[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2593 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 2593

To amend title 31, United States Code, to terminate the Presidential $1 
                 Coin Program, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 19, 2011

 Ms. Speier (for herself and Mr. Polis) introduced the following bill; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To amend title 31, United States Code, to terminate the Presidential $1 
                 Coin Program, 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 ``Wasteful Presidential Coin Act of 
2011''.

SEC. 2. TERMINATION OF THE PRESIDENTIAL $1 COIN PROGRAM.

    (a) In General.--Section 5112 of title 31, United States Code, is 
amended by striking subsection (n).
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect at the end of the 30-day period beginning on the date of 
the enactment of this Act.

SEC. 3. RESTRICTION ON OVERPRODUCTION OF $1 COINS.

    Section 5112 of title 31, United States Code, is amended by adding 
at the end the following new subsection:
    ``(w) Restriction on Overproduction of $1 Coins.--Notwithstanding 
any other provision of this section, no $1 coin may be minted or issued 
under this section during any period in which the number of $1 coins 
issued, but not in circulation, is more than 10 percent of the number 
of $1 coins in circulation.''.
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