3.0.0 2299 2023-01-11T13:36:51Z 2023-01-11T13:36:51Z House HR 2017-05-02 115 [Congressional Record Volume 163, Number 75 (Tuesday, May 2, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. TENNEY:H.R. 2299.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution.[Page H3068]]]> hsba00 Financial Services Committee House Standing Referred to 2017-05-02T14:01:05Z Currency Optimization, Innovation, and National Savings Act of 2017 115 759 S 2017-03-29 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2017-05-02 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-05-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-05-02 Introduced in House IntroReferral 1000 9 Library of Congress T000478 Rep. Tenney, Claudia [R-NY-22] Claudia Tenney R NY 22 N B001227 Rep. Brady, Robert A. [D-PA-1] ROBERT BRADY D PA A. 1 2017-05-02 True J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2017-05-02 True T000469 Rep. Tonko, Paul [D-NY-20] Paul Tonko D NY 20 2017-05-23 False G000565 Rep. Gosar, Paul A. [R-AZ-4] Paul Gosar R AZ A. 4 2017-05-23 False S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2017-07-11 False F000454 Rep. Foster, Bill [D-IL-11] Bill Foster D IL 11 2017-07-11 False C001107 Rep. Curbelo, Carlos [R-FL-26] Carlos Curbelo R FL 26 2017-07-26 False 2017-09-25 H001048 Rep. Hunter, Duncan D. [R-CA-50] Duncan Hunter R CA D. 50 2017-07-26 False B001295 Rep. Bost, Mike [R-IL-12] Mike Bost R IL 12 2017-07-27 False P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2018-02-26 False Finance and Financial Sector Congressional oversight Currency Government studies and investigations Finance and Financial Sector 00 2017-05-02 Introduced in House 2018-01-26T23:16:17Z Currency Optimization, Innovation, and National Savings Act of 2017

This bill directs the Government Accountability Office to study the production cost of the one-cent coin and ways the production cost could be lowered while maintaining the utility of the coin.

The bill provides for the replacement of $1 notes with $1 coins as the only $1 monetary unit in circulation. Treasury will no longer be authorized to issue $1 notes two years after passage of this bill and the Board of Governors of the Federal Reserve System shall ensure that all $1 Federal Reserve notes are destroyed within this time.

Notwithstanding this bill, $1 Federal Reserve notes shall remain legal tender in the United States.]]>

Currency Optimization, Innovation, and National Savings Act of 2017 Display Title Currency Optimization, Innovation, and National Savings Act of 2017 Official Title as Introduced To save taxpayers money by improving the manufacturing and distribution of coins and notes, and for other purposes. Introduced in House IH Short Titles as Introduced Currency Optimization, Innovation, and National Savings Act of 2017 Introduced in House 2017-05-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2299ih/xml/BILLS-115hr2299ih.xml 2017-05-02 Referred to the House Committee on Financial Services. 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.