H.R.5785 - Coin Design Modernization Act of 1990101st Congress (1989-1990)
|Sponsor:||Rep. Lehman, Richard H. [D-CA-18] (Introduced 10/03/1990)|
|Committees:||House - Banking, Finance, and Urban Affairs|
|Latest Action:||House - 10/15/1990 Referred to the Subcommittee on Consumer Affairs and Coinage. (All Actions)|
This bill has the status Introduced
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Summary: H.R.5785 — 101st Congress (1989-1990)All Information (Except Text)
Introduced in House (10/03/1990)
Coin Design Modernization Act of 1990 - Directs the Secretary of the Treasury to: (1) select a coin whose reverse side shall be designed to commemorate the 200th anniversary of the U.S. Constitution; and (2) select new designs for the reverse sides of coins whose thematic representation shall include specified constitutional concepts. Prohibits the Secretary from implementing the latter design changes unless the Congress approves.
Mandates that amounts in the coinage profit fund which are attributable to net profits from the sale of uncirculated and proof sets of coins shall be deposited in the general fund of the Treasury for the sole purpose of reducing the national debt.