(1) The backlog of more than 1.2 billion coins 
in Federal Reserve System vaults is highly con-
cerning. 
(2) Overinflated demand for coin collecting pur-
poses and lack of transactional demand by the gen-
eral public has led to backlog of these coins. 
(3) Continued production of these coins will 
maintain seigniorage and help pay down our na-
tional deficit. 
SEC. 3. 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 
that follows through ‘‘(ii) circulating coins’’ and inserting 
‘‘ensuring that circulating coins’’. 
SEC. 4. REDUCTION IN THE NUMBER OF PRESIDENTS HON-
ORED IN A YEAR FROM 4 TO 2. 
Section 5112(n)(4) of title 31, United States Code, 
is amended— 
(1) in the heading, by striking ‘‘4’’ and insert-
ing ‘‘2’’; 
(2) in subparagraph (A), by striking ‘‘4 Presi-
dents’’ and inserting ‘‘2 Presidents’’; and 
(3) in the heading of subparagraph (B), by 
striking ‘‘4’’ and inserting ‘‘2’’. 
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SEC. 5. POSTPONEMENT OF NATIVE AMERICAN $1 COIN 
ISSUANCE. 
Section 5112(r) of chapter 51 of title 31, United 
States Code, is amended— 
(1) in paragraph (1)(A)— 
(A) by striking ‘‘beginning January 1, 
2008’’ and inserting ‘‘beginning on the termi-
nation of the issuance of coins under subsection 
(n)’’; and 
(B) by striking ‘‘in addition to the coins to 
be issued pursuant to subsection (n),’’; and 
(2) by striking paragraph (5). 
SEC. 6. LIMITATION ON MINTING OF PRESIDENTIAL $1 
COINS. 
Section 5112(n)(4)(B) of chapter 51 of title 31, 
United States Code, is amended— 
(1) by inserting before the period the following: 
‘‘, except that the aggregate number of all coins for 
circulation issued under this subsection for any such 
year shall not exceed the number of $1 coins sold 
only as numismatic items during the previous cal-
endar year’’; and 
(2) by adding at the end the following: ‘‘If the 
Secretary determines that the demand for a par-
ticular design during a year will exceed the amount 
of coins able to be produced under the limitation in 
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the previous sentence, the Secretary may waive such 
limitation with respect to such design.’’. 
SEC. 7. REFORM TO THE DIRECT SHIP PROGRAM. 
The Circulating $1 Coin Direct Ship Program of the 
United States Mint shall only be available to persons who 
are purchasing $1 coins for coin collection purposes. 
SEC. 8. TECHNICAL CORRECTIONS. 
Section 5112(p)(3) of chapter 51 of title 31, United 
States Code, is amended— 
(1) in subparagraph (D), by adding ‘‘and’’ at 
the end; 
(2) in subparagraph (E), by striking ‘‘; and’’ 
and inserting a period; and 
(3) by striking subparagraph (F). 
SEC. 9. SENSE OF CONGRESS. 
It is the sense of Congress— 
(1) that the Board of Governors of the Federal 
Reserve System should do everything in its power to 
address the backlog of $1 coins in its vaults by mak-
ing them as accessible as possible to the public for 
purposes of circulation; and 
(2) the United States Mint should continue the 
production of Sacagawea coins for circulation pur-
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poses upon completion of the Presidential $1 Coin 
Program. 
Æ 
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