[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 534 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 534

To provide for the minting and circulation of one dollar coins, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 17, 1995

     Mr. Kolbe (for himself, Mr. Torres, Mr. Blute, Mr. Taylor of 
 Mississippi, and Mrs. Lowey) introduced the following bill; which was 
      referred to the Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
To provide for the minting and circulation of one dollar coins, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``United States One Dollar Coin Act of 
1995''.

SEC. 2. ONE DOLLAR COINS.

    (a) Color and Content.--Section 5112(b) of title 31, United States 
Code, is amended--
            (1) in the 1st sentence, by striking ``dollar,''; and
            (2) by inserting after the 4th sentence, the following new 
        sentence: ``The dollar coin shall be golden in color, have a 
        distinctive edge, have tactile and visual features that make 
        the denomination of the coin readily discernible, be minted and 
        fabricated in the United States, and have similar metallic, 
        anticounterfeiting properties as United States clad coinage in 
        circulation on the date of the enactment of the United States 
        One Dollar Coin Act of 1995.''.
    (b) Design of Coin by Secretary.--Section 5112(d)(1) of title 31, 
United States Code, is amended by striking the 5th and 6th sentences 
and inserting the following new sentence: ``The Secretary of the 
Treasury shall select appropriate designs for the reverse and obverse 
sides of the dollar.''.
    (c) Effective Date.--Not later than 18 months after the date of 
enactment of this Act, the Secretary of the Treasury shall place into 
circulation 1 dollar coins authorized under subsection (a)(1) of 
section 5112 of title 31, United States Code, which comply with the 
requirements of subsections (b) and (d)(1) of such section 5112 (as 
amended by subsections (a) and (b) of this section). The Secretary may 
include such coins in any numismatic set produced by the United States 
Mint before the date the coins are placed in circulation.

SEC. 3. CEASING ISSUANCE OF ONE DOLLAR NOTES.

    (a) In General.--After the date that coins described in section 
2(c) are first placed in circulation, no Federal reserve bank may order 
or place into circulation any $1 Federal Reserve note.
    (b) Exception.--The Secretary of the Treasury shall produce only 
such Federal Reserve notes of 1 dollar denomination as the Board of 
Governors of the Federal Reserve System orders from time to time to 
meet the needs of collectors of that denomination. Such notes shall be 
issued by 1 or more Federal reserve banks in accordance with section 16 
of the Federal Reserve Act and sold by the Secretary, in whole or in 
part, under procedures prescribed by the Secretary.
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