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S. 627 118th Congress Senate

Cancel the Coin Act

Official title: A bill to amend title 31, United States Code, to limit the face value of coins.

Introduced: March 2, 2023 Introduced by: Mike Lee Republican · Utah See on congress.gov
Finance and Financial Sector
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Mar 2, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 2, 2023
Introduced in Senate
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 Latest action March 2, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 627: Cancel the Coin Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-627/
MLA
"S. 627: Cancel the Coin Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-627/.
Bluebook (legal)
S. 627, 118th Cong. (2026), https://openamerica.io/bill/118-S-627/.
Markdown link
[S. 627: Cancel the Coin Act](https://openamerica.io/bill/118-S-627/)
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