H.R.5818 - Currency Overhaul for an Industrious Nation (COIN) Act109th Congress (2005-2006)
|Sponsor:||Rep. Kolbe, Jim [R-AZ-8] (Introduced 07/17/2006)|
|Committees:||House - Budget; Financial Services|
|Latest Action:||08/31/2006 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.|
This bill has the status Introduced
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- Finance and Financial Sector
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Summary: H.R.5818 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (07/17/2006)
Currency Overhaul for an Industrious Nation (COIN) Act - Amends federal law governing coins and currency to prescribe requirements for redesign and issuance of commemorative circulating $2 Federal Reserve notes.
Requires selection of a new design for $2 Federal Reserve notes placed into circulation during each year of the five-year periods beginning January 1, 2007.
Authorizes Federal Reserve banks to continue to place into circulation $1 Federal Reserve notes until a date determined according to certain criteria.
Transfers the U.S. Mint and the Bureau of Engraving and Printing to the Federal Reserve Board.
Requires the design and issuance of a circulating quarter dollar honoring the District of Columbia and each of the Territories.