April 6, 2023 | H.R. 2435, the “Gold Standard Restoration Act,” was introduced in Congress by West Virginia Representative Alex Mooney and Arizona Representatives Andy Biggs and Paul Gosar.
Rep Mooney said that the return to a gold standard would help to stabilize the value of the dollar and “protect against Washington’s irresponsible spending habits and the creation of money out of thin air.”
Once passed, H.R. 2435 would require the U.S. Treasury and the Federal Reserve to publicly disclose all gold holdings and gold transactions. The Federal Reserve note “dollar” would then be repegged to a fixed weight of gold.
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