Veto Override for HB 306: Precious Metals Amendments

Call to Action!

Contact your Representatives NOW to urge them to override Governor Cox's veto of HB306 - Precious Metals Amendments.

Summary: HB 306 lets vendors to the state opt for gold or silver payments via a simple, electronic gold-backed system, selected through a transparent, competitive bid. It builds on Utah’s 2011 laws recognizing precious metals as legal tender, giving Utahns more ways to protect their money from inflation. Speaker Mike Schultz saysit’s about options to store and exchange the value of your hard work.   

What HB 306 Does:  

• Vendors can choose gold/silver payments.   

• Uses an easy electronic gold/silver backed payment system where the state sends dollars and vendors receive gold vaulted in Utah, audited, insured, and redeemable in precious metal or dollars.   

• For vendors, it’s just another payment option, for the state, it’s just as simple as adding another bank account.   

Why It Matters:  

• Helps to shield Utahns from inflation due to federal debt and overspending.   

• Protects Utahns’ earnings and savings with sound money (gold/silver), as allowed by the U.S. Constitution, Article I, Section 10.   

• Makes gold-backed payment options accessible to all, not just the wealthy.   

Talking Points to Override Governor Cox’s Veto:  

• Experts Back It: Financial experts agree—Utahns deserve payment choices. This bill just offers gold/silver as an option.   

• It’s About Choice: HB 306 gives Utahns the freedom to use sound money to protect their savings, per the U.S. Constitution.   

• Fights Inflation: With inflation soaring, gold/silver payments help Utahns keep their money’s value.   

• It Had Huge Bipartisan Support: The House voted unanimously, and the Senate had only four minority no votes—overwhelming bipartisan support shows it’s a winner.   

• Transparent, Competitive Process: This transparent, competitive bid process upholds our constitutional right to use gold/silver as money.   

CALL TO ACTION: Governor Cox vetoed HB 306 despite overwhelming bipartisan legislative support—don’t let this freedom slip away! Call your State Representative and State Senator TODAY and urge them to override the veto. If you don't know who your Representatives are click here District Map . To find your Senator click here District Map.
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Let’s give Utahns the choice to protect their money - act now!