Vote Smart's Synopsis:

Vote to pass a bill that establishes regulations for gold and silver coinage in Missouri.

Highlights:

• Establishes the Constitutional Money Act (Sec. 1). 

• Specifies that specie and electronic currency shall be accepted as payment for all private debts and transactions in Missouri (Sec. 1). 

• Requires that the director of the department of revenue shall promulgate rules on the methods of acceptance of specie legal tender as payment for any debt, tax, fee, or obligation owed (Sec. 1). 

• Specifies that no currency shall be required explicitly unless specified by contract (Sec. 1). 

• Specifies that the state shall not cease any legal tender or electronic currently specifically owed to a person (Sec. 1). 

• Defines terms related to currency (Sec. 1).

Full Bill Text