Coin Metal Modification Authorization and Cost Savings Act of 2021
Latest action · Mar 10, 2021 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
- IntroducedMar 10, 2021
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Coin Metal Modification Authorization and Cost Savings Act of 2021
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 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.
Cosponsors 4
Members who signed on, in the order they did. All signed on Mar 10, 2021.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IA | Joni Ernst | Original | Mar 10, 2021 |
| R-ND | Kevin Cramer | Original | Mar 10, 2021 |
| R-AK | Lisa Murkowski | Original | Mar 10, 2021 |
| D-DE | Thomas R. Carper | Original | Mar 10, 2021 |
Actions 2
Everything that happened, newest first.
- Mar 10, 2021Introduced in Senate
- Mar 10, 2021Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1789 | Coin Metal Modification Authorization and Cost Savings Act of 2021 | Identical bill | Mar 11, 2021 |
| S 2799 | Prime CUTS Act | Related bill | Sep 22, 2021 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Mar 10, 2021Introduced in Senate
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.
