II 

116TH CONGRESS 

2D SESSION S. 4663 

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 

SEPTEMBER 23, 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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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, in16 cluding solicitation of input, including input on ac17 ceptor tolerances and requirements, from industry 

18 stakeholders who could be affected by changes in the 

19 composition of circulating coins, indicates that the 

20 modification will— 

21 ‘‘(A) reduce costs incurred by the tax22 payers of the United States; 

23 ‘‘(B) be seamless, which shall mean the 

24 same diameter and weight as United States 

25 coinage being minted on the date of enactment 

26 of this subsection and that the coins will work 


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1 interchangeably in most coin acceptors using 

2 electromagnetic signature technology; and 

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

4 possible on the public and stakeholders. 

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

6 date that is 90 calendar days before the date on 

7 which the Director begins making a modification de8 scribed in paragraph (1), the Director shall submit 

9 to Congress notice that— 

10 ‘‘(A) provides a justification for the modi11 fication, including the support for that modi12 fication in the study and analysis required 

13 under paragraph (1) with respect to the modi14 fication; 

15 ‘‘(B) describes how the modification will 

16 reduce costs incurred by the taxpayers of the 

17 United States; 

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

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

20 ‘‘(D) certifies that the modification will 

21 have as minimal an adverse impact as possible 

22 on the public and stakeholders. 

23 ‘‘(3) CONGRESSIONAL AUTHORITY.—The Direc24 tor may begin making a modification proposed under 

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


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1 date on which the Director submits to Congress the 

2 notice required under paragraph (2) with respect to 

3 that modification, unless Congress, during the 90- 

4 day period beginning on the date on which the Di5 rector submits that notice— 

6 ‘‘(A) finds that the modification is not jus7 tified in light of the information contained in 

8 that notice; and 

9 ‘‘(B) enacts legislation disapproving of the 

10 proposed modification.’’. 

Æ 


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