March 26th, 2009
06:04 PM ET
11 years ago

Bachmann bill would prohibit global currency

Bachmann has already been assured that the United States will not adopt another currency.

Bachmann has already been assured that the United States will not adopt another currency.

WASHINGTON (CNN) - Rep. Michele Bachmann has introduced a bill that would prohibit the president from signing on to a global currency, despite congressional testimony from Obama administration officials that they would reject any proposal to replace the dollar.

In hearings earlier this week, the Republican congresswoman called on Fed Chairman Ben Bernanke and Treasury Secretary Timothy Geithner to denounce the idea that the United States might adopt any other currency. Both men did.

Bachmann's bill, introduced Wednesday, proposes a constitutional amendment "to prohibit the President from entering into a treaty or other international agreement that would provide for the United States to adopt as legal tender in the United States a currency issued by an entity other than the United States."

During Tuesday's hearing, Bachmann pointed to recent remarks from Russia and China as part of the basis for her concern - comments suggesting that countries which have used the dollar as their reserve currency might begin to consider other sources. But those decisions, which would be made by foreign governments, would be unaffected by any congressional legislation, and would have no impact on U.S. currency decisions.

Bachmann's bill has been referred to the Judiciary Committee.


Filed under: Michele Bachmann
soundoff (215 Responses)
  1. Conservatives are MORONS!!

    I am so tired of Michelle Bachmann and all Republicans!

    March 26, 2009 06:41 pm at 6:41 pm |
  2. Rachel

    Thank goodness we have someone trying to stop the monster in office. He is in love with himself and it is definately NOT a summer thing!

    March 26, 2009 06:41 pm at 6:41 pm |
  3. Poeman

    Thanks Michele Bachmann, you can sit down now. Has she nothing better to do with her time?

    March 26, 2009 06:41 pm at 6:41 pm |
  4. Eat the Press

    Behold..the presentation of the 'new' GOP ideas...lol

    March 26, 2009 06:41 pm at 6:41 pm |
  5. gregory

    Is that where that question on tuesday came from? Lool the rep. are running out of gas. This shows how disconnected these party is!

    March 26, 2009 06:42 pm at 6:42 pm |
  6. helloooooOOOO

    Well, glad to hear this was a NO..going back to phropecy, global money was forcast..at least we get a reprieve from that phropecy....for now..

    March 26, 2009 06:43 pm at 6:43 pm |
  7. JF

    These Repugs will come up with ANYTHING to try to make themselves appear relevant. Must be sad to be in their shoes !!

    March 26, 2009 06:43 pm at 6:43 pm |
  8. DB25

    Um, this woman is a lunatic. I can't believe people in Minnesota voted for her. Doesn't say much for Minnesota, does it?

    March 26, 2009 06:44 pm at 6:44 pm |
  9. Jonah Horowitz

    Michelle Bachman has got to be the wingnuttist congressperson there is. I hope the people of her district are proud!

    March 26, 2009 06:44 pm at 6:44 pm |
  10. Leslie

    Excellent Representative Bachman, we need more representatives and Senators like you who put their country first instead of special interest. Geithner testified today of taking over private businesses and put it under FDIC, what will stop them from taking over private properties of individuals in this country that includes their bank accounts? WAKE UP AMERICA! WE ARE LOSING OUR COUNTRY TO A BUNCH OF RADICALS IN THE WHITEHOUSE, CONGRESS AND SENATE!

    March 26, 2009 06:44 pm at 6:44 pm |
  11. Blue

    This Bachmann chick is a complete and unadulterated psychotic! There must be some wacko jobs in the congressional district she represents in Minnesota for her to get re-elected after some of the outrageous, unpatriotic, and quite frankly delusional actions on her part. What a disgrace!

    March 26, 2009 06:44 pm at 6:44 pm |
  12. Minnesota

    Typical Republican. Nonesense legislation bent on fear and deflection. This woman is one of the worst and I am ashamed to say she's from my State. All the problems we got going on and she's doing this crap. Like, she's some sort of protector from the evil Obama Administration who already told her they don't want it. Ugh!!!

    March 26, 2009 06:44 pm at 6:44 pm |
  13. Eric

    This woman is a nut case. Her bill will go nowhere.

    March 26, 2009 06:45 pm at 6:45 pm |
  14. american

    Can't the right leave our constitution alone? I'll stick with the framers, thank you.

    March 26, 2009 06:46 pm at 6:46 pm |
  15. Pete

    This little twit does realize that if the Euro becomes dominant, or China/Russia succeed in creating their new currency, her proposal for a Constitutional Amendment prohibiting the US from participating would permanently destroy the US economy, especially if the world dumped the dollar.

    March 26, 2009 06:46 pm at 6:46 pm |
  16. Mark

    Bachmann is a moron!!! It says alot about the people who voted for her and the district in Minnesota she comes from... God save this country from idiots such as her.

    March 26, 2009 06:47 pm at 6:47 pm |
  17. RoadRunner

    Good move. This legislation is needed. It should also contain enabling legislation to effectively enforce it.

    March 26, 2009 06:47 pm at 6:47 pm |
  18. Enough

    Bachmann is a waste of taxpayer dollars. The good people of MN deserve better representation than this ridiculous redundancy. President Obama was clear about not wanting a global currency.

    March 26, 2009 06:48 pm at 6:48 pm |
  19. windfall

    she's the biggest lunatic in all of Washingtonland.

    March 26, 2009 06:49 pm at 6:49 pm |
  20. SCOTT

    SHE IS A LOSER!

    March 26, 2009 06:50 pm at 6:50 pm |
  21. Charlie in Maine

    Um, guess what? There is a global currency already. It is called the US dollar. Let's not be silly and petty by insulting the rest of the world with such nonsense.

    March 26, 2009 06:50 pm at 6:50 pm |
  22. arithmetic is liberal

    Oh, by the way as a side note before anyone brings it up:

    1. There is no such thing as the AMERO.
    2. The dollar isn't being replaced.
    3. This idea germinated with fascist nativist radio host Hal Turner.

    March 26, 2009 06:50 pm at 6:50 pm |
  23. By The People

    I can't take anything from Ms. Bachman seriously.

    March 26, 2009 06:51 pm at 6:51 pm |
  24. Hope?

    How did this woman get re-elected??? She is utterly insane and wasting good tax payer $$$ . There must be a billion more qualified people to take her place.

    March 26, 2009 06:51 pm at 6:51 pm |
  25. Ravi

    Good for her. I strongly disagree with Repubs, but I am sick and tired of our beloved republic continually surrendering our sovereignty to foreign powers. I'm sure China and the European Communist Union would LOVE for us to adopt their global currency (wonder what they'll call it).

    March 26, 2009 06:51 pm at 6:51 pm |
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