H.R.7995 – 116th Congress (2019-2020): Coin Metal Modification Authorization and Cost Savings Act of 2020
Here are the steps for Status of Legislation:
| Sponsor: | Rep. Amodei, Mark E. [R-NV-2] (Introduced 08/11/2020) |
|---|---|
| Committees: | House – Financial Services |
| Latest Action: | House – 08/11/2020 Referred to the House Committee on Financial Services. (All Actions) |
Tracker:
This bill has the status Introduced
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
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Subject — Policy Area:
Summary: H.R.7995 — 116th Congress (2019-2020)All Information (Except Text)
Shown Here:
Introduced in House (08/11/2020)
Coin Metal Modification Authorization and Cost Savings Act of 2020
- reduce costs incurred by the 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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