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

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Plain-English summary Congressional Research Service

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 December 17, 1985

Became Public Law No: 99-185.

Related & companion bills 1

Bill text 1 version

Public Law PDF

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Banking, Housing, and Urban Affairs Committee
Senate

Cosponsors 1

Grassley, Chuck

Iowa · Sep 26, 1985

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APA

U.S. Congress. (2026). S. 1639: Gold Bullion Coin Act of 1985. 99th Congress. Open America. https://openamerica.io/bill/99-S-1639/

MLA

"S. 1639: Gold Bullion Coin Act of 1985." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-S-1639/.

Bluebook (legal)

S. 1639, 99th Cong. (2026), https://openamerica.io/bill/99-S-1639/.

Markdown link

[S. 1639: Gold Bullion Coin Act of 1985](https://openamerica.io/bill/99-S-1639/)