HR 7995 · 116th Congress · Finance and Financial Sector

Coin Metal Modification Authorization and Cost Savings Act of 2020

Introduced 2020-08-11· Sponsored by Rep. Amodei, Mark E. [R-NV-2]· House

Bill Progress

Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2020-12-03)

Recorded Votes

PassedHouse · 2020-12-02
Roll #228
Yea 343Nay 41
Democrats
223 Yea·0 Nay
Republicans
120 Yea·40 Nay
PassedHouse · 2020-12-02
Roll #228
Yea 343Nay 41
Democrats
223 Yea·0 Nay
Republicans
120 Yea·40 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] Coin Metal Modification Authorization and Cost Savings Act of 2020 This bill authorizes the United States Mint to modify the metallic composition of circulating coins (including by prescribing reasonable manufacturing tolerances with respect to those coins) if a study and analysis conducted by the Mint indicates that the modification will reduce costs incurred by the taxpayers; be seamless, which shall be determined by verifying that the coins will work interchangeably in most coin acceptors using electromagnetic signature technology; and have as minimal an adverse impact as possible on the public and stakeholders. The Mint must notify Congress before making the modification and provide a justification for the modification.…

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

Cosponsors (5)

1 Democrat4 Republicans