The Alaska House has passed House Bill 3, which reaffirms the state’s recognition that gold and silver can be used as legal tender for debt payment. The bill aligns with the U.S. Constitution and supports the use of gold and silver specie as legal tender.

 Bill sponsor, Rep. Kevin McCabe (R-Big Lake) said his bill would help preserve the economic security, safety, health, and welfare of Alaskans.

“HB 3 is a critical step in securing our state’s economic future and protecting the rights of our citizens under the Ninth and Tenth Amendments to the U.S. Constitution,” he added.

The legislation essentially reinforces the right to use gold or silver in dept payment so long as the merchant agrees. The bill now heads to the Alaska Senate.

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Alaska House passes bill reaffirming the right to use gold or silver as legal tender

Joel Davidson
Joel is Editor-in-Chief of the Alaska Watchman. Joel is an award winning journalist and has been reporting for over 24 years, He is a proud father of 8 children, and lives in Palmer, Alaska.