[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 1300 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                S. 1300

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            October 21, 1997

Mr. Grams (for himself and Ms. Moseley-Braun) introduced the following 
 bill; which was read twice and referred to the Committee on Banking, 
                       Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


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

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

SECTION 1. SHORT TITLE.

    (a) Short Title.--This Act may be cited as the ``United States $1 
Coin Act of 1997''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

SEC. 2. NEW $1 COIN.

    (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 first sentence, by striking, ``dollar,''; and
            (2) by inserting after the fourth 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, 
        anti-counterfeiting properties as United States clad coinage in 
        circulation on the date of 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 fifth and sixth sentences and inserting the 
following new sentence: ``The Secretary of the Treasury, in 
consultation with Congress, shall select appropriate designs for the 
obverse and reverse sides of the dollar coin.''.
    (d) Production of New Dollar 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 
        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 may 
        include such $1 coins in any numismatic set produced by the 
        United States Mint before the date on which the $1 coins are 
        placed in circulation.
            (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 which complies 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 shall 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 production 
        begins.

SEC. 3. MARKETING PROGRAM.

    (a) In General.--Before placing into circulation $1 coins 
authorized under section 2 of this Act, the Secretary of the Treasury 
shall adopt a program to promote the use of such coins by commercial 
enterprises, mass transit authorities, and local, State and Federal 
Government agencies.
    (b) Study Required.--The Secretary of the Treasury shall conduct a 
study on the progress of the marketing program authorized by subsection 
(a).
    (c) Report.--No later than March 31, 2001, the Secretary of the 
Treasury shall submit a report to Congress on the results of the study 
conducted pursuant to subsection (b).
                                 <all>