US Congress House Bill 516 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 22 2015 - 25% progression, died in committee
Action: 2015-01-22 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Cents and Sensibility Act Requires that the one-cent, five-cent, dime, and quarter-dollar coins be: (1) produced primarily of steel, and (2) treated to impart a color so that their appearance is similar to coins produced before enactment of this Act. Directs the Secretary of the Treasury, in minting such coins, to use only steel produced in the United States unless: (1) the Secretary determines doing so would be inconsistent with the public interest, or (2) an adequate supply of the appropriate grade of steel is not produced in the United States in sufficient and reasonably available quantities. Prohibits the Secretary, in setting specifications for such coins, from: (1) requiring more than one change to coin-accepting and coin-handling equipment to accommodate all coins produced pursuant to this Act; (2) facilitating or allowing the use of a coin with a lesser value produced by another country, or the use of any token or other easily or regularly produced metal device of minimal value, in the place of a circulating coin produced by the Secretary; or (3) requiring non-trivial changes to coin-accepting or coin-handling equipment to easily accommodate continued co-circulation of both coins produced with the new specifications and coins produced on or before a specified date.

Cents and Sensibility Act

Rep. Steve Stivers [R-OH]

Rep. Tim Ryan [D-OH]

Rep. Patrick Tiberi [R-OH]

Rep. Joyce Beatty [D-OH]

Date	Chamber	Action
2015-01-22	House	Referred to the House Committee on Financial Services.
2015-01-22	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/516/all-info
Text	https://www.congress.gov/114/bills/hr516/BILLS-114hr516ih.pdf