H.R. 1278

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1278 Introduced in House (IH)]

<DOC>

119th CONGRESS
1st Session
H. R. 1278

To amend title 31, United States Code, to save Federal funds by 
authorizing changes to the composition of circulating coins, and for 
other purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

February 13, 2025

Mr. Amodei of Nevada (for himself, Mr. Gottheimer, and Mr. McCormick) 
introduced the following bill; which was 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

_______________________________________________________________________

A BILL

To amend title 31, United States Code, to save Federal funds by 
authorizing changes to the composition of circulating coins, and for 
other purposes.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Coin Metal Modification 
Authorization and Cost Savings Act of 2025''.

SEC. 2. SAVING FEDERAL FUNDS BY AUTHORIZING CHANGES TO THE COMPOSITION 
OF CIRCULATING COINS.

Section 5112 of title 31, United States Code, is amended by adding 
at the end the following:
``(x) Composition of Circulating Coins.--
``(1) In general.--Notwithstanding any other provision of 
law, the Director of the United States Mint (referred to in 
this subsection as the `Director'), in consultation with the 
Secretary, may modify the metallic composition of circulating 
coins to a new metallic composition (including by prescribing 
reasonable manufacturing tolerances with respect to those 
coins) if a study and analysis conducted by the United States 
Mint, including solicitation of input (including input on 
acceptor tolerances and requirements) from industry 
stakeholders who could be affected by changes in the 
composition of circulating coins, indicates that the 
modification will--
``(A) reduce costs incurred by the taxpayers of the 
United States;
``(B) be seamless, which shall mean the same 
diameter and weight as United States coinage being 
minted on the date of enactment of this subsection and 
that the coins will work interchangeably in most coin 
acceptors using electromagnetic signature technology; 
and
``(C) have as minimal an adverse impact as possible 
on the public and stakeholders.
``(2) Notification to congress.--On the date that is at 
least 90 legislative days before the date on which the Director 
begins making a modification described in paragraph (1), the 
Director shall submit to Congress notice that--
``(A) provides a justification for the 
modification, including the support for that 
modification in the study and analysis required under 
paragraph (1) with respect to the modification;
``(B) describes how the modification will reduce 
costs incurred by the taxpayers of the United States;
``(C) certifies that the modification will be 
seamless, as described in paragraph (1)(B); and
``(D) certifies that the modification will have as 
minimal an adverse impact as possible on the public and 
stakeholders.
``(3) Congressional authority.--The Director may begin 
making a modification proposed under this subsection not 
earlier than the date that is 90 legislative days after the 
date on which the Director submits to Congress the notice 
required under paragraph (2) with respect to that modification, 
unless Congress, during the period of 90 legislative days 
beginning on the date on which the Director submits that 
notice--
``(A) finds that the modification is not justified 
in light of the information contained in that notice; 
and
``(B) enacts a joint resolution of disapproval of 
the proposed modification.
``(4) Procedures.--For purpose of paragraph (3)--
``(A) a joint resolution of disapproval is a joint 
resolution the matter after the resolving clause of 
which is as follows: `That Congress disapproves the 
modification submitted by the Director of the United 
States Mint.'; and
``(B) the procedural rules in the House of 
Representatives and the Senate for a joint resolution 
of disapproval described under paragraph (3) shall be 
the same as provided for a joint resolution of 
disapproval under chapter 8 of title 5, United States 
Code.''.

SEC. 3. DETERMINATION OF BUDGETARY EFFECTS.

The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the House Budget Committee, provided that 
such statement has been submitted prior to the vote on passage.
<all>