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Coin Metal Modification Authorization and Cost Savings Act of 2020

USA116th CongressS-4663| Senate 
| Updated: 9/23/2020
Margaret Wood Hassan

Margaret Wood Hassan

Democratic Senator

New Hampshire

Cosponsors (7)
Joni Ernst (Republican)Rick Scott (Republican)Thomas R. Carper (Democratic)Michael B. Enzi (Republican)Kevin Cramer (Republican)John Barrasso (Republican)Mike Crapo (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Coin Metal Modification Authorization and Cost Savings Act of 2020 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.taxpayers; be seamless, which shall be determined by verifying that the coins will 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.
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Timeline
Sep 23, 2020
Introduced in Senate
Sep 23, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 3, 2020

Latest Companion Bill Action

HR 116-7995
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • September 23, 2020
    Introduced in Senate


  • September 23, 2020
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 3, 2020

    Latest Companion Bill Action

    HR 116-7995
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • S 116-4006: Coin Metal Modification Authorization and Cost Savings Act of 2020
  • HR 116-7995: Coin Metal Modification Authorization and Cost Savings Act of 2020
Congressional oversightCurrencyGovernment information and archivesGovernment studies and investigationsMetals

Coin Metal Modification Authorization and Cost Savings Act of 2020

USA116th CongressS-4663| Senate 
| Updated: 9/23/2020
Coin Metal Modification Authorization and Cost Savings Act of 2020 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.taxpayers; be seamless, which shall be determined by verifying that the coins will 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 23, 2020
Introduced in Senate
Sep 23, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 3, 2020

Latest Companion Bill Action

HR 116-7995
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • September 23, 2020
    Introduced in Senate


  • September 23, 2020
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 3, 2020

    Latest Companion Bill Action

    HR 116-7995
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Margaret Wood Hassan

Margaret Wood Hassan

Democratic Senator

New Hampshire

Cosponsors (7)
Joni Ernst (Republican)Rick Scott (Republican)Thomas R. Carper (Democratic)Michael B. Enzi (Republican)Kevin Cramer (Republican)John Barrasso (Republican)Mike Crapo (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • S 116-4006: Coin Metal Modification Authorization and Cost Savings Act of 2020
  • HR 116-7995: Coin Metal Modification Authorization and Cost Savings Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Congressional oversightCurrencyGovernment information and archivesGovernment studies and investigationsMetals