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HR 2299 115th Congress House Finance and Financial Sector Congressional oversight Currency Government studies and investigations

Currency Optimization, Innovation, and National Savings Act of 2017

Introduced: July 26, 2017 Introduced by: Tenney, Claudia Republican · New York See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 2, 2017
Referred to the House Committee on Financial Services.
May 2, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

Currency Optimization, Innovation, and National Savings Act of 2017

This bill directs the Government Accountability Office to study the production cost of the one-cent coin and ways the production cost could be lowered while maintaining the utility of the coin.

The bill provides for the replacement of $1 notes with $1 coins as the only $1 monetary unit in circulation. Treasury will no longer be authorized to issue $1 notes two years after passage of this bill and the Board of Governors of the Federal Reserve System shall ensure that all $1 Federal Reserve notes are destroyed within this time.

Notwithstanding this bill, $1 Federal Reserve notes shall remain legal tender in the United States.

What's happening now May 2, 2017

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 759 Related bill Currency Optimization, Innovation, and National Savings Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 2 Republican 2
R
Bost, Mike
Illinois · Jul 27, 2017
Hunter, Duncan
· Jul 26, 2017
 D
Foster, Bill
Illinois · Jul 11, 2017
 R
Gosar, Paul A.
Arizona · May 23, 2017
 D
Tonko, Paul
New York · May 23, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2299: Currency Optimization, Innovation, and National Savings Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2299/
MLA
"H.R. 2299: Currency Optimization, Innovation, and National Savings Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2299/.
Bluebook (legal)
H.R. 2299, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2299/.
Markdown link
[H.R. 2299: Currency Optimization, Innovation, and National Savings Act of 2017](https://openamerica.io/bill/115-HR-2299/)
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