,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #gg  ,,in ,,the ,,house ,,of    
,,representatives  ,january #c1 #bjac   
,mr4 ,broun of ,georgia introduced the  
following bill2 which was referred to   
the ,committee on ,financial ,services1 
and in addition to the ,committees on   
,ways and ,means and the ,judiciary1 for
 a period to be subsequently determined 
by the ,speaker1 in each case for       
consideration of such provisions as fall
 within the jurisdiction of the         
committee concerned  ,a ,,bill  ,to     
repeal the legal tender laws1 to        
prohibit taxation on certain coins and  
bullion1 and to repeal superfluous      
sections related to coinage4  #a4 ,short
 title ,this ,act may be cited as the   
,free ,competition in ,currency ,act of 
#bjac4  #b4 ,repeal of legal tender laws
  7a7 ,in ,general ,section #eajc of    
title #ca1 ,united ,states ,code        
7relating to legal tender71 is hereby   
repealed4  7b7 ,clerical ,amendment ,the
 table of sections for subchapter ,i of 

chapter #ea of title #ca1 ,united       
,states ,code1 is amended by striking   
the item relating to section #eajc and  
inserting the following new item3       
#eajc4 ,repealed4  4  #c4 ,no tax on    
certain coins and bullion  7a7 ,in      
general ,notwithstanding any other      
provision of law--  7#a7 no tax may be  
imposed on 7or with respect to the sale1
 exchange1 or other disposition of7 any 
coin1 medal1 token1 or gold1 silver1    
platinum1 palladium1 or rhodium bullion1
 whether issued by a ,state1 the ,united
 ,states1 a foreign government1 or any  
other person2 and  7#b7 no ,state may   
assess any tax or fee on any currency1  
or any other monetary instrument1 which 
is used in the transaction of interstate
 commerce or commerce with a foreign    
country1 and which is subject to the    
enjoyment of legal tender status under  
article ,i1 section #aj of the ,united  
,states ,constitution4  7b7 ,effective  
date ,this section shall take effect on 
,december #ca1 #bjac1 but shall not     

apply to taxes or fees imposed before   
such date4  #d4 ,repeal of superfluous  
sections  7a7 ,in general ,title #ah1   
,united ,states ,code1 is amended by    
striking sections #dhf 7relating to     
uttering coins of gold1 silver1 or other
 metal7 and #dhi 7making or possessing  
likeness of coins74  7b7 ,conforming    
amendment to table of sections ,the     
table of sections at the beginning of   
chapter #be of title #ah1 ,united       
,states ,code1 is amended by striking   
the items relating to the sections      
stricken by subsection 7a74  7c7        
,special rule concerning retroactive    
effect ,any prosecution under the       
sections stricken by subsection 7a7     
shall abate upon the taking effect of   
this section4 ,any previous conviction  
under those sections shall be null and  
void4