3.0.0 2778 2023-01-11T13:22:32Z 2023-01-11T13:22:32Z House H HR 2011-08-01 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SMITH of Washington:H.R. 2778.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, clauses 3 and 5 relating to Congress'authority to regulate Commerce with foreign Nations and amongseveral States, and with the Indian tribes and to coin Money,and regulate the Value thereof[Page H5887]]]> hsba00 Financial Services Committee House Standing hsba19 Domestic Monetary Policy and Technology Subcommittee Referred to 2011-08-22T18:13:44Z Referred to 2011-08-01T14:01:10Z 2011-08-22 hsba19 Domestic Monetary Policy and Technology Subcommittee 1 House committee actions Referred to the Subcommittee on Domestic Monetary Policy and Technology. Committee 2011-08-01 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-08-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-08-01 Introduced in House IntroReferral 1000 9 Library of Congress S000510 Rep. Smith, Adam [D-WA-9] ADAM SMITH D WA 9 N B001245 Del. Bordallo, Madeleine Z. [D-GU-At Large] Madeleine Bordallo D GU Z. 0 2011-09-07 False P000585 Rep. Platts, Todd Russell [R-PA-19] TODD PLATTS R PA RUSSELL 19 2011-10-14 False Finance and Financial Sector Currency Federal-Indian relations Presidential administrations Finance and Financial Sector 00 2011-08-01 Introduced in House 2011-12-19T21:27:20Z Dollars and Sense Act of 2011 - Repeals the requirement that the Board of Governors of the Federal Reserve System (Federal Reserve Board) and the Secretary of the Treasury ensure that, during an introductory period, all institutions that want unmixed supplies of each newly-issued coin design minted under the Presidential $1 Coin and First Spouse Bullion Coin Programs are able to obtain such unmixed supplies.

Reduces, from four to two, the number of presidents honored each year.

Postpones the Native American $1 coin series until the termination of the Presidential $1 Coin Program.

Limits the aggregate number of presidential coins issued for circulation for any year to the number of $1 coins sold only as numismatic items during the previous calendar year.

Limits the availability of the Circulating $1 Coin Direct Ship Program to persons purchasing coins for collection purposes.

Expresses the sense of Congress that: (1) the Federal Reserve Board should address the backlog of $1 coins in its vaults by making them as publicly accessible as possible for circulation purposes, and (2) the U.S. Mint should continue producing Sacagawea coins for circulation purposes upon completion of the Presidential $1 Coin Program.

]]> Dollars and Sense Act of 2011 Display Title Dollars and Sense Act of 2011 Official Title as Introduced To prevent the overproduction of $1 presidential coins by the United States Mint in order to efficiently meet collector demand while reducing the surplus of already produced $1 coins in Federal Reserve System vaults, and for other purposes. Introduced in House IH Short Titles as Introduced Dollars and Sense Act of 2011 Introduced in House 2011-08-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2778ih/xml/BILLS-112hr2778ih.xml 2011-08-22 Referred to the Subcommittee on Domestic Monetary Policy and Technology. 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.