[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2637 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 2637

 To provide for the minting and circulation of $1 coins, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 8, 1997

  Mr. Castle 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 $1 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 $1 Coin Act of 1997''.

SEC. 2. $1 COINS.

    (a) Weight.--Section 5112(a) of title 31, United States Code, is 
amended by striking ``and weighs 8.1 grams''.
    (b) 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 
        $1 Coin Act of 1997.''.
    (c) Design.--Section 5112(d)(1) of title 31, United States Code, is 
amended by striking out the 5th and 6th sentences and inserting the 
following new sentence: ``The obverse side of the dollar coin shall 
have a design depicting the Statue of Liberty.''.
    (d) Production of Statue of Liberty Coins.--
            (1) In general.--Upon the depletion of the Government's 
        supply (as of the date of the enactment of this Act) of $1 
        coins bearing the likeness of Susan B. Anthony, the Secretary 
        of the Treasury shall place into circulation $1 coins which 
        bear a design depicting the Statue of Liberty (and which 
        otherwise comply with the requirements of subsections (b) and 
        (d)(1) of section 5112 of title 31, United States Code, as 
        amended by subsections (b) and (c) of this section).
            (2) Authority of secretary to continue production.--If the 
        supply of $1 coins bearing the likeness of Susan B. Anthony is 
        depleted before production has begun of $1 coins which bear a 
        design depicting the Statue of Liberty (and which otherwise 
        comply with the requirements of subsections (b) and (d)(1) of 
        section 5112 of title 31, United States Code, as amended by 
        subsections (b) and (c) of this section), the Secretary of the 
        Treasury may continue to mint and issue $1 coins bearing the 
        likeness of Susan B. Anthony in accordance with such section 
        5112 (as in effect on the day before the date of the enactment 
        of this Act) until such time as such production begins.
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