H.R.2977 - Currency Optimization, Innovation, and National Savings Act
To improve the circulation of $1 coins, to remove barrier to the circulation of such coins, and for other purposes. view all titles (2)
All Bill Titles
- Official: To improve the circulation of $1 coins, to remove barrier to the circulation of such coins, and for other purposes. as introduced.
- Short: Currency Optimization, Innovation, and National Savings Act as introduced.
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Official Summary
9/20/2011--Introduced.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 1999Official Summary
9/20/2011--Introduced.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 the 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. Declares it 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.
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Latest Letters to Congress
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H.R.2977 Currency Optimization, Innovation, and National Savings Act
mjwalsh
January 30, 2013
I am writing as your constituent in the 0th Congressional district of North Dakota. I support H.R.2977 - Currency Optimization, Innovation, and National Savings Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Honorable Congressman Kevin Cramer,,
http://financialservices.house.gov/calendar/eventsingle.aspx?EventID=312621
Yours truly here made the time to view & listen to the above November 29th, 2012 Financial... -
H.R.2977 Currency Optimization, Innovation, and National Savings Act
burtoj
November 17, 2011
I am writing you today as your constituent to ask your support for the Currency Optimization, Innovation and National Savings (COINS) Act, H.R. 2977. The bill, sponsored by Representative David Schweikert will eliminate the wasteful dollar bill from circulation and save the government billions of dollars in the process.
According to the Government Accountability Office (GAO), eliminating the dollar bill and transitioning to the dollar coin will save the government at least $5.5 billion over... -
H.R.2977 Currency Optimization, Innovation, and National Savings Act
governoral
November 09, 2011
Dear Mr. Harris,
I am writing as your constituent in the 1st Congressional district of Maryland. I support H.R.2977 - Currency Optimization, Innovation, and National Savings Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability. I support the bill, because it would save the Government billions of dollars over the current currency program. However, I'd request that you would propose an amendment to the bill, to make...

U.S. Congress - H.R.2977 Currency Optimization, Innovation, and National Savings Act



