3.0.0 5512 2022-02-03T05:17:25Z 2022-02-03T05:17:25Z House H HR 2008-02-28 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2008-05-12T19:21:36Z hsba00 Financial Services Committee House Standing hsba19 Domestic Monetary Policy and Technology Subcommittee Hearings by 2008-03-11T15:36:32Z Referred to 2008-02-28T16:36:00Z Referred to 2008-02-28T15:01:40Z Coin Modernization and Taxpayer Savings Act of 2007 110 3956 HR 2008-03-25 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. Related bill CRS 2008-05-12 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2008-05-08 12:26:00 The title of the measure was amended. Agreed to without objection. Floor H38800 2 House floor actions 2008-05-08 12:25:57 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2008-05-08 12:25:53 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR 5/6/2008 H3096-3097) Floor H37300 2 House floor actions 2008-05-08 12:25:53 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR 5/6/2008 H3096-3097) Floor 8000 9 Library of Congress 2008-05-08 12:25:32 Considered as unfinished business. (consideration: CR H3203-3204) Floor H30000 2 House floor actions 2008-05-06 18:37:48 At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Carter objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was withdrawn. Floor H37210 2 House floor actions 2008-05-06 18:25:07 DEBATE - The House proceeded with forty minutes of debate on H.R. 5512. Floor H8D000 2 House floor actions 2008-05-06 18:25:06 Considered under suspension of the rules. (consideration: CR H3096-3099) Floor H30000 2 House floor actions 2008-05-06 18:24:04 Mr. Gutierrez moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2008-03-11 hsba19 Domestic Monetary Policy and Technology Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2008-02-28 hsba19 Domestic Monetary Policy and Technology Subcommittee 1 House committee actions Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. Committee 2008-02-28 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-02-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-02-28 Introduced in House IntroReferral 1000 9 Library of Congress S001173 Rep. Space, Zachary T. [D-OH-18] Zachary Space D OH T. 18 N G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2008-02-28 True F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2008-02-28 True Finance and Financial Sector Administrative procedure Alloys Buy American Coins and coinage Department of the Treasury Foreign Trade and International Finance Gold Government Operations and Politics Government procurement Law Public Lands and Natural Resources Steel Weights and measures Finance and Financial Sector 00 2008-02-28 Introduced in House 2008-04-09T16:50:51Z Coin Modernization and Taxpayer Savings Act of 2008 - Revises the discretionary authority of the Secretary of the Treasury to prescribe the weight and the composition of the alloy in the one-cent coin. Extends such authority to, and requires the Secretary to prescribe the weight and composition of, the dollar, half-dollar, quarter-dollar, dime, and five-cent coin, as well as the one-cent coin.

Requires the coins to be coined, minted, and their materials fabricated in the United States.

Requires the Secretary to enter into a formal rulemaking process when making any determination with respect to any change in the weight and composition of any coin.

Repeals current weight requirements for the half-dollar, quarter-dollar, dime, five-cent coin, and the one-cent coin.

Specifies the characteristics of $1 coins and gold coins.

Authorizes the Secretary to prescribe manufacturing tolerances for five-cent and one-cent coins.

Requires, for a specified period, the one-cent coin (except for Lincoln Bicentennial Numismatic Pennies) to be produced primarily of steel and treated to impart a copper color to its appearance similar to one-cent coins produced of a copper-zinc alloy.

]]> 36 2008-05-08 Passed House amended 2008-07-24T15:12:48Z Coin Modernization and Taxpayer Savings Act of 2008 - Requires the one-cent coin (except for Lincoln Bicentennial Numismatic Pennies) to be produced primarily of steel and treated to impart a copper color to its appearance similar to one-cent coins produced of a copper-zinc alloy.

Authorizes the Secretary of the Treasury, in the alternative, during the 90 days following enactment of this Act, to add any other element to any alloy of zinc and copper of which one-cent coins could have been composed before enactment of this Act, if during such 90-day period another element is determined to help produce one-cent coins of the same diameter, general composition, and general weight, but at a lower unit cost. Requires a prompt report to Congress if such a determination is made.

Directs the Secretary, two years after enactment of this Act, to produce only five-cent coins primarily made of steel with a coating of nickel, unless by that time the unit cost of production of existing five-cent coins is lower than their face value. Requires the Secretary, however, to recommend a different metallic content of circulating five-cent coins if any biennial report to Congress, required by this Act, indicates that such a different metallic content is both functional and interchangeable with existing coins, and more economical to produce in both the short and long term.

Authorizes the Secretary, in order to accomplish the goals of this Act, to research, develop, evaluate or begin to use new metallic material for circulating coin production.

Requires the Secretary to report biennially to specified congressional committees on the production costs for each circulating coin, cost trends, and possible new metallic materials or technologies for the production of circulating coins, with detailed recommendations for any appropriate changes to the metallic content of circulating coins.

]]> Coin Modernization and Taxpayer Savings Act of 2008 Short Titles as Introduced Coin Modernization and Taxpayer Savings Act of 2008 Short Titles as Passed House Coin Modernization and Taxpayer Savings Act of 2008 H House Display Title Coin Modernization and Taxpayer Savings Act of 2008 Official Title as Introduced To authorize the Secretary of the Treasury to prescribe the weights and the compositions of circulating coins, and for other purposes. Official Titles as Amended by House To reduce the costs of producing 1-cent and 5-cent coins, provide authority to the Secretary of the Treasury to perform research and development on new metallic content for circulating coins, and to require biennial reports to Congress on circulating coin production costs and possible alternative metallic content. H House Referred in Senate 2008-05-12T04:00:00Z Engrossed in House 2008-05-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr5512eh/xml/BILLS-110hr5512eh.xml Introduced in House 2008-02-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr5512ih/xml/BILLS-110hr5512ih.xml 2008-05-12 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.