Coin Metal Modification Authorization and Cost Savings Act of 2020

Bill: 116-hr-7995
Sponsor: Rep. Amodei, Mark E. [R-NV-2]
Introduced: 2020-08-11 in the House
Policy area: Finance and Financial Sector
Subjects: Congressional oversight
Currency
Government information and archives
Government studies and investigations
Metals

Summary:
action_date: 2020-08-11
text: 

Coin Metal Modification Authorization and Cost Savings Act of 2020

 
This bill authorizes the United States Mint to modify the metallic composition of circulating coins (including by prescribing reasonable manufacturing tolerances with respect to those coins) if a study and analysis conducted by the Mint indicates that the modification will
 
 
 reduce costs incurred by the taxpayers;
 
 be seamless, which shall be determined by verifying that the coins will work interchangeably in most coin acceptors using electromagnetic signature technology; and 
 
have as minimal an adverse impact as possible on the public and stakeholders.
 
 
The Mint must notify Congress before making the modification and provide a justification for the modification.

action_date: 2020-12-02
text: 

Coin Metal Modification Authorization and Cost Savings Act of 2020

 
This bill authorizes the United States Mint to modify the metallic composition of circulating coins (including by prescribing reasonable manufacturing tolerances with respect to those coins) if a study and analysis conducted by the Mint indicates that the modification will
 
 
 reduce costs incurred by the taxpayers;
 
 be seamless, which shall be determined by verifying that the coins will work interchangeably in most coin acceptors using electromagnetic signature technology; and 
 
have as minimal an adverse impact as possible on the public and stakeholders.
 
 
The Mint must notify Congress before making the modification and provide a justification for the modification.


Legislative actions:
action_date: 2020-12-03
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2020-12-02
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2020-12-02
text: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 343 - 41 (Roll no. 228). (text: CR H6037)
action_date: 2020-12-02
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 343 - 41 (Roll no. 228).(text: CR H6037)
action_date: 2020-12-02
text: Considered as unfinished business. (consideration: CR H6039-6040)
action_date: 2020-12-02
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2020-12-02
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 7995.
action_date: 2020-12-02
text: Considered under suspension of the rules. (consideration: CR H6037-6039)
action_date: 2020-12-02
text: Mr. Clay moved to suspend the rules and pass the bill, as amended.
action_date: 2020-08-11
text: Referred to the House Committee on Financial Services.
action_date: 2020-08-11
text: Introduced in House
action_date: 2020-08-11
text: Introduced in House