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HR 3348 100th Congress House Finance and Financial Sector Anniversaries Coins and coinage Commemorations Monetary policy Money

United States Coinage Reform Act of 1987

Introduced: September 29, 1987 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 15, 1987
Referred to Subcommittee on Consumer Affairs and Coinage.
Sep 29, 1987
Referred to House Committee on Banking, Finance and Urban Affairs.
Sep 29, 1987
Introduced in House
 Plain-English summary Congressional Research Service

United States Coinage Reform Act of 1987 - Requires that one dollar coins be gold colored, be at least 90% copper, and be fabricated in the United States from natural deposits located in the United States.

Redesigns the obverse side of the dollar coin to symbolize the 500th anniversary of the discovery of the New World by Christopher Columbus.

Requires the Secretary of the Treasury to place such coins into circulation within 18 months and to cease production of one dollar notes within 18 months after the first of such coins are placed in circulation.

Directs the Secretary to conduct a study and report to the Congress on the advisability of phasing out production of the one-cent and 50-cent coins and of rounding cash sales to the nearest five cents.

What's happening now October 15, 1987

Referred to Subcommittee on Consumer Affairs and Coinage.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1