HR 5510 · 106th Congress · Finance and Financial Sector

Circulating Currency Simplification and Cost-saving Act

Introduced 2000-10-19· Sponsored by Rep. Metcalf, Jack [R-WA-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Domestic and International Monetary Policy.(2000-10-19)

Plain Language Summary

[AI summary unavailable — showing source text] Circulating Currency Simplification and Cost-saving Act - Declares that: (1) all Federal reserve notes issued by the Board of Governors of the Federal Reserve System shall be the obligation of the United States and be deemed to be U.S. currency notes; and (2) all Board assets and liabilities with respect to the issuance of such Federal reserve notes shall be transferred to the Secretary of the Treasury, and be assets and liabilities of the United States.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Democrats
Rep. Waters, Maxine [D-CA-35]CA
Rep. Traficant, James A., Jr. [D-OH-17]OH