Thanks to SGT report reader Taff for bringing this one to our attention. This Bill was first introduced in February 2012. Currently the Bill is in Committee. But don’t worry, just like they’re targeting the Second Amendment in Illinois, home to the criminal known as Rahm Emanuel, and former home to one Barack Hussein Obama aka Barry Soetoro, Illinois is coming after your right to buy and sell physical precious metals as well. It’s the tyrannical tiptoe.
If passed, what will the latest liberty restricting Illinois law do? Let’s take a look:
“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.”
As a friend of SGT report notes: I know that the saying is “As goes California, so goes the U.S.”, but Illinois is striving to be first, at being more tyrannical than California and Washington, DC.
Read the Bill for yourself, here.