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Signed as Law: Alabama Takes Small Step Against a Potential CBDC

Signed as Law: Alabama Takes Small Step Against a Potential CBDC

by Mike Maharrey | Jun 20, 2023 | Federal Reserve, State Bills

MONTGOMERY, Ala. (June 20, 2023) – Last week, Alabama Governor Kay Ivey signed a bill into law that takes a small step toward pushing back against any potential future central bank digital currency (CBDC). Sen. Dan Roberts sponsored Senate Bill 330 (SB330). The...
Alabama Bill Would Ban Use of a CBDC as Money in the State

Alabama Bill Would Ban Use of a CBDC as Money in the State

by Alan Mosley | May 12, 2023 | Federal Reserve, State Bills

MONTGOMERY, Ala. (May 12, 2023) – A bill introduced in the Alabama House would expressly exclude a CBDC from the definition of money in Alabama, effectively banning its use as such in the state. Rep. Ben Harrison introduced House Bill 408 (HB408) on May 2. The bill...
Alabama Second Amendment Financial Privacy Act Takes Steps Against Merchant Code Surveillance

Alabama Second Amendment Financial Privacy Act Takes Steps Against Merchant Code Surveillance

by TJ Martinell | Mar 27, 2023 | Right to Keep and Bear Arms, State Bills

MONTGOMERY, Ala. (March 27, 2023) – A bill filed in the Alabama House would prohibit financial institutions from tracking or disclosing firearm-related transactions, undermining efforts by the feds to collect data on legal gun owners. Rep. Mack Butler (R)...
Now in Effect: Alabama Law Bans Enforcement of Federal Gun Control by Executive Order

Now in Effect: Alabama Law Bans Enforcement of Federal Gun Control by Executive Order

by Mike Maharrey | Jul 1, 2022 | Right to Keep and Bear Arms, State Bills

MONTGOMERY, Ala. (July 1, 2022) – Today, an Alabama law prohibiting state and local enforcement of federal gun control by executive order goes into effect. The enactment of this legislation takes a small step toward ending some federal acts that infringe on the right...
Signed as Law: Alabama Extends Sales Tax Exemption on Gold and Silver and Encourages Sound Money

Signed as Law: Alabama Extends Sales Tax Exemption on Gold and Silver and Encourages Sound Money

by Mike Maharrey | Apr 18, 2022 | Federal Reserve, State Bills

MONTGOMERY, Ala. (April 18, 2022) – Last week,  Alabama Gov. Kay Ivey signed a bill extending the sales and use tax exemption on the sale of gold and silver bullion. A sales tax exemption relieves some of the tax burdens on investors, and it also eliminates one...
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