US Congress House Bill 2299 (Prior Session Legislation)

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Sponsorship: Bipartisan Bill
Status: Introduced on May 2 2017 - 25% progression, died in committee
Action: 2017-05-02 - 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 of 2017 This bill directs the Government Accountability Office to study the production cost of the one-cent coin and ways the production cost could be lowered while maintaining the utility of the coin. The bill provides for the replacement of $1 notes with $1 coins as the only $1 monetary unit in circulation. Treasury will no longer be authorized to issue $1 notes two years after passage of this bill and the Board of Governors of the Federal Reserve System shall ensure that all $1 Federal Reserve notes are destroyed within this time. Notwithstanding this bill, $1 Federal Reserve notes shall remain legal tender in the United States.

Currency Optimization, Innovation, and National Savings Act of 2017

Rep. Claudia Tenney [R-NY]	Rep. Robert Brady [D-PA]	Rep. Walter Jones [R-NC]	Rep. Paul Tonko [D-NY]
Rep. Paul Gosar [R-AZ]	Sen. Kyrsten Sinema [I-AZ]	Rep. Bill Foster [D-IL]	Rep. Duncan Hunter [R-CA]
Rep. Mike Bost [R-IL]	Rep. Jared Polis [D-CO]

Date	Chamber	Action
2017-05-02	House	Referred to the House Committee on Financial Services.
2017-05-02	House	Introduced in House

SB759 (Related) 2017-03-29 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/2299/all-info
Text	https://www.congress.gov/115/bills/hr2299/BILLS-115hr2299ih.pdf