S.Amdt. 2194Senate117th Congress (2021-2023)2nd degree
S.Amdt. 2194
Sponsored by
Sen. Joni Ernst (R-IA)
Submitted August 2, 2021
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Senate amendment submitted
August 2, 2021
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Submitted
SA 2194. Ms. ERNST submitted an amendment intended to be proposed to amendment SA 2137 proposed by Mr. Schumer (for Ms. Sinema (for herself, Mr. Portman, Mr. Manchin, Mr. Cassidy, Mrs. Shaheen, Ms. Collins, Mr. Tester, Ms. Murkowski, Mr. Warner, and Mr. Romney)) to the bill H.R. 3684, to authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes; which was ordered to lie on the table; as follows: At the appropriate place, insert the following: SEC. ___. METAL COMPOSITION OF CERTAIN COINS. (a) In General.--Section 5112(b) of title 31, United States Code, is amended-- (1) by inserting ``(1)'' after ``(b)''; and (2) by adding at the end the following: ``(2) Notwithstanding paragraph (1), the Secretary may prescribe a composition of materials in, and a construction of, the half dollar, quarter dollar, dime, or 5-cent coin that varies from the composition and construction required under that paragraph with respect to the coin (including by using different metals in the alloy for the coin than those required under that paragraph) if that action by the Secretary-- ``(A) reduces the overall cost of minting the coin; and ``(B) does not affect-- ``(i) the diameter and weight of the coin specified under subsection (a); or ``(ii) the functionality of the coin, including the electromagnetic signature with respect to the acceptance of the coin.''. (b) Transfers of Savings to the Highway Trust Fund.-- Section 9503(b) of the Internal Revenue Code of 1986 is amended by inserting after paragraph (2) the following new paragraph: ``(3) Savings from metal composition of coins.--There are hereby appropriated to the Highway Trust Fund amounts equivalent to cost savings achieved as a result of alternation in the composition or construction of coins pursuant to section 5112(b)(2) of title 31, United States Code.''. ______