Honest Money in Maryland

The Maryland Liberty Republican Caucus is supporting Delegate Rick Impallaria in his effort to pass a resolution for honest money. The first draft of the bill is listed below.

By: Delegate Impallaria

HOUSE JOINT RESOLUTION

Federal Money and Banking

For the purpose of urging the Unites States Congress to restore honest money backed by silver and gold in accordance with the requirements of the United States Constitution, phase out Federal Reserve notes, and return to the free market banking practices that the Founding Fathers codified in the United States Constitution.

WHEREAS, There is a nationwide economic crisis that needs a speedy resolution; and

WHEREAS, Future recurrences of a similar crisis should be prevented; and

WHEREAS, Federal Reserve notes are unconstitutional, inflationary and at the heart of the present economic distress; and

WHEREAS, Free market banking practices are in the best interests of the citizens of the United States; now, therefore, be it

RESOLVED BY THE GENERAL ASSEMBLY OF MARYLAND, That the United States Congress is urged to:

(1) Restore honest money backed by silver and gold in accordance with the requirements of the United States Constitution;

(2) Phase out Federal Reserve notes; and

(3) Return to the free market banking practices that the Founding Fathers codified in the United States Constitution; and be it further

RESOLVED, That a copy of this Resolution be forwarded by the Department of Legislative Services to the Maryland Congressional Delegation: Senators Barbara A. Mikulski and Benjamin L. Cardin, Senate Office Building, Washignton, D.C. 20510; and Representatives Frank M. Kratovil, Jr., C. A. Dutch Ruppersberger III, John P. Sarbanes, Donna Edwards, Steny Hamilton Hoyer, Roscoe G. Bartlett, Elijiah E. Cummings, and Christopher Van Hollen, Jr., House Office Building, Washington, D.C. 20515.