As of February 26, 2025, Citizens for Sound Money (C4SM) is actively collaborating with legislators and citizens across the nation to advance sound money legislation. Our concerted efforts are fostering a resurgence of interest in gold and silver as legal tender, aiming to restore financial stability and uphold constitutional principles.
Florida: A Multifaceted Approach to Monetary Reform
In the Sunshine State, the upcoming legislative session on March 3rd presents a pivotal opportunity for monetary reform. C4SM has been diligently working with Senate staff and bill sponsors to refine and promote key pieces of legislation:
Senate Bill 132 (SB132):
This bill proposes recognizing physical gold and silver, as well as electronic currencies fully backed by these metals, as legal tender in Florida. By eliminating state taxes on transactions involving these precious metals, SB132 aims to encourage their use in daily commerce, offering Floridians a stable alternative to fiat currency.
Senate Bill 134 (SB134):
Aims to exempt the sale of gold, silver, and platinum bullion from the state sales tax. This exemption would lower barriers for individuals and businesses to invest in and utilize precious metals, promoting financial security and diversification.
House Bill 999 (HB999):
Defines gold and silver as legal tender and prohibits their classification as taxable personal property. Additionally, it authorizes governmental entities to accept payments in gold and silver, integrating sound money into public financial transactions.
House Bill 6019 (HB6019):
Proposes the repeal of the state estate tax, potentially impacting the taxation of precious metals within estates and promoting generational wealth preservation.
The enactment of these bills would not only align Florida with constitutional monetary standards but also empower its citizens with robust financial options amidst economic uncertainties.
Missouri: Legislative Efforts and Challenges
In the Show-Me State, C4SM is closely monitoring several legislative proposals aimed at advancing sound money principles:
House Bill 433 (HB433):
Sponsored by Rep. Bill Hardwick, this bill seeks to modify standards for the storage and use of gold and silver, potentially recognizing them as legal tender within the state.
House Bill 630 (HB630):
Introduced by Rep. Michael Davis, this legislation, known as “The Constitutional Money Act,” aims to regulate the treatment and use of gold and silver in Missouri.
Senate Bill 25 (SB25):
Filed by Sen. Mike Moon, this bill proposes the recognition of gold and silver as legal tender and the elimination of state capital gains taxes on both.
Senate Bill 194 (SB194):
Introduced by Sen. Rick Brattin, this legislation seeks to create and modify provisions relating to legal tender.
While the House bills have recently undergone public hearings in the Government Efficiency Committee, the Senate bills face delays in the Insurance and Banking Committee. C4SM is actively engaging with supporters to apply pressure and encourage legislative progress, aiming to position Missouri as a leader in monetary reform and provide its residents with alternatives to the federal reserve system.
New Hampshire: Amplifying Support Through Testimony
In the Granite State, C4SM is championing House Bill 721 (HB721), introduced by Rep. Juliet Harvey-Bolia, which seeks to officially recognize gold and silver as legal tender. Our Executive Director, Daniel Diaz, has submitted compelling written testimony to the committee, underscoring the bill’s importance in promoting economic resilience and individual financial freedom. This collaborative effort aims to secure a significant legislative victory for sound money advocates in the Northeast.
Montana: Expert Advocacy Fuels Legislative Success
Montana’s House Bill 382 (HB382), aiming to recognize gold and silver as legal tender and eliminate taxes on their sale, has achieved a significant milestone. Daniel Diaz provided expert testimony during the committee hearing, offering valuable insights that contributed to the bill’s successful passage through the committee. This accomplishment propels the legislation closer to full House consideration, marking a triumph for sound money proponents in the region.
Wyoming: Leading the Charge with Enacted Legislation
Wyoming continues to set a precedent in sound money legislation with the successful enactment of Senate File 96 (SF96), introduced by Sen. Bob Ide. This visionary law mandates the state treasurer to allocate a minimum of $10 million in gold and silver within the Permanent Wyoming Mineral Trust Fund. The enactment of SF96 signifies Wyoming’s proactive approach to financial security and sovereignty, serving as a model for other states.
Utah: Advancing Sound Money Legislation
In Utah, House Bill 306 (HB306), introduced by Rep. Ken Ivory, proposes the establishment of a gold and silver-backed transactional currency for state payments, creating a framework for individuals and businesses to transact using precious metals. As of February 26, 2025, HB306 has passed the House and is currently under consideration by the Senate Revenue and Taxation Committee. A hearing is scheduled for today at 9:00 am in Room 30 of the House Building. If enacted, this legislation would position Utah as a leader in integrating sound money principles into daily commerce.
Implications of the Sound Money Movement
The resurgence of sound money legislation across these states reflects a growing desire to return to constitutional principles and reduce reliance on centralized financial systems. By recognizing gold and silver as legal tender, states empower their citizens with stable monetary alternatives, protect against inflation, and assert their sovereignty in economic affairs. This movement challenges the monopoly of fiat currency and promotes a diversified, resilient economy grounded in tangible assets.
Call to Action
As momentum builds, C4SM encourages citizens to engage with and support these legislative efforts. Visit our Legislative Action Page to stay informed about sound money initiatives in your state and discover how you can contribute to the restoration of constitutional currency. Together, we can forge a path toward financial sovereignty and economic stability.
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Citizens for Sound Money
Our mission extends beyond merely promoting sound money. We strive to influence policies across all government levels, advocate for fair trading practices for sound money-related assets, and educate individuals about the significance of sound money. Our mission is about the impact we aspire to create – a world where sound money principles are standard, not an exception.