HR-7995 : Still Just a Bill

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.

Action Timeline

Action DateTypeTextSource
2020-12-03IntroReferralReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Senate
2020-12-02FloorMotion to reconsider laid on the table Agreed to without objection.House floor actions
2020-12-02VoteOn motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 343 - 41 (Roll no. 228). (text: CR H6037)House floor actions
2020-12-02FloorConsidered as unfinished business. (consideration: CR H6039-6040)House floor actions
2020-12-02FloorAt the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.House floor actions
2020-12-02FloorDEBATE - The House proceeded with forty minutes of debate on H.R. 7995.House floor actions
2020-12-02FloorConsidered under suspension of the rules. (consideration: CR H6037-6039)House floor actions
2020-12-02FloorMr. Clay moved to suspend the rules and pass the bill, as amended.House floor actions
2020-08-11IntroReferralReferred to the House Committee on Financial Services.House floor actions
2020-08-11IntroReferralIntroduced in HouseLibrary of Congress

Policy Area :

Finance and Financial Sector
See Subjects
  • Congressional oversight
  • Currency
  • Government information and archives
  • Government studies and investigations
  • Metals

Related Bills

See Related Bills