II 

116TH CONGRESS 

2D SESSION S. 4006 

To amend title 31, United States Code, to save Federal funds by authorizing 

changes to the composition of circulating coins, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

JUNE 18, 2020 

Ms. HASSAN (for herself and Mr. ENZI) 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 save Federal 

funds by authorizing changes to the composition of circulating coins, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Coin Metal Modifica5 tion Authorization and Cost Savings Act of 2020’’. 


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•S 4006 IS

1 SEC. 2. SAVING FEDERAL FUNDS BY AUTHORIZING 

2 CHANGES TO THE COMPOSITION OF CIRCU3 LATING COINS. 

4 Section 5112 of title 31, United States Code, is 

5 amended by adding at the end the following: 

6 ‘‘(x) COMPOSITION OF CIRCULATING COINS.— 

7 ‘‘(1) IN GENERAL.—Notwithstanding any other 

8 provision of law, and subject to the other provisions 

9 of this subsection, the Director of the United States 

10 Mint (referred to in this subsection as the ‘Direc11 tor’), in consultation with the Secretary, may modify 

12 the metallic composition of circulating coins (includ13 ing by prescribing reasonable manufacturing toler14 ances with respect to those coins) if a study and 

15 analysis conducted by the United States Mint indi16 cates that the modification will— 

17 ‘‘(A) reduce costs incurred by the tax18 payers of the United States; 

19 ‘‘(B) be seamless, which shall be deter20 mined by verifying that the coins will work 

21 interchangeably in most coin acceptors using 

22 electromagnetic signature technology; and 

23 ‘‘(C) have as minimal an adverse impact as 

24 possible on the public and stakeholders, except 

25 as described in subparagraph (A). 


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1 ‘‘(2) NOTIFICATION TO CONGRESS.—On the 

2 date that is 90 calendar days before the date on 

3 which the Director begins making a modification de4 scribed in paragraph (1), the Director shall submit 

5 to Congress notice that— 

6 ‘‘(A) provides a justification for the modi7 fication, including the support for that modi8 fication in the study and analysis required 

9 under paragraph (1) with respect to the modi10 fication; 

11 ‘‘(B) describes how the modification will 

12 reduce costs incurred by the taxpayers of the 

13 United States; 

14 ‘‘(C) certifies that the modification will be 

15 seamless, as described in paragraph (1)(B); and 

16 ‘‘(D) certifies that the modification will 

17 have as minimal an adverse impact as possible 

18 on the public and stakeholders, except as de19 scribed in paragraph (1)(A). 

20 ‘‘(3) CONGRESSIONAL AUTHORITY.—The Direc21 tor may begin making a modification proposed under 

22 this subsection on the date that is 90 days after the 

23 date on which the Director submits to Congress the 

24 notice required under paragraph (2) with respect to 

25 that modification, unless Congress, during the 90- 


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•S 4006 IS

1 day period beginning on the date on which the Di2 rector submits that notice— 

3 ‘‘(A) finds that the modification is not jus4 tified in light of the information contained in 

5 that notice; and 

6 ‘‘(B) enacts legislation disapproving of the 

7 proposed modification.’’. 

Æ 


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