United States of America: Passed Constitutional Amendment Creating Right to Monetary Freedom in Texas Bill of Rights (HJR 146)

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Description

Passed Constitutional Amendment Creating Right to Monetary Freedom in Texas Bill of Rights (HJR 146)

On 10 May 2023, Joint Resolution 146 proposing a constitutional amendment by adding a right to monetary freedom to the state constitution was passed with the requisite number of votes by the Texas House of Representatives and will be considered by the Texas Senate. The Joint Resolution, if adopted, would establish a constitutional right to monetary freedom that covers the right to possess, hold, and use mutually agreed mediums of exchange, including digital currencies, without goverment restrictions. To be adopted as a constitutional amendment, the Joint Resolution requires a two-thirds vote in each Chamber of the legislature and a majority of votes in a referendum.

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Scope

Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), DLT development
Implementation Level
subnational
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2023-03-15
under deliberation

On 15 March 2023, Joint Resolution 146 proposing a constitutional amendment by adding a right to mo…

2023-05-10
under deliberation

On 10 May 2023, Joint Resolution 146 proposing a constitutional amendment by adding a right to mone…

2023-05-29
rejected

On 29 May 2023, Joint Resolution 146 proposing a constitutional amendment by adding a right to mone…