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HR 1278 · 119th Congress — Coin Metal Modification Authorization and Cost Savings Act of 2025

Coin Metal Modification Authorization and Cost Savings Act of 2025 This bill authorizes the United States Mint to modify the metallic composition of circulating coins (including by prescribing reasonable manufacturing tolerances with…

Congress
119
Bill
HR 1278
Status
Introduced
Introduced
2025-02-13
Latest action date
2025-02-13

Summary

Coin Metal Modification Authorization and Cost Savings Act of 2025 This bill authorizes the United States Mint to modify the metallic composition of circulating coins (including by prescribing reasonable manufacturing tolerances with respect to those coins) if a study and analysis conducted by the Mint indicates that the modification will reduce costs incurred by the taxpayers; be seamless, which means that the coins must have the same weight and diameter as current coins and that the coins work interchangeably in most coin acceptors using electromagnetic signature technology; and have as minimal an adverse impact as possible on the public and stakeholders. The Mint must notify Congress before making the modification and provide a justification for the modification. Congress may disapprove of any proposed modification through a joint resolution. Right now, the latest action is: Sent to the Financial Services Committee, and in addition to the Committees on the Budget, and Rules, for a period to be later determined by the Speaker, in each case for consideration of such parts as fall within the area of responsibility of the committee concerned. The listed sponsor is Rep. Amodei, Mark E. [R-NV-2] [R].

This summary may describe an earlier version. Check the official record for current wording.

Latest action

Referred to the Committee on Financial Services, and in addition to the Committees on the Budget, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Sources