Bullion and Collectible Coin Production Efficiency and Cost Savings Act

Bill: 114-hr-1698
Sponsor: full_name: Rep. Huizenga, Bill [R-MI-2]
Introduced: 2015-03-26
Policy area: Finance and Financial Sector
Subjects: Commemorative events and holidays

Currency

Metals
Latest action: action_date: 2015-06-24
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2015-03-26
action_desc: Introduced in House
text: <p><b>Bullion and Collectible Coin Production Efficiency and Cost Savings Act </b></p> <p>This bill repeals: (1) the authority of the Secretary of the Treasury to change the design of certain gold bullion coins, and (2) requirements for the protective covering for certain bullion coins.</p> <p> The copper content requirements for quarter dollar coins are repealed, and the silver content is required to be not less than 90%.</p> <p>Technical revisions are made to the requirements for palladium bullion investment coins. </p>

action_date: 2015-06-23
action_desc: Passed House amended
text: <p><b>Bullion and Collectible Coin Production Efficiency and Cost Savings Act </b></p> <p>(Sec. 2) This bill repeals: (1) the authority of the Secretary of the Treasury to change the design of certain gold bullion coins, and (2) requirements for the protective covering for certain bullion coins.</p> <p> The copper content requirements for quarter dollar coins are repealed and the silver content is required to be not less than 90%.</p> <p>Technical revisions are made to the requirements for palladium bullion investment coins. </p> <p>(Sec. 3) Proof and uncirculated versions of American Eagle silver coins issued during calendar year 2016 shall have a smooth edge incused with a designation that notes the 30th anniversary of the first issue of such coins.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 1698 IN THE HOUSE OF REPRESENTATIVES March 26, 2015 Mr. Huizenga of Michigan (for himself and Mrs. Carolyn B. Maloney of New York ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend design and content requirements for certain gold and silver coins, and for other purposes.

1. Short title This Act may be cited as the Bullion and Collectible Coin Production Efficiency and Cost Savings Act . 2. Technical corrections Title 31, United States Code, is amended— (1) in section 5112— (A) in subsection (q)— (i) by striking paragraphs (3) and (8); and (ii) by redesignating paragraphs (4), (5), (6), and (7) as paragraphs (3), (4), (5), and (6), respectively; (B) in subsection (t)(6)(B), by striking 90 percent silver and 10 percent copper and inserting not less than 90 percent silver ; and (C) in subsection (v)— (i) in paragraph (1), by striking Subject to and all that follows through the Secretary shall and inserting The Secretary shall ; (ii) in paragraph (2)(A), by striking The Secretary and inserting To the greatest extent possible, the Secretary ; (iii) in paragraph (5), by inserting after may issue the following: collectible versions of ; and (iv) by striking paragraph (8); and (2) in section 5132(a)(2)(B)(i), by striking 90 percent silver and 10 percent copper and inserting not less than 90 percent silver .

tv_txt: I 114th CONGRESS 1st Session H. R. 1698 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend design and content requirements for certain gold and silver coins, and for other purposes.

1. Short title This Act may be cited as the Bullion and Collectible Coin Production Efficiency and Cost Savings Act . 2. Technical corrections Title 31, United States Code, is amended— (1) in section 5112— (A) in subsection (q)— (i) by striking paragraphs (3) and (8); and (ii) by redesignating paragraphs (4), (5), (6), and (7) as paragraphs (3), (4), (5), and (6), respectively; (B) in subsection (t)(6)(B), by striking 90 percent silver and 10 percent copper and inserting not less than 90 percent silver ; and (C) in subsection (v)— (i) in paragraph (1), by striking Subject to and all that follows through the Secretary shall and inserting The Secretary shall ; (ii) in paragraph (2)(A), by striking The Secretary and inserting To the greatest extent possible, the Secretary ; (iii) in paragraph (5), by inserting after may issue the following: collectible versions of ; and (iv) by striking paragraph (8); and (2) in section 5132(a)(2)(B)(i), by striking 90 percent silver and 10 percent copper and inserting not less than 90 percent silver . 3. American Eagle Silver Bullion 30th Anniversary Proof and uncirculated versions of coins issued by the Secretary of the Treasury pursuant to subsection (e) of section 5112 of title 31, United States Code, during calendar year 2016 shall have a smooth edge incused with a designation that notes the 30th anniversary of the first issue of coins under such subsection.

Passed the House of Representatives June 23, 2015. Karen L. Haas, Clerk.

tv_txt: IIB 114th CONGRESS 1st Session H. R. 1698 IN THE SENATE OF THE UNITED STATES June 24, 2015 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To amend design and content requirements for certain gold and silver coins, and for other purposes.

1. Short title This Act may be cited as the Bullion and Collectible Coin Production Efficiency and Cost Savings Act . 2. Technical corrections Title 31, United States Code, is amended— (1) in section 5112— (A) in subsection (q)— (i) by striking paragraphs (3) and (8); and (ii) by redesignating paragraphs (4), (5), (6), and (7) as paragraphs (3), (4), (5), and (6), respectively; (B) in subsection (t)(6)(B), by striking 90 percent silver and 10 percent copper and inserting not less than 90 percent silver ; and (C) in subsection (v)— (i) in paragraph (1), by striking Subject to and all that follows through the Secretary shall and inserting The Secretary shall ; (ii) in paragraph (2)(A), by striking The Secretary and inserting To the greatest extent possible, the Secretary ; (iii) in paragraph (5), by inserting after may issue the following: collectible versions of ; and (iv) by striking paragraph (8); and (2) in section 5132(a)(2)(B)(i), by striking 90 percent silver and 10 percent copper and inserting not less than 90 percent silver . 3. American Eagle Silver Bullion 30th Anniversary Proof and uncirculated versions of coins issued by the Secretary of the Treasury pursuant to subsection (e) of section 5112 of title 31, United States Code, during calendar year 2016 shall have a smooth edge incused with a designation that notes the 30th anniversary of the first issue of coins under such subsection.

Passed the House of Representatives June 23, 2015. Karen L. Haas, Clerk