[Congressional Record Volume 167, Number 139 (Wednesday, August 4, 2021)]
[Senate]
[Page S5866]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2532. Ms. HASSAN (for herself and 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. ___. SAVING FEDERAL FUNDS BY AUTHORIZING CHANGES TO THE 
                   COMPOSITION OF CIRCULATING COINS.

       (a) In General.--Section 5112 of title 31, United States 
     Code, is amended by adding at the end the following:
       ``(bb) Composition of Circulating Coins.--
       ``(1) In general.--Notwithstanding any other provision of 
     law, and subject to the other provisions of this subsection, 
     the Director of the United States Mint (referred to in this 
     subsection as the `Director'), in consultation with the 
     Secretary, may modify the metallic composition of circulating 
     coins to a new metallic composition (including by prescribing 
     reasonable manufacturing tolerances with respect to those 
     coins) if a study and analysis conducted by the United States 
     Mint, including solicitation of input, including input on 
     acceptor tolerances and requirements, from industry 
     stakeholders who could be affected by changes in the 
     composition of circulating coins, indicates that the 
     modification will--
       ``(A) reduce costs incurred by the taxpayers of the United 
     States;
       ``(B) be seamless, which shall mean the same diameter and 
     weight as United States coinage being minted on the date of 
     enactment of this subsection and that the coins will work 
     interchangeably in most coin acceptors using electromagnetic 
     signature technology; and
       ``(C) have as minimal an adverse impact as possible on the 
     public and stakeholders.
       ``(2) Notification to congress.--On the date that is at 
     least 90 legislative days before the date on which the 
     Director begins making a modification described in paragraph 
     (1), the Director shall submit to Congress notice that--
       ``(A) provides a justification for the modification, 
     including the support for that modification in the study and 
     analysis required under paragraph (1) with respect to the 
     modification;
       ``(B) describes how the modification will reduce costs 
     incurred by the taxpayers of the United States;
       ``(C) certifies that the modification will be seamless, as 
     described in paragraph (1)(B); and
       ``(D) certifies that the modification will have as minimal 
     an adverse impact as possible on the public and stakeholders.
       ``(3) Congressional authority.--The Director may begin 
     making a modification proposed under this subsection not 
     earlier than the date that is 90 legislative days after the 
     date on which the Director submits to Congress the notice 
     required under paragraph (2) with respect to that 
     modification, unless Congress, during the period of 90 
     legislative days beginning on the date on which the Director 
     submits that notice--
       ``(A) finds that the modification is not justified in light 
     of the information contained in that notice; and
       ``(B) enacts a joint resolution of disapproval of the 
     proposed modification.
       ``(4) Procedures.--For purpose of paragraph (3)--
       ``(A) a joint resolution of disapproval is a joint 
     resolution the matter after the resolving clause of which is 
     as follows: `That Congress disapproves the modification 
     submitted by the Director of the United States Mint.'; and
       ``(B) the procedural rules in the House of Representatives 
     and the Senate for a joint resolution of disapproval 
     described in that paragraph shall be the same as provided for 
     a joint resolution of disapproval under chapter 8 of title 
     5.''.
       (b) Determination of Budgetary Effects.--The budgetary 
     effects of this section, for the purpose of complying with 
     the Statutory Pay-As-You-Go Act of 2010, shall be determined 
     by reference to the latest statement titled ``Budgetary 
     Effects of PAYGO Legislation'' for this section, submitted 
     for printing in the Congressional Record by the Chairman of 
     the House Budget Committee, provided that such statement has 
     been submitted prior to the vote on passage.
                                 ______