I
112th CONGRESS
1st Session
H. R. 2593
IN THE HOUSE OF REPRESENTATIVES
July 19, 2011
Ms. Speier (for herself and Mr. Polis) introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To amend title 31, United States Code, to terminate the Presidential $1 Coin Program, and for other purposes.
Short title
This Act may be cited as the
Wasteful Presidential Coin Act of
2011
.
Termination of the Presidential $1 Coin Program
In general
Section 5112 of title 31, United States Code, is amended by striking subsection (n).
Effective date
The amendment made by subsection (a) shall take effect at the end of the 30-day period beginning on the date of the enactment of this Act.
Restriction on overproduction of $1 Coins
Section 5112 of title 31, United States Code, is amended by adding at the end the following new subsection:
Restriction on overproduction of $1 Coins
Notwithstanding any other provision of this section, no $1 coin may be minted or issued under this section during any period in which the number of $1 coins issued, but not in circulation, is more than 10 percent of the number of $1 coins in circulation.
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