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Home News Indiana News SB453 - The Indiana Honest Money Act
SB453 - The Indiana Honest Money Act Print E-mail
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News - Indiana
Written by Jerry Titus   
Wednesday, 14 January 2009 20:26

PRESS RELEASE
For Immediate Distribution, January 14th, 2009.

 

The Committee for Indiana Honest Money is happy to announce that their
proposed legislation, "The Indiana Honest Money Act", has been
introduced to the Indiana General Assembly today. The bill was
submitted by Senator Greg Walker of District 41, (R-Columbus), and
has been assigned to the Senate Tax and Fiscal Committee for
reading, review and consideration. The bill as submitted is Senate
Bill 453 (SB453), and specifically adds:

"ARTICLE (4-) 8.3. GOLD AND
SILVER COIN AND ELECTRONIC CURRENCY". Senator Walker
can be contacted via his Legislative Assistant , Dana Carter, at 317-232-9984 or 800-382-9467

The bill and its status can be found at:

http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2009&session=1&request=getBill&docno=453

SB453, the Indiana Honest Money Act (IHMA), is based on model
legislation authored by Dr. Edwin Vieira of Virginia, and is the model
for New Hampshire's "Gold Money bill" - http://www.goldmoneybill.org/
Dr. Vieira's writings on the subject can be found at:

http://newswithviews.com/Vieira/edwinA.htm

SB453 reintroduces gold and silver as a medium of currency,
establishes criteria for species exchange, species vault and
digital/electronic currency providers; and jumpstarts the process by
requiring the State to collect tobacco taxes and revenues in digital
gold currency, and to make available digital gold currency as a
payment option both to and from the state.


The bill marries the time proven security and economic independence of
gold and silver with modern banking technology, providing ready access
to a competing currency that protects from inflation and guarantees
economic liberty. The digital currency industry is a rapidly growing
industry that is international in scope, providing a 'non-fractional'
sound money solution for those seeking an alternative to fiat
currencies. See the Wikipedia article "electronic money":
http://en.wikipedia.org/wiki/Electronic_money for more information.


We would like to thank Senator Walker for introducing the bill; Dr.
Edwin Vieira, New Hampshire Representative Henry McElroy and Harvey
Wharfield for their tireless efforts in New Hampshire blazing the
trail for a return to sound, honest money. Please take the time to either call
Senator Walker, or drop him a line thanking him for his crucial role in
the quest for sound money. Senator Walker can be reached Senator Walker
can be contacted via his Legislative Assistant , Dana Carter, at 317-232-9984
or 800-382-9467. Or his webpage: http://www.in.gov/s41/

While this is but one small step in the battle to return to sound,
honest money, we are very pleased and ask that you please visit our
site for more information on the bill, honest money, and ways in
which you can help us champion and forward the fight for economic
independence and personal economic liberty through sound, honest
money.


In liberty,

The Committee for Indiana Honest Money
http://IndianaHonestMoney.com