I 
112TH CONGRESS 
1ST SESSION H. R. 2760 
To amend title 31, United States Code, to improve the minting and issuing 
of coins, to reduce the current excess stockpile of $1 coins, and for 
other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
AUGUST 1, 2011 
Mrs. MALONEY introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To amend title 31, United States Code, to improve the 
minting and issuing of coins, to reduce the current excess 
stockpile of $1 coins, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Presidential Dollar 
Coin Efficiency Act of 2011’’. 
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SEC. 2. REMOVAL OF THE REQUIREMENT TO PROVIDE 
UNMIXED SUPPLIES DURING THE INTRODUC-
TORY PERIOD. 
Section 5112(p)(3)(D) of title 31, United States 
Code, is amended by striking ‘‘ensuring that’’ and all that 
follows through ‘‘circulating coins’’ and inserting ‘‘ensur-
ing that circulating coins’’. 
SEC. 3. LIMITATION ON NUMBER OF PRESIDENTIAL $1 
COINS PRODUCED IN A YEAR. 
Section 5112(n)(4)(B) of chapter 51 of title 31, 
United States Code, is amended— 
(1) by adding before the period the following: ‘‘, 
except that the aggregate number of such coins pro-
duced for a year may not exceed the aggregate num-
ber of coins produced pursuant to this subsection for 
the previous year’’; and 
(2) by adding at the end the following: ‘‘Not-
withstanding the previous sentence, if the Secretary 
determines that the demand for a particular design 
during a year will exceed the amount of coins able 
to be produced under the limitation in the previous 
sentence, the Secretary may waive such limitation 
with respect to such design.’’. 
SEC. 4. PUBLICITY OF PRESIDENTIAL $1 COINS. 
Section 5112(p)(2) of title 31, United States Code, 
is amended by striking ‘‘shall’’ and inserting ‘‘may’’. 
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SEC. 5. REDUCTION IN EXCESS STOCKPILES OF $1 COINS. 
The Secretary of the Treasury, in consultation with 
the Board of Governors of the Federal Reserve System, 
shall reduce the number of $1 coins minted and issued 
by the Secretary under subsections (n) and (r) of section 
5112 of title 31, United States Code, until such time as 
the excess stockpiles of $1 coins have been eliminated. 
SEC. 6. REPORTS. 
(a) ANNUAL REPORT ON STEPS TAKEN TO REDUCE 
STOCKPILES.—Section 5112(p)(3)(B) of title 31, United 
States Code, is amended— 
(1) by striking ‘‘annual report’’ and inserting 
‘‘annual joint report’’; 
(2) by redesignating clauses (ii) and (iii) as 
clauses (iii) and (iv), respectively; and 
(3) by inserting after clause (i) the following 
new clause: 
‘‘(ii) steps taken to reduce excess 
stockpiles of $1 coins;’’. 
(b) COIN PRODUCTION COSTS AND CONTENT.—The 
Secretary of the Treasury shall issue the initial report re-
quired under section 3(a) of the Coin Modernization, 
Oversight, and Continuity Act of 2010 by March 31, 2012, 
or, if the Secretary determines that such report is not 
ready by that date, the Secretary shall issue an interim 
report to the Committee on Financial Services of the 
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House of Representatives and the Committee on Banking, 
Housing, and Urban Affairs of the Senate containing such 
information, determinations, and recommendations as the 
Secretary has at that time. 
(c) TESTIMONY REQUIRED.—Section 3(a) of the Coin 
Modernization, Oversight, and Continuity Act of 2010 is 
amended by adding at the end the following: ‘‘Each time 
such report is made, the Secretary of the Treasury, or his 
designee, shall testify to the Committee on Financial Serv-
ices of the House of Representatives and the Committee 
on Banking, Housing, and Urban Affairs of the Senate 
on the contents of the report.’’. 
Æ 
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