| Bill | S 1228 |
|---|---|
| Type of Legislation | Senate Bill |
| Congress | 118 |
| Status | Archived — 118th Congress concluded |
| Source | View original on Congress.gov |
Geographic Scope
National
Description
Coin Metal Modification Authorization and Cost Savings Act of 2023
This bill authorizes the United States Mint to modify the metallic composition of circulating coins (including by prescribing reasonable manufacturing tolerances with respect to those coins) if a study and analysis conducted by the Mint indicates that the modification will
- reduce costs incurred by the taxpayers;
- be seamless, which means that the coins must have the same weight and diameter as current coins and that the coins work interchangeably in most coin acceptors using electromagnetic signature technology; and
- have as minimal an adverse impact as possible on the public and stakeholders.
The Mint must notify Congress before making the modification and provide a justification for the modification. Congress may disapprove of any proposed modification through a joint resolution.
Bill Title
Coin Metal Modification Authorization and Cost Savings Act of 2023
Linked Goals
Steps
- 2023-04-20: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-04-20: Introduced in Senate
Projected Outcome
A more informed proposal or public response aligned with the Promote General Welfare goal.