Restore Sound Money in Alaska with HB 3

Alert Summary

Members of the Alaska Legislature are seeking to enact HB 3, which would help restore sound money and enforce the U.S. Constitution’s monetary provisions.

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Members of the Alaska Legislature are seeking to enact legislation helping restore sound money and enforce the U.S. Constitution’s monetary provisions.

House Bill No. 3 (HB 3) is sponsored by Representative Kevin McCabe (R- Big Lake) and cosponsored by Representatives George Rauscher (R-Sutton) and DeLena Johnson (R-Palmer). On May 11, the Alaska House passed HB 3.

If enacted, HB 3 would officially recognize gold and silver coins as legal tender and eliminate local sales taxes on gold and silver — thus bringing Alaska closer to constitutional compliance and treating gold and silver as money.

HB 3 is a good first step toward enforcing the Constitution’s monetary provisions. Article I, Section 10, of the U.S. Constitution plainly states that “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” It’s long overdue that states begin to enforce this provision once again.

Additionally, these bills are important steps toward nullifying the unconstitutional Federal Reserve, which has a monopoly on money, and also reducing Alaska’s financial dependence on the federal government. It will also help Alaska avoid the federal government’s planned “Central Bank Digital Currencies,” which severely threaten privacy and individual freedom.

Article VI of the U.S. Constitution obligates state officials to uphold the Constitution and nullify all laws not “made in Pursuance” of it. Officials at all levels of government must push back against the federal government’s many unconstitutional laws and agencies, and robustly enforce the Constitution and only those laws “made in Pursuance thereof.” HB 3 is an excellent model for other states to follow.

Urge your state representative and senator to support HB 3 and to fully restore sound money in Alaska.

Although we provide a way to easily email legislators, we know from long experience that it takes a lot more interaction with your legislators to get your point across than that provided by emails alone.

That's why we provide an easy way not only to email them, but to contact them by phone, tweet, and even video message them.

Contact your state legislators

Please help enact HB 3 by contacting your state legislators. Urge them to support strong legislation that enforces the U.S. Constitution and restores sound monetary policy.

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