S.19.3-10: Legal Tender Act of 2019 (Tabled)

[President Punxsutawney Phil]

Legal Tender Act of 2019
 To recognize Gold and Silver as legal tender and eliminate the taxes on both metals
Southern Chamber of Delegates
The Bill
Following the next fiscal year, the sales tax on gold and silver will be eliminated. Effective immediately, gold and silver will be recognized as legal tender and accepted as a form of financial transaction.
Section 1: Short Title
 The act will be titled “Legal Tender Act of 2019”
Section 2: Findings
 The Chamber of Delegates find the following:
(1) Gold and Silver have traditionally been accepted as money
(2) Gold and Silver hold their value over time
(3) Both federal and regional governments have taxed a traditional form of currency
(4) Upholding gold and silver specie as legal tender will ease the burden on precious metal investors
Section 3: Rule of Construction
 Imagine a going to a local store and being taxed for breaking a $50 bill. You are effectively being taxed for exchanging one note for another. This is exactly what is happening with precious metals. Gold and Silver are considered mediums of exchange. Atlasia Reserve Notes are also mediums of exchange. It’s unproductive and only hurts those with different forms of exchange
Section 4: Reform
(1) Officially define Gold and Silver as mediums of exchange
(2) Remove all taxes applied on both metals when exchanged for Atlasia Reserve Notes
(3) All specie having gold or silver content will be defined as mediums of exchange
(4) Any legal tender defined as a medium of exchange will be weighed and tested for its purity

Sponsor: DeadPrez

[Saint Milei]

Are there any objections to this?

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Are there any objections to this?

Delegate DeadPrez, perhaps you can elaborate on your reasons for this bill. I'm not sure that the Feds would take kindly to the South recognizing Gold and Silver as legal tender. Considering how outraged non Southerners are at the moment and are chucking a wobbly over the New Southern Flag. I fear this could be seen by more than few as usurping authority over what counts as legal tender.

[AustralianSwingVoter]

How the hell does a regional government have any power to decide what is and is not legal tender?

[Saint Milei]

How the hell does a regional government have any power to decide what is and is not legal tender?

Technically gold and silver have been considered legal tender in atlasia since it's creation. This just allows southerners to use it more loosely

[AustralianSwingVoter]

How the hell does a regional government have any power to decide what is and is not legal tender?

Technically gold and silver have been considered legal tender in atlasia since it's creation. This just allows southerners to use it more loosely

Atlasian Constitution, Article II, Section 3:

5. No Region shall lay any duty of tonnage, nor grant any title of nobility, nor maintain armed forces in times of peace, nor issue, coin, or recognize as legal tender any currency but that of the Republic of Atlasia.

The Currency of Atlasia Act (F.L. 9-4)

Section I. Purpose
1. The purpose of "The Currency of Atlasia Act" is to establish an official currency for the Republic of Atlasia.

Section II. Coins of Atlasia
1. The Republic of Atlasia's coins shall include and be worth the following with respect to the Atlasian Dollar:
...
Section III. Dollars of Atlasia
1. The Republic of Atlasia's dollar bills shall include the following:
...
2. The dollar bills shall be made out of polymer.

Section IV. The Beginning
1. "The Currency of Atlasia Act" shall officially go into effect on August 1, 2017.
2. Current dollar bills shall remain legal tender until August 1, 2019.

Section V. The Bureau of Engraving and Printing
1. The Bureau of Engraving and Printing is allowed to add or subtract denominations for inflation

Section VI. Currency Exchange
1. After August 1, 2019, all legal tender minted before said date shall be able to be exchanged for its equivalent legal tender minted after said date at bureaux de change.

[Saint Milei]

How the hell does a regional government have any power to decide what is and is not legal tender?

Technically gold and silver have been considered legal tender in atlasia since it's creation. This just allows southerners to use it more loosely

Atlasian Constitution, Article II, Section 3:

5. No Region shall lay any duty of tonnage, nor grant any title of nobility, nor maintain armed forces in times of peace, nor issue, coin, or recognize as legal tender any currency but that of the Republic of Atlasia.

The Currency of Atlasia Act (F.L. 9-4)

Section I. Purpose
1. The purpose of "The Currency of Atlasia Act" is to establish an official currency for the Republic of Atlasia.

Section II. Coins of Atlasia
1. The Republic of Atlasia's coins shall include and be worth the following with respect to the Atlasian Dollar:
...
Section III. Dollars of Atlasia
1. The Republic of Atlasia's dollar bills shall include the following:
...
2. The dollar bills shall be made out of polymer.

Section IV. The Beginning
1. "The Currency of Atlasia Act" shall officially go into effect on August 1, 2017.
2. Current dollar bills shall remain legal tender until August 1, 2019.

Section V. The Bureau of Engraving and Printing
1. The Bureau of Engraving and Printing is allowed to add or subtract denominations for inflation

Section VI. Currency Exchange
1. After August 1, 2019, all legal tender minted before said date shall be able to be exchanged for its equivalent legal tender minted after said date at bureaux de change.

are gold and silver not legal tender?

[AustralianSwingVoter]

How the hell does a regional government have any power to decide what is and is not legal tender?

Technically gold and silver have been considered legal tender in atlasia since it's creation. This just allows southerners to use it more loosely

Atlasian Constitution, Article II, Section 3:

5. No Region shall lay any duty of tonnage, nor grant any title of nobility, nor maintain armed forces in times of peace, nor issue, coin, or recognize as legal tender any currency but that of the Republic of Atlasia.

The Currency of Atlasia Act (F.L. 9-4)

Section I. Purpose
1. The purpose of "The Currency of Atlasia Act" is to establish an official currency for the Republic of Atlasia.

