,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #edjd  ,,in ,,the ,,house ,,of  
,,representatives  ,march #bb1 #bjah    
,mr4 ,mooney of ,west ,virginia         
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
define the dollar as a fixed weight of  
gold4  #a4 ,findings ,congress finds the
 following3 7#a7 ,the ,united ,states   
dollar has lost #cj percent of its      
purchasing power since #bjjj1 and #if   
percent of its purchasing power since   
the end of the gold standard in #aiac4  
7#b7 ,under the ,federal ,reserve's #b  
percent inflation objective1 the dollar 
loses half of its purchasing power every
 generation1 or #ce years4  7#c7        
,american families need long-term price 
stability to meet their household       
spending needs1 save money1 and plan for
 retirement4  7#d7 ,the ,federal        
,reserve policy of long-term inflation  
has made ,american manufacturing        
uncompetitive1 raising the cost of      

,united ,states manufactured goods by   
more than #dj percent since #bjjj1      
compared to less than #bj percent in    
,germany and ,france4  7#e7 ,between    
#bjjj and #bjaj1 ,united ,states        
manufacturing employment shrunk by      
one-third after holding steady for #cj  
years at nearly #bj1jjj1jjj jobs4  7#f7 
,the ,american economy needs a stable   
dollar1 fixed exchange rates1 and money 
supply controlled by the market not the 
government4  7#g7 ,the gold standard    
puts control of the money supply with   
the market instead of the ,federal      
,reserve4  7#h7 ,the gold standard means
 legal tender defined by and convertible
 into a certain quantity of gold4  7#i7 
,under the gold standard through #aiac  
the ,united ,states economy grew at an  
annual average of four percent1         
one-third larger than the growth rate   
since then and twice the level since    
#bjjj4  7#aj7 ,the international gold   
exchange standard from #aiad to #aiga   
did not provide for a ,united ,states   

dollar convertible into gold1 and       
therefore helped cause the ,great       
,depression and stagflation4  7#aa7 ,the
 ,federal ,reserve's trickle down policy
 of expanding the money supply with no  
demand for it has enriched the owners of
 financial assets but endangered the    
jobs1 wages1 and savings of blue collar 
workers4  7#ab7 ,restoring ,american    
middle-class prosperity requires change 
in monetary policy authorized to        
,congress in ,article ,i1 ,section #h1  
,clause #e of the ,constitution4  #b4   
,define the dollar in terms of gold     
,effective #cj months after the date of 
enactment of this ,act--  7#a7 the      
,secretary of the ,treasury 7in this    
,act referred to as the ,secretary7     
shall define the dollar in terms of a   
fixed weight of gold1 based on that     
day's closing market price of gold2 and 
7#b7 ,federal ,reserve ,banks shall make
 ,federal ,reserve notes exchangeable   
with gold at the statutory gold         
definition of the dollar4  #c4          

,disclosure of holding ,during the      
#cj-month period following the date of  
enactment of this ,act1 the ,united     
,states ,government shall take timely   
and reasonable steps to disclose all of 
its holdings of gold1 together with a   
contemporaneous report of any ,united   
,states governmental purchases or sales1
 thus enhancing the ability of the      
market and of market participants to    
arrive at the fixed dollar-gold parity  
in an orderly fashion4