HI HCR110

Urges the President of the United States and Congress to return the U.S. monetary system to the gold standard, where currency value is backed by gold reserves.

Cites the 1971 suspension of the gold standard by President Richard Nixon as a contributing factor to the 1973-1975 recession and currency instability.

Argues that abandoning the gold standard link allowed increased government spending and contributed to growing national debt.

Claims returning to the gold standard would limit government spending, reduce economic crisis risk, and help prevent future recessions.

Requires certified copies of the resolution to be transmitted to the President, Secretary of the Treasury, and Hawaii's congressional delegation.