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Coin Metal Change Authorization: Taxpayer Savings Without Affecting Coin Use.

This bill authorizes the U.S. Mint to change the metallic composition of circulating coins to save federal funds. These changes must be seamless for the public: the coins must maintain the same diameter and weight and function interchangeably in most coin-accepting machines. The goal is to reduce costs for taxpayers while ensuring daily coin usage remains unaffected.
Key points
The U.S. Mint can modify coin metal composition to reduce production costs, resulting in savings for taxpayers.
Any new coins must be 'seamless,' meaning they must have the exact same size and weight and work in existing vending machines and coin acceptors.
The Mint must conduct studies, consult with affected industries, and notify Congress 90 days before implementing any material changes.
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Expired
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Additional Information
Print number: 118_S_1228
Sponsor: Sen. Hassan, Margaret Wood [D-NH]
Process start date: 2023-04-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Coin Metal Modification Authorization and Cost Savings Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1228.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-04-20.

What are the main provisions?

Key points include:

  • The U.S. Mint can modify coin metal composition to reduce production costs, resulting in savings for taxpayers.
  • Any new coins must be 'seamless,' meaning they must have the exact same size and weight and work in existing vending machines and coin acceptors.
  • The Mint must conduct studies, consult with affected industries, and notify Congress 90 days before implementing any material changes.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Hassan, Margaret Wood [D-NH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy