Urges Congress to authorize Treasury Trust Bonds backed by gold reserves and eliminate federal capital gains tax on gold and silver.

This bill urges Congress, the President, and the Secretary of the Treasury to authorize Treasury Trust Bonds backed by a portion of the nation's gold reserves. It seeks to eliminate federal capital gains tax on gold and silver used as legal tender, aligning them with Federal Reserve notes. The bill aims to strengthen fiscal discipline, diversify Treasury demand, and enhance global confidence in the U.S. dollar. It also calls for reaffirming the constitutional mandate that states use only gold and silver as legal tender.

Urges Congress to authorize Treasury Trust Bonds backed by gold reserves and eliminate federal capital gains tax on gold and silver.

This bill urges Congress, the President, and the Secretary of the Treasury to authorize Treasury Trust Bonds backed by a portion of the nation's gold reserves. It seeks to eliminate federal capital gains tax on gold and silver used as legal tender, aligning them with Federal Reserve notes. The bill aims to strengthen fiscal discipline, diversify Treasury demand, and enhance global confidence in the U.S. dollar. It also calls for reaffirming the constitutional mandate that states use only gold and silver as legal tender.