Rep. Richard Hudson Co-Sponsors Stop the Coin Act

Rep. Richard Hudson Co-Sponsors Stop the Coin Act

Says now is the time to get serious about the spending crisis

WASHINGTON — Congressman Richard Hudson (R-NC) today joined forces with Rep. Greg Walden and 13 others to close the trillion dollar platinum coin loophole so that Washington can get serious about our massive spending crisis.

“When is Washington going to wake up from their delusional spending-spree dream to realize the nightmare we have on our hands?” said Hudson. “Folks in my District desperately need us to do our jobs up here and the Democrats still don’t seem to understand how serious our debt is to the insolvency of our nation.”

Stop the Coin Act will remove the Secretary’s authority to issue a coin of platinum or any other material with a face value greater than $200, thus ending speculation about the trillion dollar coin gimmick. Click here for the full text of the bill.

On January 12, the Treasury Department finally ruled out using the coin gimmick to get around the debt ceiling.

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