H.R. 2789 (112th): Prevention of Wasteful and Unneeded Coins Act of 2011

Introduced:
Aug 01, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Kevin Yoder [R-KS3]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on August 1, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Aug 01, 2011
Referred to Committee Aug 01, 2011
Cosponsors
7 cosponsors (7R) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend title 31, United States Code, to suspend the issuance of $1 coins for a 15-year period, or until excess stockpiles are exhausted, and for other purposes.

Summary

No summaries available.

Text

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Last updated Aug 01, 2011.
4 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

8/1/2011--Introduced.
Prevention of Wasteful and Unneeded Coins Act of 2011 - Amends federal law governing coins and currency to prohibit, for a 15-year period, the issuance of $1 dollar coins honoring each of the Presidents of the United States. Authorizes the Secretary of the Treasury to resume issuance of such coins if the demand for $1 coins exceeds the number of them held in reserve.
Prohibits the Secretary from issuing any $1 coins if it would result in an excess stockpile of $1 coins not in circulation.
Repeals the requirement that the number of $1 coins minted and issued in a year with the Sacagawea design on the obverse be at least 20% of the total of such coins.
Repeals the requirement that, during an introductory period, all institutions that want to are able to obtain unmixed supplies of each newly-issued design of $1 coins minted under the President $1 and the First Spouse bullion coin programs.

House Republican Conference Summary

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House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)