Politiparty
Politiparty

118th Congress Finance and Financial Sector

S. 627: Cancel the Coin Act

Introduced

  1. Introduced (completed)Mar 2, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Mar 2, 2023

This bill prohibits the Department of the Treasury from minting or issuing any coin, including platinum bullion coins and proof platinum coins, having a nominal or face value exceeding $200. In addition, Treasury is prohibited from depositing, and the Federal Reserve is prohibited from accepting, any platinum bullion coins or proof platinum coins to be applied to the Treasury's account.

Written by the Congressional Research Service, Library of Congress.

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Other bills by Mike Lee

History

  1. Mar 2, 2023Introduced in the Senate by Mike Lee.
Show the full action history (2 actions)
  1. Mar 2, 2023Introduced in Senate
  2. Mar 2, 2023Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.