[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 688 Introduced in Senate (IS)]







104th CONGRESS
  1st Session
                                 S. 688

 To provide for the minting and circulation of one-dollar silver coins.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                April 6 (legislative day, April 5), 1995

 Mr. Murkowski (for himself and Mr. Grassley) introduced the following 
  bill; which was referred to the Committee on Banking, Housing, and 
                             Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 To provide for the minting and circulation of one-dollar silver coins.

    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 Silver 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 first sentence, by striking ``The dollar,'' and 
        inserting ``The''; and
            (2) by inserting after the fourth sentence the following: 
        ``The dollar coin authorized under subsection (a)(1) shall be 
        silver in color, shall have a distinctive edge and have tactile 
        and visual features that make the denomination of the coin 
        readily discernible, shall be minted and fabricated in the 
        United States, and shall have metallic and anti-counterfeiting 
        properties similar to those of United States clad coinage, 
        except that the dollar coin shall be a clad coin with 3 layers 
        of metal, including 2 outer layers of silver. The dollar coin 
        authorized under subsection (a)(1) shall contain not less than 
        1 gram of newly mined fine silver.''.
    (b) Adjustments to Silver Content.--Section 5112(c) of title 31, 
United States Code, is amended by adding at the end the following: 
``Notwithstanding subsection (b), the Secretary may prescribe the 
weight of silver in the dollar coin if the Secretary determines that 
such action is necessary to ensure an adequate supply of dollar coins 
to meet the needs of the United States.''.
    (c) Design.--Section 5112(d)(1) of title 31, United States Code, is 
amended--
            (1) in the fourth sentence, by striking ``the dollar, half 
        dollar,'' and inserting ``the half dollar''; and
            (2) by striking the fifth and sixth sentences and inserting 
        the following: ``The obverse side of the dollar coin shall bear 
        a likeness of President Dwight D. Eisenhower and the reverse 
        side shall bear a rendering of the Iwo Jima Memorial.''.
    (d) Effective Date.--Not later than 30 months after the date of 
enactment of this Act, the Secretary of the Treasury shall place into 
circulation the one-dollar coins authorized by section 5112(a)(1) of 
title 31, United States Code, in accordance with the amendments made by 
subsections (a), (b), and (c).
                                 <all>