Stop the Coin Act

Bill: 113-hr-220
Sponsor: full_name: Rep. Walden, Greg [R-OR-2]
Introduced: 2013-01-14
Policy area: Economics and Public Finance
Subjects: Budget deficits and national debt

Currency

Monetary policy
Latest action: action_date: 2013-01-14
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2013-01-14
action_desc: Introduced in House
text: <p>Stop the Coin Act - Prohibits the Secretary of the Treasury from minting or issuing any coins, including proof platinum coins, having a nominal, or face, value exceeding $200. </p> <BR>

tv_txt: I 113th CONGRESS 1st Session H. R. 220 IN THE HOUSE OF REPRESENTATIVES January 14, 2013 Mr. Walden (for himself, Mr. Lance , Mr. Sessions , Mr. Hudson , Mr. Westmoreland , Mr. Holding , Mr. Chaffetz , Mrs. Noem , Mr. Fincher , Mr. Campbell , Mr. Luetkemeyer , Mr. Jones , Mr. Nugent , Mr. Aderholt , Mr. Nunnelee , Mr. Yoder , Mr. Thornberry , Mr. Kinzinger of Illinois , Mr. Latta , and Mr. Miller of Florida ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend section 5112 of title 31, United States Code, to limit the face value of coins that the Secretary of the Treasury may issue, and for other purposes.

1. Short title This Act may be cited as the Stop the Coin Act . 2. Limitation on face value of coins Section 5112 of title 31, United States Code, is amended— (1) in subsection (k)— (A) by inserting having such nominal, or face, values as the Secretary may determine but not in any case exceeding $200 after platinum coins ; and (B) by striking denominations, ; and (2) by adding at the end the following new subsection: (w) Limitation on face value The Secretary may not mint or issue any coin having a nominal, or face, value exceeding $200. .