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Coin Metal Modification Authorization and Cost Savings Act of 2023

USA118th CongressS-1228| Senate 
| Updated: 4/20/2023
Margaret Wood Hassan

Margaret Wood Hassan

Democratic Senator

New Hampshire

Cosponsors (2)
Joni Ernst (Republican)Catherine Cortez Masto (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

S 116-4663
Coin Metal Modification Authorization and Cost Savings Act of 2020

Bill from Previous Congress

S 116-4006
Coin Metal Modification Authorization and Cost Savings Act of 2020

Bill from Previous Congress

S 117-672
Coin Metal Modification Authorization and Cost Savings Act of 2021
Apr 20, 2023
Introduced in Senate
Apr 20, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 25, 2023

Latest Companion Bill Action

HR 118-2817
Introduced in House
  • Bill from Previous Congress

    S 116-4663
    Coin Metal Modification Authorization and Cost Savings Act of 2020


  • Bill from Previous Congress

    S 116-4006
    Coin Metal Modification Authorization and Cost Savings Act of 2020


  • Bill from Previous Congress

    S 117-672
    Coin Metal Modification Authorization and Cost Savings Act of 2021


  • April 20, 2023
    Introduced in Senate


  • April 20, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • April 25, 2023

    Latest Companion Bill Action

    HR 118-2817
    Introduced in House

Finance and Financial Sector

Related Bills

  • HR 118-2817: Coin Metal Modification Authorization and Cost Savings Act of 2023

Coin Metal Modification Authorization and Cost Savings Act of 2023

USA118th CongressS-1228| Senate 
| Updated: 4/20/2023
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.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 116-4663
Coin Metal Modification Authorization and Cost Savings Act of 2020

Bill from Previous Congress

S 116-4006
Coin Metal Modification Authorization and Cost Savings Act of 2020

Bill from Previous Congress

S 117-672
Coin Metal Modification Authorization and Cost Savings Act of 2021
Apr 20, 2023
Introduced in Senate
Apr 20, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 25, 2023

Latest Companion Bill Action

HR 118-2817
Introduced in House
  • Bill from Previous Congress

    S 116-4663
    Coin Metal Modification Authorization and Cost Savings Act of 2020


  • Bill from Previous Congress

    S 116-4006
    Coin Metal Modification Authorization and Cost Savings Act of 2020


  • Bill from Previous Congress

    S 117-672
    Coin Metal Modification Authorization and Cost Savings Act of 2021


  • April 20, 2023
    Introduced in Senate


  • April 20, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • April 25, 2023

    Latest Companion Bill Action

    HR 118-2817
    Introduced in House
Margaret Wood Hassan

Margaret Wood Hassan

Democratic Senator

New Hampshire

Cosponsors (2)
Joni Ernst (Republican)Catherine Cortez Masto (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 118-2817: Coin Metal Modification Authorization and Cost Savings Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted