Hello.
First of all, I should mention the 3/3/1933 is off by a bit because
FDR wasn't inaugurated until March 4, 1933.
I believe that you're referring to President Roosevelt's decision to
prohibit private investment in (or, as critics called it, "hoarding
of") gold coins and bullion. What FDR signed was an "executive order"
rather than a bill. It was Executive Order #6102.
See:
"Executive Order 6102 Requiring Gold Coin, Gold Bullion and Gold
Certificates to Be Delivered to the Government, hosted by ucsb.edu"
http://www.presidency.ucsb.edu/ws/index.php?pid=14611&st=&st1=
"The ban on private gold ownership in the US was repealed by an act of
Congress codified in Public Law 93-373 [1]
(http://www.fdic.gov/regulations/laws/rules/5000-200.html) which went
into effect December 31, 1974."
see: Wikipedia: Gold Confiscation
http://en.wikipedia.org/wiki/US_Gold_confiscation
"S.2665
Public Law: 93-373 (814/74)
SPONSOR: Sen Fulbright
8/14/74 Public law 93-373
...
Repeals the prohibitions on purchasing, holding, selling, or otherwise
dealing in gold in the United States or abroad, effective either on
December 31, 1974, or at any time prior to such date that the
President finds and reports to Congress that private ownership of gold
will not adversely affect the U.S. monetary position."
http://thomas.loc.gov/cgi-bin/bdquery/z?d093:SN02665:@@@L
http://thomas.loc.gov/cgi-bin/bdquery/z?d093:SN02665:@@@D
President Ford signed the bill and on 8/14/74 it became Public law
93-373. It went into effect December 31, 1974.
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search strategy:
1933 "repealed in 1974"
1933 "gold coins" "december 31 1974
"executive order 6102"
"93-373" gold
I hope this helps. |