HR 6162 · 111th Congress · Finance and Financial Sector

Coin Modernization, Oversight, and Continuity Act of 2010

Introduced 2010-09-22· Sponsored by Rep. Watt, Melvin L. [D-NC-12]· House

Bill Progress

1
Introduced
Committee
House Vote
Senate
Enacted
Latest: Became Public Law No: 111-302.(2010-12-14)

Plain Language Summary

[AI summary unavailable — showing source text] Coin Modernization, Oversight, and Continuity Act of 2010 - Requires the Secretary of the Treasury to report biennially to specified congressional committees on production costs for each circulating coin, cost trends, and possible new metallic materials or technologies for the production of circulating coins. Requires detailed recommendations in such reports for: (1) changes to the metallic content of circulating coins; (2) changes in coin production methodology that would further reduce the costs of production; and (3) legislative changes necessary to achieve such goals. Prohibits the Secretary from including any recommendation for specifications: (1) for producing a circulating coin that would require significant change to coin-accepting and coin-handling equipment to accommodate changes to all circulating coins simultaneously; or (2) that would facilitate or allow the use of a coin with a lesser value produced, minted, or issued by another country, or the use of any token or other easily or regularly produced metal device of minimal value, in the place of a circulating coin produced by the Secretary. Authorizes the Secretary, in order to complete the first biennial report and to…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 6162, Coin Modernization, Oversight, and Continuity Act of 2010

Sep 29, 2010

<p>Pay-as-you-go table for the bill as provided to CBO by the House Committee on the Budget on September 29, 2010</p>

Full CBO report ↗

H.R. 6162, Coin Modernization, Oversight, and Continuity Act of 2010

Sep 29, 2010

Pay-as-you-go table for the bill as provided to CBO by the House Committee on the Budget on September 29, 2010

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office