Wanted to Nationalize the Financial Freedom of Texans: House of Bad Cards

Texans should run Texas.

Rep. Charlie Geren doesn't think so.

HB 1056 proposes the creation of a state-issued currency system backed by physical gold and silver. Under the authority granted by Article I, Section 10 of the U.S. Constitution, which permits states to make gold and silver coin a tender in payment of debts, the bill directs the Texas Comptroller to establish and issue both physical specie (i.e., minted coins) and a gold and silver currency system based on fractional troy ounces of these metals. This currency, represented digitally or physically, would be fully backed by precious metals held in a pooled depository account.

Completely legal and constitutional.

Geren proposed an amendment that would turn to the federal courts as the only "court of competent jurisdiction" for enactment of the bill.

Authority to implement this subchapter is contingent on a ruling by a federal court of competent jurisdiction subsequent to the enactment of this subchapter, by final and unappealable order, that it is within state authority to issue specie and issue currency as described in this subchapter. No court of the State of Texas shall be deemed to be a court of competent jurisdiction for purposes of this subsection. For the purpose of this subsection, the Supreme Court of the United States, the United States Court of the Appeals for the Fifth Circuit and United States district courts with jurisdiction in the State of Texas are federal courts of competent jurisdiction.

Do you trust the federal courts to serve the best interests of Texas?

GOP Platform Conflict: Plank 32 supports currency freedoms; Principle 7 opposes government overreach.

RV#1170: Yea 106 (R 53, D 53) - Nay 29 (R 26, D 3)
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Yea - Allen; Anchia; Ashby; Barry; Bell, C.; Bell, K.; Bernal; Bhojani; Bonnen; Bryant; Buckley; Bucy; Bumgarner; Button; Campos; Canales; Capriglione; Cole; Collier; Cook; Craddick; Cunningham; Curry; Darby; Davis, A.; Davis, Y.; Dean; DeAyala; Dorazio; Dutton; Dyson; Fairly; Flores; Frank; Gamez; Garcia Hernandez; Garcia, J.; Garcia, L.; Gates; Gerdes; Geren; Gervin-Hawkins; Gonzalez, J.; Gonzalez, M.; Goodwin; Guerra; Guillen; Harless; Harris; Harris Davila; Hefner; Hernandez; Hinojosa; Howard; Hull; Hunter; Johnson; Jones, J.; Jones, V.; King; Kitzman; LaHood; Lalani; Lambert; Leach; Leo Wilson; Longoria; Lopez, J.; Louderback; Lozano; Lujan; Manuel; Martinez; Martinez Fischer; McQueeney; Metcalf; Meza; Moody; Morales Shaw; Morales, C.; Morales, E.; Morgan; Noble; Oliverson; Ordaz; Perez, M.; Perez, V.; Phelan; Romero; Rose; Rosenthal; Schofield; Simmons; Smithee; Spiller; Tepper; Thompson; Troxclair; Turner; Villalobos; Vo; Walle; Ward Johnson; Wharton; Wu; Zweiner

Nay - Alders; Cain; Harrison; Hayes; Hickland; Hopper; Isaac; Kerwin; Little; Lowe; Luther; McLaughlin; Money; Munoz; Olcott; Paul; Pierson; Raymond; Richardson; Rodriguez Ramos; Schatzline; Schoolcraft; Shofner; Slawson; Swanson; Tinderholt; Toth; Vasut; Virdell

Absent - Bowers; Cortez; Lopez, R.; Meyer; Patterson; Plesa; Reynolds; Shaheen; VanDeaver; Wilson

Present, Not Voting - Burrows; Landgraf

Please note: the following statements by legislators do not affect the vote count that was recorded.

Terri Leo Wilson: "When Record No. 1170 was taken, I was shown voting yes. I intended to vote no." (view other statements of vote for this Rep)

(Bill summary provided in part by Texas Policy Research)