I 

116TH CONGRESS 

2D SESSION H. R. 7995 

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 HOUSE OF REPRESENTATIVES 

AUGUST 11, 2020 

Mr. AMODEI (for himself and Mr. GOTTHEIMER) introduced the following bill; 

which was referred to the Committee on Financial Services 

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’’. 

6 SEC. 2. SAVING FEDERAL FUNDS BY AUTHORIZING 

7 CHANGES TO THE COMPOSITION OF CIRCU8 LATING COINS. 

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

10 amended by adding at the end the following: 


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

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

3 provision of law, and subject to the other provisions 

4 of this subsection, the Director of the United States 

5 Mint (referred to in this subsection as the ‘Direc6 tor’), in consultation with the Secretary, may modify 

7 the metallic composition of circulating coins (includ8 ing by prescribing reasonable manufacturing toler9 ances with respect to those coins) if a study and 

10 analysis conducted by the United States Mint, in11 cluding solicitation of input, including input on ac12 ceptor tolerances and requirements, from industry 

13 stakeholders who could be affected by changes in the 

14 composition of circulating coins, indicates that the 

15 modification will— 

16 ‘‘(A) reduce costs incurred by the tax17 payers of the United States; 

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

19 same diameter and weight as United States 

20 coinage being minted on the date of enactment 

21 of this subsection and that the coins will work 

22 interchangeably in most coin acceptors using 

23 electromagnetic signature technology; and 

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

25 possible on the public and stakeholders. 


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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. 

19 ‘‘(3) CONGRESSIONAL AUTHORITY.—The Direc20 tor may begin making a modification proposed under 

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

22 date on which the Director submits to Congress the 

23 notice required under paragraph (2) with respect to 

24 that modification, unless Congress, during the 90- 


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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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