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Bill116th CongressFiled Aug 11, 2020Finance and Financial Sector
H.R. 7995

Coin Metal Modification Authorization and Cost Savings Act of 2020

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house (Dec 2, 2020)

Coin Metal Modification Authorization and Cost Savings Act of 2020

This bill authorizes the United States Mint to modify the metallic composition of circulating coins (including by prescribing reasonable manufacturing tolerances with respect to those coins) if a study and analysis conducted by the Mint indicates that the modification will

  • reduce costs incurred by the taxpayers;
  • be seamless, which shall be determined by verifying that the coins will work interchangeably in most coin acceptors using electromagnetic signature technology; and
  • have as minimal an adverse impact as possible on the public and stakeholders.

The Mint must notify Congress before making the modification and provide a justification for the modification.

What just happenedDec 3, 2020

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Amodei, Mark E. [R-NV-2](R-NV)Sponsor
5 cosponsors1 D4 R
Read on Congress.gov
5cosponsors2committees12actions1related bills5subjects
  1. Dec 3, 2020IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Dec 2, 2020FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Dec 2, 2020FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 343 - 41 (Roll no. 228). (text: CR H6037)

  4. Dec 2, 2020Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 343 - 41 (Roll no. 228).(text: CR H6037)

  5. Dec 2, 2020FloorH30000

    Considered as unfinished business. (consideration: CR H6039-6040)

  6. Dec 2, 2020FloorH37220

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

  7. Dec 2, 2020FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 7995.

  8. Dec 2, 2020FloorH30000

    Considered under suspension of the rules. (consideration: CR H6037-6039)

  9. Dec 2, 2020FloorH30300

    Mr. Clay moved to suspend the rules and pass the bill, as amended.

  10. Aug 11, 2020IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  11. Aug 11, 2020IntroReferralIntro-H

    Introduced in House

  12. Aug 11, 2020IntroReferral1000

    Introduced in House

Passed HouseDec 2, 202053

Coin Metal Modification Authorization and Cost Savings Act of 2020

This bill authorizes the United States Mint to modify the metallic composition of circulating coins (including by prescribing reasonable manufacturing tolerances with respect to those coins) if a study and analysis conducted by the Mint indicates that the modification will

  • reduce costs incurred by the taxpayers;
  • be seamless, which shall be determined by verifying that the coins will work interchangeably in most coin acceptors using electromagnetic signature technology; and
  • have as minimal an adverse impact as possible on the public and stakeholders.

The Mint must notify Congress before making the modification and provide a justification for the modification.

Introduced in HouseAug 11, 2020

Coin Metal Modification Authorization and Cost Savings Act of 2020

This bill authorizes the United States Mint to modify the metallic composition of circulating coins (including by prescribing reasonable manufacturing tolerances with respect to those coins) if a study and analysis conducted by the Mint indicates that the modification will

  • reduce costs incurred by the taxpayers;
  • be seamless, which shall be determined by verifying that the coins will work interchangeably in most coin acceptors using electromagnetic signature technology; and
  • have as minimal an adverse impact as possible on the public and stakeholders.

The Mint must notify Congress before making the modification and provide a justification for the modification.

Coin Metal Modification Authorization and Cost Savings Act of 2020 — Informed