H.R. 2760 · 112th Congress
Presidential Dollar Coin Efficiency Act of 2011
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MaloneySponsor2 cosponsors · 2 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Presidential Dollar Coin Efficiency Act of 2011 - Repeals the requirement that the Board of Governors of the Federal Reserve System and the Secretary of the Treasury take steps to ensure that designated institutions are able to obtain, during an introductory period, unmixed supplies of newly-issued design of $1 coins.
What it does: CRS summary · Introduced in House · Aug 1, 2011
Presidential Dollar Coin Efficiency Act of 2011 - Repeals the requirement that the Board of Governors of the Federal Reserve System and the Secretary of the Treasury take steps to ensure that designated institutions are able to obtain, during an introductory period, unmixed supplies of newly-issued design of $1 coins.
Limits the number of presidential $1 coins produced in a year to the aggregate number of such coins produced for the previous year. Authorizes the Secretary, however, to waive such limitation upon a determination that demand for a particular design during the year will exceed the amount of coins able to be produced under such limitation.
Changes from mandatory to discretionary the authority of the Director of the U.S. Mint to work closely with designated entities to ensure adequate publicity regarding inauguration of the presidential $1 Coin Program.
Requires the Secretary to reduce the number of $1 coins minted and issued honoring each of the Presidents of the United States and Native Americans until excess stockpiles of $1 coins have been eliminated.
Directs the Secretary and the Board to include in their annual joint report to Congress the steps taken to reduce excess stockpiles of $1 coins.
Amends the Coin Modernization, Oversight, and Continuity Act of 2010 with respect to testimony before certain congressional committees on required reports on coin production costs and content.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Presidential Dollar Coin Efficiency Act of 2011
Latest action (Aug 22, 2011): Referred to the Subcommittee on Domestic Monetary Policy and Technology.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Aug 1, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.