119-hr1278

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1278 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 1278

 To amend title 31, United States Code, to save Federal funds by 
 authorizing changes to the composition of circulating coins, and for 
 other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 February 13, 2025

 Mr. Amodei of Nevada (for himself, Mr. Gottheimer, and Mr. McCormick) 
 introduced the following bill; which was referred to the Committee on 
 Financial Services, and in addition to the Committees on the Budget, 
 and Rules, for a period to be subsequently determined by the Speaker, 
 in each case for consideration of such provisions as fall within the 
 jurisdiction of the committee concerned

_______________________________________________________________________

 A BILL

 To amend title 31, United States Code, to save Federal funds by 
 authorizing changes to the composition of circulating coins, and for 
 other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Coin Metal Modification 
Authorization and Cost Savings Act of 2025''.

SEC. 2. SAVING FEDERAL FUNDS BY AUTHORIZING CHANGES TO THE COMPOSITION 
 OF CIRCULATING COINS.

 

Section 5112 of title 31, United States Code, is amended by adding 
at the end the following:
 ``
            (x) Composition of Circulating Coins.--
 ``

    (1) In general.--Notwithstanding any other provision of 
 law, the Director of the United States Mint (referred to in 
 this subsection as the `Director'), in consultation with the 
 Secretary, may modify the metallic composition of circulating 
 coins to a new metallic composition (including by prescribing 
 reasonable manufacturing tolerances with respect to those 
 coins) if a study and analysis conducted by the United States 
 Mint, including solicitation of input (including input on 
 acceptor tolerances and requirements) from industry 
 stakeholders who could be affected by changes in the 
 composition of circulating coins, indicates that the 
 modification will--
 ``
        (A) reduce costs incurred by the taxpayers of the 
 United States;
 ``
        (B) be seamless, which shall mean the same 
 diameter and weight as United States coinage being 
 minted on the date of enactment of this subsection and 
 that the coins will work interchangeably in most coin 
 acceptors using electromagnetic signature technology; 
 and
 ``
            (C) have as minimal an adverse impact as possible 
 on the public and stakeholders.
 ``

    (2) Notification to congress.--On the date that is at 
 least 90 legislative days before the date on which the Director 
 begins making a modification described in paragraph

    (1) , the 
 Director shall submit to Congress notice that--
 ``
        (A) provides a justification for the 
 modification, including the support for that 
 modification in the study and analysis required under 
 paragraph

    (1) with respect to the modification;
 ``
        (B) describes how the modification will reduce 
 costs incurred by the taxpayers of the United States;
 ``
            (C) certifies that the modification will be 
 seamless, as described in paragraph

    (1)
        (B) ; and
 ``
            (D) certifies that the modification will have as 
 minimal an adverse impact as possible on the public and 
 stakeholders.
 ``

    (3) Congressional authority.--The Director may begin 
 making a modification proposed under this subsection not 
 earlier than the date that is 90 legislative days after the 
 date on which the Director submits to Congress the notice 
 required under paragraph

    (2) with respect to that modification, 
 unless Congress, during the period of 90 legislative days 
 beginning on the date on which the Director submits that 
 notice--
 ``
        (A) finds that the modification is not justified 
 in light of the information contained in that notice; 
 and
 ``
        (B) enacts a joint resolution of disapproval of 
 the proposed modification.
 ``

    (4) Procedures.--For purpose of paragraph

    (3) --
 ``
        (A) a joint resolution of disapproval is a joint 
 resolution the matter after the resolving clause of 
 which is as follows: `That Congress disapproves the 
 modification submitted by the Director of the United 
 States Mint.'; and
 ``
        (B) the procedural rules in the House of 
 Representatives and the Senate for a joint resolution 
 of disapproval described under paragraph

    (3) shall be 
 the same as provided for a joint resolution of 
 disapproval under chapter 8 of title 5, United States 
 Code.''.

SEC. 3. DETERMINATION OF BUDGETARY EFFECTS.

 The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the House Budget Committee, provided that 
such statement has been submitted prior to the vote on passage.
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