HB 3505 – establishment and administration of a state bullion depository

Please request Chairman of the House Committee on Appropriations-Budget Transparency & Reform, Rep. Myra Crownover, to schedule and promptly VOTE YES on HB 3505, and suggest passage to the full body of the House of Representatives…
myra.crownover@house.state.tx.us (512) 463-0582

HB 3505 (Capriglione)
Establishment and administration of a state bullion depository

Texas will provide for the confidence of her People, her businesses, and the stability of her economy, notwithstanding the acts of the private Federal Reserve Bank, via:

TEXAS BULLION DEPOSITORY. (a) The Texas Bullion Depository is established as an agency of this state in the office of the comptroller.

“The Comptroller is the chief steward of the state’s finances, acting as tax collector, chief accountant, chief revenue estimator and chief treasurer for all of state government.”
Source: http://www.window.state.tx.us/about/

Texas Constitution: Article 4. Executive Department:
1.) Governor
2.) Lt. Governor
3.) Secy. of State
4.) Comptroller of Public Accounts
5.) Commissioner of the General Land Office
6.) Atty. General

HB 3505 will create a Depository Administrator appointed by Comptroller, w/consent by Governor, Lt. Governor, and Senate

HB 3505 will provide a basis for the system of precious metals-denominated intergovernmental payments and settlements; incrementally restoring sound money through this process and the People’s understanding of it

HB 3505 will provide prudent and conservative measures to return to a stable Texas economy, notwithstanding the spending practices of federal government or other nations’ economies

HB 3505 was heard in committee last night (Tuesday Apr 23). Rep. Capriglione (Southlake) did an excellent job of explaining the bill to the committee members. The next CRUCIAL step is for the chairman of this committee to schedule a committee vote and support passage of HB 3505 to the House Calendars committee (who will then schedule HB 3505 for the 2nd and 3rd readings before the body of 150 House Representatives). We must act fast though as this bill must THEN proceed to the Senate chamber for the same process.

If HB 3505 is to see the Governor’s desk for passage, we only have until May 27th to accomplish the process! We need your help and here’s what you can do now:

Contact the Chairman, and request that she schedule HB 3505 for a vote, at the next  meeting of House committee – Appropriations – S/C on Budget Transparency and Reform
Chair: Rep. Myra Crownover (512) 463-0582 myra.crownover@house.state.tx.us

Contact the members of the committee and request they vote HB 3505 favorably out of committee when it comes up for a vote:
Vice Chair: Rep. Oscar Longoria (512) 463-0645 Oscar.longoria@house.state.tx.us
Rep. Drew Darby (512) 463-0331 drew.darby@house.state.tx.us
Rep. Donna Howard (512) 463-0631 donna.howard@house.state.tx.us
Rep. John Raney (512) 463-0698 john.raney@house.state.tx.us
Rep. Bennett Ratliff (512) 463-0468 bennett.ratliff@house.state.tx.us

You can read the text of the bill here:

You can watch the video archive of the committee hearing:
HB 3505 begins at 24:00

Thank you!