S 4663
116th Congress
Senate
Finance and Financial Sector
Congressional oversight
Currency
Government information and archives
Government studies and investigations
Metals
Coin Metal Modification Authorization and Cost Savings Act of 2020
Introduced: September 23, 2020
Introduced by:
Hassan, Margaret Wood
Democratic
· New Hampshire
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 23, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 23, 2020
Introduced in Senate
Plain-English summary
Coin Metal Modification Authorization and Cost Savings Act of 2020
This bill authorizes the United States Mint to modify the metallic composition of circulating coins (including by prescribing reasonable manufacturing tolerances with respect to those coins) if a study and analysis conducted by the Mint indicates that the modification will
- reduce costs incurred by.taxpayers;
- be seamless, which shall be determined by verifying that the coins will work interchangeably in most coin acceptors using electromagnetic signature technology; and
- have as minimal an adverse impact as possible on the public and stakeholders.
The Mint must notify Congress before making the modification and provide a justification for the modification.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1