HR 505 101th Congress House Finance and Financial Sector Bicentennial of the Constitution Coins and coinage Money Public debt

To modernize circulating coins of which the reverse of the first coin will contain the theme of the Bicentennial.

Introduced: January 19, 1989 See on congress.gov

Everywhere this bill has been 4 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 12, 1989

Subcommittee Hearings Held.

Feb 15, 1989

Referred to the Subcommittee on Consumer Affairs and Coinage.

Jan 19, 1989

Referred to the House Committee on Banking, Finance + Urban Affrs.

Jan 19, 1989

Introduced in House

Plain-English summary Congressional Research Service

Amends Federal law to require the reverse side of the first coin redesigned to commemorate the bicentennial of the U.S. Constitution for a two-year period.

Provides that the design on the obverse side of U.S. coins shall contain the likenesses of those displayed on current coins and shall be considered for redesign. Requires any such obverse redesigns to conform to the inscription requirements of current law.

Requires U.S. coins to be redesigned, at the discretion of the Secretary of the Treasury, over the next six years. Requires the Secretary, in selecting new designs, to consider specified constitutional concepts. Requires the designs to be selected by the Secretary upon consultation with the United States Commission of Fine Arts.

Requires that any profits from the sale of uncirculated and proof sets of U.S. coins be deposited in the Treasury and used solely to reduce the national debt.

What's happening now July 12, 1989

Subcommittee Hearings Held.

Committees of jurisdiction 2