S.Amdt. 2352

SA 2352. Mr. MERKLEY submitted an amendment intended to be proposed
by him to the bill S. 1582, to provide for the regulation of payment
stablecoins, and for other purposes; which was ordered to lie on the
table; as follows:

At the appropriate place, insert the following:

SEC. _____. MAKE SENSE NOT CENTS.

(a) Short Title.--This section may be cited as the ``Make
Sense Not Cents Act''.
(b) Sense of Congress.--It is the sense of Congress that
Congress has the sole authority to coin money and regulate
currency.
(c) Discontinuation of 1-cent Coins.--
(1) In general.--The Secretary of the Treasury may not mint
or issue a 1-cent coin.
(2) Technical and conforming amendments.--
(A) Title 31, United States Code, is amended--
(i) in section 5112--

(I) in subsection (a)--

(aa) by striking paragraph (6); and
(bb) by redesignating paragraphs (7) through (12) as
paragraphs (6) through (11), respectively;

(II) in subsection (b), by striking the eighth sentence;
(III) by striking subsection (c);
(IV) in subsection (i), by striking ``(7), (8), (9), and
(10)'' each place the term appears and inserting ``(6), (7),
(8), and (9)'';
(V) in subsection (j), by striking ``(7), (8), (9), or
(10)'' and inserting ``(6), (7), (8), or (9)''; and
(VI) in subsection (v), by striking ``paragraph (12)'' each
place the term appears and inserting ``paragraph (11)'';

(ii) in section 5113(a), by striking the third sentence;
and
(iii) in section 5132(a), by striking ``through (6)'' each
place the term appears and inserting ``through (5)''.
(B) Section 408(m)(3)(A)(i) of the Internal Revenue Code of
1986 is amended by striking ``paragraph (7), (8), (9), or
(10)'' and inserting ``paragraph (6), (7), (8), or (9)''.
(d) No Effect on Legal Tender.--Notwithstanding any other
provision of this section, or any amendment made by this
section, one-cent coins are legal tender in the United States
for all debts, public and private, public charges, taxes, and
duties, regardless of the date of minting or issue.
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