HR 1123
99th Congress
House
Finance and Financial Sector
Coins and coinage
Economics and Public Finance
Gold
Monetary policy
Money
Public debt
Liberty Double-Eagle Bullion Coin Act
Introduced: February 19, 1985
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 1, 1985
Referred to Subcommittee on Consumer Affairs and Coinage.
Feb 19, 1985
Referred to House Committee on Banking, Finance and Urban Affairs.
Feb 19, 1985
Introduced in House
Plain-English summary
Liberty Double-Eagle Bullion Coin Act - Requires the Secretary of the Treasury to mint and issue gold double-eagle coins. Sets forth specifications for and the design of such coins. Makes such coins legal tender.
Permits the sale of such coins at a price equal to the cost of minting and issuing such coins plus a surcharge equal to the amount by which the fair market value of gold bullion held by the United States and used in the minting of the coins exceeds the statutory maximum value of any gold certificates outstanding against the bullion. Requires the revenue from such surcharges to be used to reduce the national debt.
Authorizes appropriations.
What's happening now
Referred to Subcommittee on Consumer Affairs and Coinage.
Committees of jurisdiction
2