SENATE 672117th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Coin Metal Modification Authorization and Cost Savings Act of 2021
- Last Action
- 3/10/2021
Actions
- 2021-03-10Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2021-03-10Introduced in Senate
CRS Summary
As of 2021-03-10 (00)
Coin Metal Modification Authorization and Cost Savings Act of 2021
This bill authorizes the United States Mint to modify the metallic composition of circulating coins (including by prescribing reasonable manufacturing tolerances with respect to those coins) if a study and analysis conducted by the Mint indicates that the modification will
- reduce costs incurred by the taxpayers;
- be seamless, which shall be determined by verifying that the coins will work interchangeably in most coin acceptors using electromagnetic signature technology; and
- have as minimal an adverse impact as possible on the public and stakeholders.
The Mint must notify Congress before making the modification and provide a justification for the modification.
Cosponsors (4)
- Joni Ernst (R-IA)
- Thomas Carper (D-DE)
- Lisa Murkowski (R-AK)
- Kevin Cramer (R-ND)
Subjects
- Congressional oversight
- Currency
- Government information and archives
- Government studies and investigations
- Metals
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.