Ron Paul, Barney Frank Say Legalize Pot

NEW YORK ( TheStreet) -- Rep. Barney Frank (D., Mass.) and Rep. Ron Paul (R., Texas) plan to introduce a marijuana legalization bill to Congress on Thursday, according to multiple media reports.

If passed, the bill would give states the right to regulate, tax and control the use of marijuana and eliminate the federal government's jurisdiction.
Rep. Ron Paul (R., Texas) and Rep. Barney Frank (D., Mass) are set to introduce a bill on Thursday to legalize pot.

Frank has previously sponsored, along with Paul cosponsoring, a bill that sought deregulated use of medicinal marijuana and another that would have allowed possession for personal use.

The bill is reportedly called the Ending Federal Marijuana Prohibition Act of 2011.

Frank has authored bills every year for longer than a decade that attempted to permit use of medicinal marijuana; many consider the Congressman one of the more liberal politicians in the House. Paul, a libertarian, endorses personal liberties over federal regulation.

Sixteen states and the District of Columbia have already legalized medicinal use of marijuana; among them are California, Maine, Arizona and New Jersey.

Paul's co-authoring of the bill comes amid his bid for the Republican presidential nomination.

-- Written by Joe Deaux in New York.

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