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Committee advances bill allowing willing buyers and sellers to transact in gold and silver
Summary
House Bill 177, authored by Rep. Steve Miller, would recognize gold and silver as legal tender between willing buyers and sellers; the committee recommended the bill be sent to the floor with a do-pass recommendation after public testimony from an Idaho Freedom Foundation policy director.
Representative Steve Miller, sponsor of House Bill 177, told the House State Affairs Committee the bill would legalize transactions in gold and silver between willing buyers and willing sellers and allow domestic precious-metal production to be used in such transactions.
"No one is compelled to receive or provide gold in any transaction," Miller said in opening remarks, describing the proposal as limited to voluntary exchanges. He said the change would permit people, entities and the State of Idaho to participate in transactions using gold or…
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