3.0.0 4006 2023-01-11T13:46:12Z 2023-01-11T13:46:12Z Senate S 2020-06-18 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2020-06-18T19:21:25Z Coin Metal Modification Authorization and Cost Savings Act of 2020 116 4663 S 2020-09-23 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2020-06-18 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2020-06-18 Introduced in Senate IntroReferral 10000 9 Library of Congress H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH N E000285 Sen. Enzi, Michael B. [R-WY] MICHAEL ENZI R WY B. 2020-06-18 True Finance and Financial Sector Finance and Financial Sector 00 2020-06-18 Introduced in Senate 2021-03-31T19:07:10Z Coin Metal Modification Authorization and Cost Savings Act of 2020

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 midification and provide a justification for the modification.

]]> Coin Metal Modification Authorization and Cost Savings Act of 2020 Display Title Coin Metal Modification Authorization and Cost Savings Act of 2020 Short Title(s) as Introduced Coin Metal Modification Authorization and Cost Savings Act of 2020 Introduced in Senate IS Official Title as Introduced A bill to amend title 31, United States Code, to save Federal funds by authorizing changes to the composition of circulating coins, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-06-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4006is/xml/BILLS-116s4006is.xml 2020-06-18 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.