[Congressional Record Volume 167, Number 137 (Monday, August 2, 2021)]
[Senate]
[Page S5609]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 2194. Ms. ERNST submitted an amendment intended to be proposed to
amendment SA 2137 proposed by Mr. Schumer (for Ms. Sinema (for herself,
Mr. Portman, Mr. Manchin, Mr. Cassidy, Mrs. Shaheen, Ms. Collins, Mr.
Tester, Ms. Murkowski, Mr. Warner, and Mr. Romney)) to the bill H.R.
3684, to authorize funds for Federal-aid highways, highway safety
programs, and transit programs, and for other purposes; which was
ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. ___. METAL COMPOSITION OF CERTAIN COINS.
(a) In General.--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.''.
(b) Transfers of Savings to the Highway Trust Fund.--
Section 9503(b) of the Internal Revenue Code of 1986 is
amended by inserting after paragraph (2) the following new
paragraph:
``(3) Savings from metal composition of coins.--There are
hereby appropriated to the Highway Trust Fund amounts
equivalent to cost savings achieved as a result of
alternation in the composition or construction of coins
pursuant to section 5112(b)(2) of title 31, United States
Code.''.
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