H.R.6495 - Commemorative Coins Reform Act of 2012112th Congress (2011-2012)
|Sponsor:||Rep. Amash, Justin [R-MI-3] (Introduced 09/21/2012)|
|Committees:||House - Financial Services|
|Latest Action:||10/23/2012 Referred to the Subcommittee on Domestic Monetary Policy and Technology.|
This bill has the status Introduced
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Summary: H.R.6495 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (09/21/2012)
Commemorative Coins Reform Act of 2012 - Prohibits surcharges generated by the sale of any numismatic item or commemorative coin program from being paid to a non-federal organization, except with respect to sales and production costs.
Requires that surcharges be used to recover all numismatic operation and program costs allocable to the program under which a numismatic item is produced and sold.
Requires the transfer of any excess surcharges to the general fund of the Treasury for deficit reduction purposes.