Cancel the Coin Act

Bill: 118-hr-440
Sponsor: full_name: Rep. Timmons, William R. IV [R-SC-4]
Introduced: 2023-01-20
Policy area: Finance and Financial Sector
Latest action: action_date: 2023-01-20
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2023-01-20
action_desc: Introduced in House
text: <p><b>Cancel the Coin Act</b></p> <p>This bill prohibits the Department of the Treasury from minting or issuing any coin, including platinum bullion coins and proof platinum coins, having a nominal or face value exceeding $200.</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 440 IN THE HOUSE OF REPRESENTATIVES January 20, 2023 Mr. Timmons introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend title 31, United States Code, to limit the face value of coins.

1. Short title This Act may be cited as the Cancel 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: (bb) Limitation on face value The Secretary may not mint or issue any coin having a nominal, or face, value exceeding $200. .