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HR 1174 105th Congress House Economics and Public Finance Coins and coinage Federal Reserve System Finance and Financial Sector Money

United States Efficient Currency Act of 1997

Introduced: March 20, 1997 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
Apr 14, 1997
Referred to the Subcommittee on Domestic and International Monetary Policy.
Mar 20, 1997
Referred to the House Committee on Banking and Financial Services.
Mar 20, 1997
Introduced in House
 Plain-English summary Congressional Research Service

United States Efficient Currency Act of 1997 - Amends Federal currency law to prescribe the color and content of one-dollar coins.

Instructs the Secretary of the Treasury to: (1) place certain authorized one-dollar coins into circulation before the government's current inventory of one-dollar coins bearing the likeness of Susan B. Anthony is depleted; and (2) increase capacity at U.S. Mint facilities to a level that permits replacement of one-dollar Federal reserve notes.

Prohibits a Federal reserve bank from placing into circulation any one-dollar Federal Reserve note after specified deadlines. Directs the Secretary of the Treasury to cease regular production of one-dollar Federal Reserve notes (except for such quantities ordered by the Board of Governors of the Federal Reserve to meet collectors' needs).

What's happening now April 14, 1997

Referred to the Subcommittee on Domestic and International Monetary Policy.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1 Republican 1