S 627
118th Congress
Senate
Finance and Financial Sector
Cancel the Coin Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 2, 2023
Introduced in Senate
Plain-English summary
Cancel the Coin Act
This bill prohibits the Department of the Treasury from minting or issuing any coin, including platinum bullion coins and proof platinum coins, having a nominal or face value exceeding $200. In addition, Treasury is prohibited from depositing, and the Federal Reserve is prohibited from accepting, any platinum bullion coins or proof platinum coins to be applied to the Treasury's account.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1