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.
