II 110th CONGRESS 1st Session S. 1986 IN THE SENATE OF THE UNITED STATES August 3, 2007 Mr. Allard (for himself and Mr. Salazar) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 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 coins

Section 5112 of title 31, United States Code, is amended— (1)in subsection (a)— (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)in paragraph (6)— (i)by striking except as provided under subsection (c) of this section,; and (ii)by striking and weighs 3.11 grams; (2)in subsection (b), by striking the first, second, third, fourth, sixth, seventh, and eighth sentences; and (3)by striking subsection (c) and inserting the following: (c)

Weight and composition

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 as the Secretary considers, in the Secretary's sole discretion, to be appropriate. .

3.

Conforming amendment

Section 5113(a) of title 31, United States Code, is amended— (1)by striking and dime coins and inserting dime, 5-cent, and 1-cent coins; and (2)by striking the second and third sentences.