Members of the Oklahoma Legislature are seeking to enact legislation helping restore sound money and enforce the U.S. Constitution’s monetary provisions.
Senate Bill 816 (SB 816) is sponsored by Senator Nathan Dahm (R-Tulsa). If enacted, SB 816, would create a state bullion depository, which would store precious metals — both held by the state and by private citizens.
SB 816 is a great 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, this bill is an important step toward nullifying the unconstitutional Federal Reserve, which has a monopoly on money, and also reducing Oklahoma’s financial dependence on the federal government. It will also help Oklahoma 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.” SB 816 is a good model for other states to follow.
Urge your state representative and senator to support SB 816 and to fully restore sound money in Oklahoma.
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