I 
112TH CONGRESS 
1ST SESSION H. R. 2789 
To amend title 31, United States Code, to suspend the issuance of $1 
coins for a 15-year period, or until excess stockpiles are exhausted, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
AUGUST 1, 2011 
Mr. YODER introduced the following bill; which was referred to the Committee 
on Financial Services 
A BILL 
To amend title 31, United States Code, to suspend the 
issuance of $1 coins for a 15-year period, or until excess 
stockpiles are exhausted, 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 ‘‘Prevention of Wasteful 
and Unneeded Coins Act of 2011’’. 
SEC. 2. FINDINGS. 
The Congress finds the following: 
(1) A substantially large surplus of $1 coins, 
both from the Presidential series and the Sacagawea 
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series, have accumulated in the vaults of the Federal 
Reserve System in excess of over a billion dollars. 
(2) The United States mint is statutorily re-
quired to continue to mint four new presidential 
coins each year until the program is complete with-
out consideration of excess waste or unnecessary 
surpluses. 
(3) The Secretary of the Treasury grossly over-
estimated the public support for $1 coins and there-
fore has allowed for the buildup of an unnecessary 
stockpile of $1 coins. 
(4) Minting of coins should be based on actual 
demand and not future estimates. 
(5) There needs to be a reduction in wasteful 
programs that are a drain on taxpayer dollars. 
SEC. 3. SUSPENSION OF ISSUANCE OF $1 COINS DUE TO EX-
CESS STOCKPILES. 
Section 5112(n) of title 31, United States Code, is 
amended by adding at the end the following new para-
graphs: 
‘‘(10) SUSPENSION OF ISSUANCE OF $1 COINS 
DUE TO EXCESS STOCKPILES.— 
‘‘(A) IN
GENERAL.—No coins shall be 
issued under this subsection or subsection (r) 
during the 15-year period beginning on the date 
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of the enactment of the Prevention of Wasteful 
and Unneeded Coins Act of 2011. 
‘‘(B) EXCEPTION TO MEET DEMAND.—If, 
during any period within the 15-year period de-
scribed under subparagraph (A), the Secretary, 
in consultation with the Board of Governors of 
the Federal Reserve System, determines that 
the demand for $1 coins exceeds the amount of 
$1 coins held in reserve, the Secretary shall cer-
tify such fact to the Congress and may, during 
such period, resume the issuance of coins under 
this subsection and subsection (r). 
‘‘(11) AVOIDANCE OF EXCESS STOCKPILES.— 
Notwithstanding any other provision of law, the Sec-
retary may not issue any $1 coins under this section 
if such issuance would result in an excess stockpile 
of $1 coins not in circulation.’’. 
SEC. 4. REMOVAL OF 20 PERCENT MINTING REQUIREMENT 
FOR SACAGAWEA-DESIGN COINS. 
Section 5112(r) of title 31, United States Code, is 
amended by striking paragraph (5). 
SEC. 5. REMOVAL OF UNMIXED SUPPLIES REQUIREMENT 
DURING INTRODUCTORY PERIOD. 
Section 5112(p)(3)(D) of title 31, United States 
Code, is amended by striking ‘‘ensuring that—’’ and all 
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that follows through ‘‘(ii) circulating coins’’ and inserting 
‘‘ensuring that circulating coins’’. 
Æ 
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