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US HB1278
Bill
Status
2/13/2025
Primary Sponsor
Mark Amodei
Click for details
AI Summary
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Authorizes the Director of the United States Mint to modify the metallic composition of circulating coins without new legislation, provided changes reduce taxpayer costs and maintain seamless compatibility with existing coin acceptors
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Requires the Mint to conduct studies and solicit input from industry stakeholders before implementing any composition changes
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Mandates 90 legislative days advance notice to Congress before any modification takes effect, including justification and certification that changes will be seamless and minimize adverse impacts
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Preserves congressional oversight by allowing Congress to block proposed modifications through a joint resolution of disapproval within the 90-day notice period
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Requires any modified coins to maintain the same diameter and weight as current coinage to ensure compatibility with vending machines and other coin-accepting devices
Legislative Description
Coin Metal Modification Authorization and Cost Savings Act of 2025
Finance and financial sector
Last Action
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.
2/13/2025