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HR 5510 106th Congress House

Circulating Currency Simplification and Cost-saving Act

Official title: To convert from a convoluted and costly system for issuing circulating currency that requires an enormous amount of debt and annual interest to a more logical … Show full official titleShow less

Official title: To convert from a convoluted and costly system for issuing circulating currency that requires an enormous amount of debt and annual interest to a more logical system that does not involve debt or interest in connection with the issuance of circulating currency, and for other purposes.

Introduced: October 19, 2000 See on congress.gov
Finance and Financial Sector Economics and Public FinanceFederal Reserve SystemGovernment securitiesMoneyPublic debt
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 19, 2000
Referred to the Subcommittee on Domestic and International Monetary Policy.
Oct 19, 2000
Referred to the House Committee on Banking and Financial Services.
Oct 19, 2000
Introduced in House
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 Latest action October 19, 2000

Referred to the Subcommittee on Domestic and International Monetary Policy.

 Plain-English summary Congressional Research Service
Circulating Currency Simplification and Cost-saving Act - Declares that: (1) all Federal reserve notes issued by the Board of Governors of the Federal Reserve System shall be the obligation of the United States and be deemed to be U.S. currency notes; and (2) all Board assets and liabilities with respect to the issuance of such Federal reserve notes shall be transferred to the Secretary of the Treasury, and be assets and liabilities of the United States.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Waters, Maxine
California · Oct 19, 2000
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5510: Circulating Currency Simplification and Cost-saving Act. 106th Congress. Open America. https://openamerica.io/bill/106-HR-5510/
MLA
"H.R. 5510: Circulating Currency Simplification and Cost-saving Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-5510/.
Bluebook (legal)
H.R. 5510, 106th Cong. (2026), https://openamerica.io/bill/106-HR-5510/.
Markdown link
[H.R. 5510: Circulating Currency Simplification and Cost-saving Act](https://openamerica.io/bill/106-HR-5510/)
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