S 1639
99th Congress
Senate
Finance and Financial Sector
Coins and coinage
Economics and Public Finance
Gold
Monetary policy
Money
Public debt
Gold Bullion Coin Act of 1985
Introduced: September 12, 1985
See on congress.gov
Everywhere this bill has been
16 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 1985
Signed by President.
Dec 17, 1985
Became Public Law No: 99-185.
Dec 5, 1985
Measure Signed in Senate.
Dec 5, 1985
Presented to President.
Dec 2, 1985
Called up by House Under Suspension of Rules.
Dec 2, 1985
Passed House by Voice Vote.
Dec 2, 1985
Passed/agreed to in House: Passed House by Voice Vote.
Nov 20, 1985
Unanimous Consent Request to Consider Measure Rejected in House.
Nov 14, 1985
Passed Senate with an amendment by Voice Vote.
Nov 14, 1985
Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.
Nov 13, 1985
Placed on Senate Legislative Calendar under General Orders. Calendar No. 401.
Nov 13, 1985
Committee on Banking. Reported to Senate by Senator Garn with an amendment. Without written report.
Nov 13, 1985
Committee on Banking. Approved for reporting with an amendment favorably.
Oct 9, 1985
Committee on Banking. Approved for reporting an original bill (S. 1752) in lieu of this measure.
Sep 12, 1985
Read twice and referred to the Committee on Banking.
Sep 12, 1985
Introduced in Senate
Plain-English summary
Gold Bullion Coin Act of 1985 - Directs the Secretary of the Treasury to mint and issue gold coins in 50-dollar, 25-dollar, ten-dollar, and five-dollar denominations. Requires the Secretary to acquire the gold for such coins by purchase only from natural deposits in the United States or a U.S. territory or possession or from U.S. reserves.
Repeals a provision prohibiting the Government from delivering any gold coin.
Requires any profit from the sale of such coins to be deposited in the Treasury and applied toward reducing the national debt. Directs the Secretary to ensure that the issuance of such coins results in no net cost to the Government.
What's happening now
Became Public Law No: 99-185.
Committees of jurisdiction
1
Cosponsors
1