[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5472 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 5472

   To amend title 31, United States Code, to limit the face value of 
                                 coins.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 30, 2021

 Mr. Timmons introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 A BILL


 
   To amend title 31, United States Code, to limit the face value of 
                                 coins.

    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 ``Cancel the Coin Act''.

SEC. 2. LIMITATION ON FACE VALUE OF COINS.

    Section 5112 of title 31, United States Code, is amended--
            (1) in subsection (k)--
                    (A) by inserting ``having such nominal, or face, 
                values as the Secretary may determine but not in any 
                case exceeding $200'' after ``platinum coins''; and
                    (B) by striking ``denominations,''; and
            (2) by adding at the end the following new subsection:
    ``(bb) Limitation on Face Value.--The Secretary may not mint or 
issue any coin having a nominal, or face, value exceeding $200.''.
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