H.R. 2789 · 112th Congress
Prevention of Wasteful and Unneeded Coins 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.
R
YoderSponsor7 cosponsors · 7 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Prevention of Wasteful and Unneeded Coins Act of 2011 - Amends federal law governing coins and currency to prohibit, for a 15-year period, the issuance of $1 dollar coins honoring each of the Presidents of the United States.
What it does: CRS summary · Introduced in House · Aug 1, 2011
Prevention of Wasteful and Unneeded Coins Act of 2011 - Amends federal law governing coins and currency to prohibit, for a 15-year period, the issuance of $1 dollar coins honoring each of the Presidents of the United States.
Authorizes the Secretary of the Treasury to resume issuance of such coins if the demand for $1 coins exceeds the number of them held in reserve.
Prohibits the Secretary from issuing any $1 coins if it would result in an excess stockpile of $1 coins not in circulation.
Repeals the requirement that the number of $1 coins minted and issued in a year with the Sacagawea design on the obverse be at least 20% of the total of such coins.
Repeals the requirement that, during an introductory period, all institutions that want to are able to obtain unmixed supplies of each newly-issued design of $1 coins minted under the President $1 and the First Spouse bullion coin programs.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Prevention of Wasteful and Unneeded Coins 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.