US Congress House Bill 3305 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on October 22 2013 - 25% progression, died in committee
Action: 2013-10-22 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Currency Optimization, Innovation, and National Savings Act - Requires the Board of Governors of the Federal Reserve System (Federal Reserve Board) to sequester all $1 coins bearing the design common to those $1 coins minted and issued from 1979-1981 and again in 1999. Allows the release of such sequestered coins to collectible coin dealers and countries that have adopted the U.S. dollar as their base unit of exchange. Directs the Federal Reserve Board to: (1) undertake efforts to improve, and remove barriers to, the circulation of all other $1 coins; and (2) work with the U.S. Mint, consumer groups, media outlets, and schools to publicize the Presidential $1 Coin Program. Requires the Federal Reserve Board to report to Congress on the Board's efforts to improve the circulation of, and remove barriers to, the circulation of $1 coins bearing Native American designs. Declares it is U.S. policy that after consumers and retailers are comfortable using and able to obtain adequate supplies of $1 coins, such $1 coins should replace $1 Federal Reserve notes as the only $1 monetary unit issued and circulated by the Federal Reserve System.

Currency Optimization, Innovation, and National Savings Act

Rep. Michael Fitzpatrick [R-PA]	Rep. Robert Brady [D-PA]	Rep. Ken Calvert [R-CA]	Rep. William Enyart [D-IL]
Rep. Trent Franks [R-AZ]	Rep. Joe Garcia [D-FL]	Rep. Paul Gosar [R-AZ]	Rep. Richard Hanna [R-NY]
Rep. Duncan Hunter [R-CA]	Rep. Walter Jones [R-NC]	Rep. Alan Lowenthal [D-CA]	Rep. Gregory Meeks [D-NY]
Rep. Matt Salmon [R-AZ]	Sen. Kyrsten Sinema [I-AZ]	Rep. Louise Slaughter [D-NY]	Rep. Patrick Tiberi [R-OH]
Rep. Paul Tonko [D-NY]

Date	Chamber	Action
2013-10-22	House	Referred to the House Committee on Financial Services.

SB1105 (Related) 2013-06-06 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/3305/all-info
Text	https://www.congress.gov/113/bills/hr3305/BILLS-113hr3305ih.pdf