The Missouri Senate has given initial approval to a bill that would treat gold and silver as money.

The legislation from Sen. Bill Eigel, R-Weldon Spring, would allow businesses to accept gold and silver as payment. His bill would also require state government agencies to accept gold and silver as forms of payment for taxes and public debts.

“You know, the mistreatment of the U.S. dollar by Democrat Joe Biden up in Washington, D.C. makes the urgency of passing a bill like the golds and silver bill even more pressing,” Eigel said. “This was a Freedom Caucus priority and today we got it done.”

But Democrats, including Sen. Doug Beck, D-Affton, took issue with the bill even being taken up for debate when other priorities have yet to come to a vote.

“I think it’s completely ridiculous that we’re perfecting a Senate bill on gold and silver, on a Thursday, when we could have, all week long, we could have been talking about the FRA like Senator Rizzo just mentioned,” Beck said. “The things that are important to the people of this state to try to go forward to get a budget, but we’re perfecting a Senate bill four weeks out on gold and silver on a Thursday. That is frustrating in itself.”

FRA, stands for Federal Reimbursement Allowance. The routine bill would tax Missouri’s hospitals to fund the state’s Medicaid costs. About $4.5 billion in federal aid are at stake if the bill does not pass.

The gold and silver bill requires one final vote of approval in the Senate before moving to the House for consideration.

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