S 1742
100th Congress
Senate
Finance and Financial Sector
Anniversaries
Buy American
Coins and coinage
Commemorations
Monetary policy
Money
United States Coinage Reform Act of 1987
Introduced: October 1, 1987
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 1, 1987
Read twice and referred to the Committee on Banking.
Oct 1, 1987
Introduced in Senate
Plain-English summary
United States Coinage Reform Act of 1987 - Requires that one dollar coins be gold colored, be at least 90 percent 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.
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
Read twice and referred to the Committee on Banking.
Committees of jurisdiction
1
Cosponsors
1