Section II. Coins of Atlasia
1. The Republic of Atlasia's coins shall include and be worth the following with respect to the Atlasian Dollar:
...
Section III. Dollars of Atlasia
1. The Republic of Atlasia's dollar bills shall include the following:
...
2. The dollar bills shall be made out of polymer.

Section IV. The Beginning
1. "The Currency of Atlasia Act" shall officially go into effect on August 1, 2017.
2. Current dollar bills shall remain legal tender until August 1, 2019.

Section V. The Bureau of Engraving and Printing
1. The Bureau of Engraving and Printing is allowed to add or subtract denominations for inflation

Section VI. Currency Exchange
1. After August 1, 2019, all legal tender minted before said date shall be able to be exchanged for its equivalent legal tender minted after said date at bureaux de change.

are gold and silver not legal tender?

Not in Atlasia, no.

[Unconditional Surrender Truman]

Yeah, I'm going to need to see a more compelling argument unless y'all want to be sued.

[Saint Milei]

How the hell does a regional government have any power to decide what is and is not legal tender?

Technically gold and silver have been considered legal tender in atlasia since it's creation. This just allows southerners to use it more loosely

Atlasian Constitution, Article II, Section 3:

5. No Region shall lay any duty of tonnage, nor grant any title of nobility, nor maintain armed forces in times of peace, nor issue, coin, or recognize as legal tender any currency but that of the Republic of Atlasia.

The Currency of Atlasia Act (F.L. 9-4)

Section I. Purpose
1. The purpose of "The Currency of Atlasia Act" is to establish an official currency for the Republic of Atlasia.

Section II. Coins of Atlasia
1. The Republic of Atlasia's coins shall include and be worth the following with respect to the Atlasian Dollar:
...
Section III. Dollars of Atlasia
1. The Republic of Atlasia's dollar bills shall include the following:
...
2. The dollar bills shall be made out of polymer.

Section IV. The Beginning
1. "The Currency of Atlasia Act" shall officially go into effect on August 1, 2017.
2. Current dollar bills shall remain legal tender until August 1, 2019.

Section V. The Bureau of Engraving and Printing
1. The Bureau of Engraving and Printing is allowed to add or subtract denominations for inflation

Section VI. Currency Exchange
1. After August 1, 2019, all legal tender minted before said date shall be able to be exchanged for its equivalent legal tender minted after said date at bureaux de change.

are gold and silver not legal tender?

Not in Atlasia, no.

then what is legal tender defined as in atlasia

[AustralianSwingVoter]

How the hell does a regional government have any power to decide what is and is not legal tender?

Technically gold and silver have been considered legal tender in atlasia since it's creation. This just allows southerners to use it more loosely

Atlasian Constitution, Article II, Section 3:

5. No Region shall lay any duty of tonnage, nor grant any title of nobility, nor maintain armed forces in times of peace, nor issue, coin, or recognize as legal tender any currency but that of the Republic of Atlasia.

The Currency of Atlasia Act (F.L. 9-4)

Section I. Purpose
1. The purpose of "The Currency of Atlasia Act" is to establish an official currency for the Republic of Atlasia.
Section II. Coins of Atlasia
1. The Republic of Atlasia's coins shall include and be worth the following with respect to the Atlasian Dollar:
...
Section III. Dollars of Atlasia
1. The Republic of Atlasia's dollar bills shall include the following:
...
2. The dollar bills shall be made out of polymer.
Section IV. The Beginning
1. "The Currency of Atlasia Act" shall officially go into effect on August 1, 2017.
2. Current dollar bills shall remain legal tender until August 1, 2019.
Section V. The Bureau of Engraving and Printing
1. The Bureau of Engraving and Printing is allowed to add or subtract denominations for inflation
Section VI. Currency Exchange
1. After August 1, 2019, all legal tender minted before said date shall be able to be exchanged for its equivalent legal tender minted after said date at bureaux de change.

are gold and silver not legal tender?

Not in Atlasia, no.

then what is legal tender defined as in atlasia

I literally put it in my post:
Atlasian Constitution, Article II, Section 3:

5. No Region shall lay any duty of tonnage, nor grant any title of nobility, nor maintain armed forces in times of peace, nor issue, coin, or recognize as legal tender any currency but that of the Republic of Atlasia.

which is set out in The Currency of Atlasia Act (F.L. 9-4)

[Saint Milei]

I see the problem. I made a few assumptions about the game. Didnt realize that terrible currency bill was put into play.

[Former President tack50]

I see the problem. I made a few assumptions about the game. Didnt realize that terrible currency bill was put into play.

Even in RL I am pretty sure that would be unconstitutional if done by a state?

[Saint Milei]

I see the problem. I made a few assumptions about the game. Didnt realize that terrible currency bill was put into play.

Even in RL I am pretty sure that would be unconstitutional if done by a state?

No.

https://en.wikipedia.org/wiki/Utah_Legal_Tender_Act
https://gsiexchange.com/states-gold-silver-become-legal-tender/

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

I Motion to table. 24 hours for objections.

[President Punxsutawney Phil]

no objection.

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

As there have been no objections voting is now open for:
S.19.3-10: Legal Tender Act of 2019, vote to table.

Ring the bells. (Delegates will be DM'd)

Voting will last 48 hours or until all Delegates have voted which ever come first.

Voting Options are:
[   ] Aye
[   ] Nay
[   ] Abstain

[#TheShadowyAbyss]

Aye

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Aye

[Elcaspar]

Aye

[reagente]

aye

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Voting is Closed

S.19.3-10: Legal Tender Act of 2019, has been tabled.

Vote Tally:
[ 4 ] Aye
[ 0 ] Nay
[ 0 ] Abstain
[ 3 ] Absent (TimTurner, DeadPrez, John Henry Eden)