Coin Metal Modification Authorization and Cost Savings Act of 2023
HR 2817 authorizes the U.S. Mint Director to change the metal composition of circulating coins if a study shows it reduces taxpayer costs while maintaining the same size, weight, and compatibility with coin acceptors. The bill requires the Mint to consult industry stakeholders, conduct a cost analysis, and certify that changes will be seamless and cause minimal disruption before implementation. It mandates a 90-day congressional review period, during which Congress can block the change via a joint resolution of disapproval. This bill directly affects the U.S. Mint (as the implementing agency), taxpayers (through potential cost savings), and businesses using coin acceptors (due to the seamless design requirement). The law does not mandate specific changes but establishes a process for the Mint to pursue cost-saving modifications.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2023
Committee Review
Floor Vote
President
Introduced Apr 25, 2023
Last action Apr 25, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 25, 2023
Committee
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.
lower
Apr 25, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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