[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 1794 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 1794

 To amend title 31, United States Code, to permit the Secretary of the 
 Treasury to determine the metal composition of certain coins, and for 
                            other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                             June 12, 2019

   Ms. Ernst introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

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                                 A BILL


 
 To amend title 31, United States Code, to permit the Secretary of the 
 Treasury to determine the metal composition of certain 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 ``Currency Evolution Now To Save Act'' 
or the ``CENTS Act''.

SEC. 2. METAL COMPOSITION OF CERTAIN COINS.

    Section 5112(b) of title 31, United States Code, is amended--
            (1) by inserting ``(1)'' after ``(b)''; and
            (2) by adding at the end the following:
    ``(2) Notwithstanding paragraph (1), the Secretary may prescribe a 
composition of materials in, and a construction of, the half dollar, 
quarter dollar, dime, or 5-cent coin that varies from the composition 
and construction required under that paragraph with respect to the coin 
(including by using different metals in the alloy for the coin than 
those required under that paragraph) if that action by the Secretary--
            ``(A) reduces the overall cost of minting the coin; and
            ``(B) does not affect--
                    ``(i) the diameter and weight of the coin specified 
                under subsection (a); or
                    ``(ii) the functionality of the coin, including the 
                electromagnetic signature with respect to the 
                acceptance of the coin.''.
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