II 

118TH CONGRESS 

1ST SESSION S. 1228 

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 

APRIL 20, 2023 

Ms. HASSAN (for herself and Ms. ERNST) 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 2023’’. 


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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 ‘‘(bb) 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 to a new 

13 metallic composition (including by prescribing rea14 sonable manufacturing tolerances with respect to 

15 those coins) if a study and analysis conducted by the 

16 United States Mint, including solicitation of input, 

17 including input on acceptor tolerances and require18 ments, from industry stakeholders who could be af19 fected by changes in the composition of circulating 

20 coins, indicates that the 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 at least 90 legislative days before the 

7 date on which the Director begins making a modi8 fication described in paragraph (1), the Director 

9 shall submit 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 not earlier than the date that is 90 


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1 legislative days after the date on which the Director 

2 submits to Congress the notice required under para3 graph (2) with respect to that modification, unless 

4 Congress, during the period of 90 legislative days 

5 beginning on the date on which the Director submits 

6 that notice— 

7 ‘‘(A) finds that the modification is not jus8 tified in light of the information contained in 

9 that notice; and 

10 ‘‘(B) enacts a joint resolution of dis11 approval of the proposed modification. 

12 ‘‘(4) PROCEDURES.—For purposes of para13 graph (3)— 

14 ‘‘(A) a joint resolution of disapproval is a 

15 joint resolution the matter after the resolving 

16 clause of which is as follows: ‘That Congress 

17 disapproves the modification submitted by the 

18 Director of the United States Mint.’; and 

19 ‘‘(B) the procedural rules in the House of 

20 Representatives and the Senate for a joint reso21 lution of disapproval described under paragraph 

22 (3) shall be the same as provided for a joint 

23 resolution of disapproval under chapter 8 of 

24 title 5, United States Code.’’. 


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1 SEC. 3. DETERMINATION OF BUDGETARY EFFECTS. 

2 The budgetary effects of this Act, for the purpose of 

3 complying with the Statutory Pay-As-You-Go Act of 2010, 

4 shall be determined by reference to the latest statement 

5 titled ‘‘Budgetary Effects of PAYGO Legislation’’ for this 

6 Act, submitted for printing in the Congressional Record 

7 by the Chairman of the House Budget Committee, pro8 vided that such statement has been submitted prior to the 

9 vote on passage. 

Æ 


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