Search Blog Posts

Wednesday, January 30, 2013

Illinois' Bill to Register Buyers of Gold and Silver Coins: Bill Status

We reported on this legislation some time ago, but have appended a tracking link at bottom of this post.


It had to come. It has been introduced in Illinois, the most anti-gun state in the USA.
Creates the Precious Metal Purchasing Act. Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller.
Provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall >record the method of payment. Requires the purchaser to keep a record of the sale for one year or, if the purchase amount is over $500, for 5 years. Provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500. Provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties.
To read the whole bill, click the link.
Continue Reading on www.ilga.gov

Anyone wanting to track this Bill and get latest status can go here



Only fitting from a state with 4 of its past 7 governors in the clink:

4 of Illinois' last 7 governors went to prison
APNews |
Former Illinois Gov. George Ryan will be leaving prison and heading to a halfway house after serving more than five years for corruption. His departure from prison follows a rich, if ignominious, history in Illinois of ex-governors arriving in and departing from prison.

Of Illinois' last seven governors, four have ended up going to prison. They are:
Rod Blagojevich — Governor from 2002 through 2009, when he became the first Illinois governor in history to be impeached. Convicted of numerous corruption charges in 2011, including allegations that he tried to sell or trade President Barack Obama's old Senate seat.
George Ryan — Governor from 1999 through 2003. After leaving office, was convicted of racketeering for actions as governor and secretary of state. In November 2007, began serving a 6 1/2 year sentence in federal prison.
Dan Walker — Governor from 1973-1977. Pleaded guilty to bank fraud and other charges in 1987 related to his business activities after leaving office. Spent about a year and a half in federal prison.
Otto Kerner — Governor from 1961-1968. Resigned to become judge, then was convicted of bribery related to his tenure as governor. Sentenced to three years in prison.


Source: TeaParty Economist