H.R. 3305 · 113th Congress
Currency Optimization, Innovation, and National Savings Act
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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
FitzpatrickSponsor16 cosponsors · 8 D, 8 R
D
Brady
WE
D
Enyart
TF
R
Franks
JG
D
Garcia
WJ
R
Jones
GM
D
Meeks
PT
R
Tiberi
PT
D
Tonko
KC
R
Calvert
PG
R
Gosar
LS
D
Slaughter
MS
R
Salmon
RH
R
Hanna
KS
D
Sinema
DH
R
Hunter
AL
D
Lowenthal8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Currency Optimization, Innovation, and National Savings Act - Requires the Board of Governors of the Federal Reserve System (Federal Reserve Board) to sequester all $1 coins bearing the design common to those $1 coins minted and issued from 1979-1981 and again in 1999.
What it does: CRS summary · Introduced in House · Oct 22, 2013
Currency Optimization, Innovation, and National Savings Act - Requires the Board of Governors of the Federal Reserve System (Federal Reserve Board) to sequester all $1 coins bearing the design common to those $1 coins minted and issued from 1979-1981 and again in 1999.
Allows the release of such sequestered coins to collectible coin dealers and countries that have adopted the U.S. dollar as their base unit of exchange.
Directs the Federal Reserve Board to: (1) undertake efforts to improve, and remove barriers to, the circulation of all other $1 coins; and (2) work with the U.S. Mint, consumer groups, media outlets, and schools to publicize the Presidential $1 Coin Program.
Requires the Federal Reserve Board to report to Congress on the Board's efforts to improve the circulation of, and remove barriers to, the circulation of $1 coins bearing Native American designs.
Declares it is U.S. policy that after consumers and retailers are comfortable using and able to obtain adequate supplies of $1 coins, such $1 coins should replace $1 Federal Reserve notes as the only $1 monetary unit issued and circulated by the Federal Reserve System.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Currency Optimization, Innovation, and National Savings Act
Latest action (Oct 22, 2013): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Oct 22, 2013
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.