110 HR 3330 IH: To authorize the Secretary of the Treasury to prescribe U.S. House of Representatives 2007-08-02 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 110th CONGRESS 1st Session H. R. 3330 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.

1.

Short title

This Act may be cited as the Coinage Materials Modernization Act of 2007.

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.