I 112th CONGRESS 1st Session H. R. 2593 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.

1.

Short title

This Act may be cited as the Wasteful Presidential Coin Act of 2011.

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.

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. .