[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3330 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3330

To authorize the Secretary of the Treasury to prescribe the weights and 
     the compositions of circulating coins, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 2, 2007

 Mr. Gutierrez (for himself and Mr. Frank of Massachusetts) introduced 
 the following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
To authorize the Secretary of the Treasury to prescribe the weights and 
     the compositions of circulating 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 ``Coinage Materials Modernization Act 
of 2007''.

SEC. 2. WEIGHTS AND COMPOSITIONS OF CIRCULATING COINS.

    (a) Weight and Composition of Circulating Coins Determined by the 
Secretary.--Section 5112(c) of title 31, United States Code, is amended 
to read as follows:
    ``(c) Weight and Composition of Coins.--The Secretary shall 
prescribe the weight and the composition of the dollar, half dollar, 
quarter dollar, dime, 5-cent, and 1-cent coins. In prescribing the 
weight and the composition of the dollar, half dollar, quarter dollar, 
dime, 5-cent, and 1-cent coins, the Secretary shall consider such 
factors that the Secretary considers, in the Secretary's sole 
discretion, to be appropriate.''.
    (b) Technical and Conforming Amendments.--
            (1) Section 5112(a) of title 31, United States Code, is 
        amended--
                    (A) in paragraph (2), by striking ``and weighs 
                11.34 grams'';
                    (B) in paragraph (3), by striking ``and weighs 5.67 
                grams'';
                    (C) in paragraph (4), by striking ``and weighs 
                2.268 grams'';
                    (D) in paragraph (5), by striking ``and weighs 5 
                grams''; and
                    (E) by striking paragraph (6) and inserting the 
                following new paragraph:
            ``(6) A 1-cent coin that is 0.75 inch in diameter.''.
            (2) Section 5112(b) of title 31, United States Code, is 
        amended to read as follows:
    ``(b) Specifications for $1 Coins and Gold Coins.--The $1 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 
coinage in circulation on the date of enactment of the United States $1 
Coin Act of 1997. In minting gold coins, the Secretary shall use alloys 
that vary not more than 0.1 percent from the percent of gold required. 
The specifications for alloys are by weight.''.
            (3) Section 5113(a) of title 31, United States Code, is 
        amended--
                    (A) in the 1st sentence, by striking ``and dime 
                coins'' and inserting ``dime, 5-cent, and 1-cent 
                coins.''; and
                    (B) by striking the second and third sentences.
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