To prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from including any information storage capability on the currency of the United States or imposing any fee or penalty on any person for the holding by such person of currency of the United States, including Federal reserve notes, for any period of time.
Currency "Carry Tax" Prohibition Act of 2003 - Amends Federal law governing coins and currency to prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from: (1) including any information storage capability on United States currency notes; or (2) imposing any fee or penalty for holding such currency notes or Federal reserve notes.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR E1509)
Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
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