as The Utah Sound Money Act, allows official coins issued by the US mint (such as silver eagles, gold eagles and gold buffalos) to be accepted as valid payment at their current metal value. It does not require anyone to accept the coins as payment. It also exempts the coins from capital gains taxes.
Idaho has introduced two bills allowing gold and silver to be used as money. The first is HB 622, the Idaho Constitutional Tender Act, which was introduced on March 3, 2010. This bill authorizes the use of gold and silver as legal payment of debts, both in a physical and an electronic form. "…the state shall neither compel nor require any person to recognize, receive, pay out, deliver, promise to pay or otherwise use or employ any thing but gold and silver coin, in that form or in the form of a designated electronic ounce…"
HB 633, the Idaho Silver Gem Act, was introduced on March 5, 2010. This act requires the state treasurer to sell silver bars and medallions to the public at their market price, and it requires the state to accept the bars and medallions for the payment of fees and taxes.
HB 561, titled Electronic Gold Currency, was proposed in the Missouri legislature on August 28, 2009. The bill would require that the state establish an electronic gold currency which would be legal tender for debts within the state. Certain payments by the state and to the state would be required to be made in this currency. The bill was referred to the financial institutions committee and is currently not scheduled for any action.
H 4501 was introduced in the South Carolina legislature on February 2, 2010. Under this bill South Carolina would not require anything other than gold and silver be legal tender for payment of debts.
HB 639 was introduced in the Montana legislature in 2009. This bill would have allowed gold and silver to be used as currency in that state, but did not get out of committee. Another version, HB 513, was introduced by 20 representatives and got out of committee on March 18, 2011 on an 11 to 7 vote. HB 513 would require the state to create an electronic gold currency that would be legal for payment of debts. Certain payments by the state and to the state would be required to be made in this currency.
SB 453, known as The Indiana Honest Money Act, was introduced in the Indiana General Assembly on July 1, 2009. It was written to go into effect on January 1, 2010. Under this act, the State of Indiana would no longer be able to require anything but gold or silver be used to pay debts. The act would also require the establishment of an electronic form of gold.
HB 430, known as The Constitutional Tender Act, was introduced in the Georgia legislature February 17, 2009. This bill would authorize gold and silver coin as legal tender within the state and would require debts paid to or from the state to be paid in gold or silver. It would also require banks within the state to accept gold and silver as deposits.
HB 09-1206, titled the Colorado Honest Money Act, was introduced in the Colorado legislature January, 2009. The bill would require that the state establish an electronic gold currency which would be legal tender for debts within the state. Certain payments by the state and to the state would be required to be made in this currency.
H 361 was introduced in the Vermont legislature and as of March 8, 2011 was in committee. This act would create a competing state currency to US currency, however, it would be debt based and not based in gold or silver. As a result it is arguably not constitutional, as the states are expressly forbidden from making anything but gold and silver as legal tender, and it is not included in our total count of states above.
HB 301 was introduced in the North Carolina legislature on March 9, 2011. This act would create a committee to study whether the state should create an alternative currency to that supplied by the Federal Reserve.
House Joint Memorial 4010 was introduced in the Washington State legislature January 30, 2009, and reintroduced March 15, 2010. This statement would urge the national government to abolish the Federal Reserve system and return to a gold and silver backed currency.
On February 22, 2011 a proposal was filed in the Tennessee Legislature, SJR98, to create "a special joint committee to study the feasibility of Tennessee adopting an alternative currency in the event of a breakdown of the Federal Reserve System."
HR 557 was introduced in the Virginia Legislature on January 13, 2011. This bill would commission a study of alternative currencies, including gold and silver. "…to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal Reserve System. "
HCR 13 was introduced in the New Hampshire legislature on January 9, 2011. Originally this was a resolution urging the US Congress to repeal the Federal Reserve. The acting committee revised it to merely support a comprehensive audit of the Federal Reserve, and it was "laid on the table" of the House on March 17, 2011.