[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 185 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                 S. 185

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


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                   IN THE SENATE OF THE UNITED STATES

                            February 2, 2021

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

_______________________________________________________________________

                                 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:
    ``(w) 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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