U.S. Congress - H.R.5512 Coin Modernization and Taxpayer Savings Act of 2008
H.R.5512 - Coin Modernization and Taxpayer Savings Act of 2008
To authorize the Secretary of the Treasury to prescribe the weights and the compositions of circulating coins, and for other purposes. view all titles (4)
All Bill Titles
- Short: Coin Modernization and Taxpayer Savings Act of 2008 as introduced.
- Official: To authorize the Secretary of the Treasury to prescribe the weights and the compositions of circulating coins, and for other purposes. as introduced.
- Official: To reduce the costs of producing 1-cent and 5-cent coins, provide authority to the Secretary of the Treasury to perform research and development on new metallic content for circulating coins, and to require biennial reports to Congress on circulating coin production costs and possible alternative metallic content. as amended by house.
- Short: Coin Modernization and Taxpayer Savings Act of 2008 as passed house.
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Official Summary
5/8/2008--Passed House amended. Coin Modernization and Taxpayer Savings Act of 2008 - Requires the one-cent coin (except for Lincoln Bicentennial Numismatic Pennies) to be produced primarily of steel and treated to impart a copper color to its appearance similar to one-cent coins producedOfficial Summary
5/8/2008--Passed House amended. Coin Modernization and Taxpayer Savings Act of 2008 - Requires the one-cent coin (except for Lincoln Bicentennial Numismatic Pennies) to be produced primarily of steel and treated to impart a copper color to its appearance similar to one-cent coins produced of a copper-zinc alloy. Authorizes the Secretary of the Treasury, in the alternative, during the 90 days following enactment of this Act, to add any other element to any alloy of zinc and copper of which one-cent coins could have been composed before enactment of this Act, if during such 90-day period another element is determined to help produce one-cent coins of the same diameter, general composition, and general weight, but at a lower unit cost. Requires a prompt report to Congress if such a determination is made. Directs the Secretary, two years after enactment of this Act, to produce only five-cent coins primarily made of steel with a coating of nickel, unless by that time the unit cost of production of existing five-cent coins is lower than their face value. Requires the Secretary, however, to recommend a different metallic content of circulating five-cent coins if any biennial report to Congress, required by this Act, indicates that such a different metallic content is both functional and interchangeable with existing coins, and more economical to produce in both the short and long term. Authorizes the Secretary, in order to accomplish the goals of this Act, to research, develop, evaluate or begin to use new metallic material for circulating coin production. Requires the Secretary to report biennially to specified congressional committees on the production costs for each circulating coin, cost trends, and possible new metallic materials or technologies for the production of circulating coins, with detailed recommendations for any appropriate changes to the metallic content of circulating coins....Read the Rest
Recent News Coverage
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Steel cent proposal wins in House vote
Thatâs when the Us House of Representatives unanimously approved the âCoin Modernization and Taxpayer Savings Act of 2008,â HR 5512. ...
Steel Cent Proposal Wins in House Vote
That's when the Us House of Representatives unanimously approved the "Coin Modernization and Taxpayer Savings Act of 2008," HR 5512. ...
House passes bill to make coin-making cheaper
___ The House bill is HR 5512. ___ US Mint: http://www.usmint.gov House Committee on Financial Services: http://financialservices.house.gov.
Recent Blog Coverage
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Sovereign Funds: Opportunities and concerns - April 22nd, 2008 ...
RON PAUL, Donât Fear Sovereign Wealth Funds, Hearing Before the Financial Services Committee, Joint Subcommittee Hearing, HR 5512 (March 5, 2008). http://www.lewrockwell.com/paul/paul441.html. KIMMITT, supra note 36. ...
HR 5512: Coin Modernization and Taxpayer Savings Act of 2008
The House passed the HR 5512: Coin Modernization and Taxpayer Savings Act of 2008 in May. Sponsors of the bill: Rep. Zachary Space [D-OH] Cosponsors [as of 2008-09-27] Rep. Barney Frank [D-MA] Rep. Luis Gutiérrez [D-IL] ...
august 2008 new materials
call no: ae 1.102:d 63/4, title: making archives accessible for people with disabilities / frank h. serene. author: serene, frank h. imprint: [washington, dc : national archives and records administration, 2008?] ...
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