Cents and Sensibility Act
Latest action · Apr 24, 2013 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 24, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Cents and Sensibility Act - Requires that the one-cent, five-cent, dime, and quarter-dollar coins be: (1) produced primarily of steel, and (2) treated to impart a color so that its appearance is similar to coins produced before enactment of this Act.
Directs the Secretary of the Treasury, in minting such coins, to use only steel produced in the United States unless: (1) the Secretary determines doing so would be inconsistent with the public interest, or (2) an adequate supply of the appropriate grade of steel is not produced in the United States in sufficient and reasonably available quantities.
Prohibits the Secretary, in setting specifications for such coin, from: (1) requiring more than one change to coin-accepting and coin-handling equipment to accommodate all coins produced pursuant to this Act; (2) facilitating or allowing the use of a coin with a lesser value produced by another country, or the use of any token or other easily or regularly produced metal device of minimal value, in the place of a circulating coin produced by the Secretary; or (3) requiring non-trivial changes to coin-accepting or coin-handling equipment to easily accommodate continued co-circulation of both coins produced with the new specifications and coins produced on or before a specified date.
Cosponsors 2
Members who signed on, in the order they did. All signed on Apr 24, 2013.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OH | Patrick J. Tiberi | Original | Apr 24, 2013 |
| D-OH | Tim Ryan | Original | Apr 24, 2013 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Apr 24, 2013 |
Actions 2
Everything that happened, newest first.
- Apr 24, 2013Introduced in House
- Apr 24, 2013Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H2299.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend title 31, United States Code, to save the American taxpayers money by immediately altering the metallic composition of the one-cent, five-cent, dime, and quarter dollar coins, and for other purposes.
- Short Titles as Introduced
- Cents and Sensibility Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Apr 24, 2013Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
