H.R. 220: Stop the Coin Act

HR 220 IH

To amend section 5112 of title 31, United States Code, to limit the face value of coins that the Secretary of the Treasury may issue, and for other purposes.

January 14, 2013

Mr. WALDEN (for himself, Mr. LANCE, Mr. SESSIONS, Mr. HUDSON, Mr. WESTMORELAND, Mr. HOLDING, Mr. CHAFFETZ, Mrs. NOEM, Mr. FINCHER, Mr. CAMPBELL, Mr. LUETKEMEYER, Mr. JONES, Mr. NUGENT, Mr. ADERHOLT, Mr. NUNNELEE, Mr. YODER, Mr. THORNBERRY, Mr. KINZINGER of Illinois, Mr. LATTA, and Mr. MILLER of Florida) introduced the following bill; which was referred to the Committee on Financial Services

To amend section 5112 of title 31, United States Code, to limit the face value of coins that the Secretary of the Treasury may issue, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ‘Stop the Coin Act’.

SEC. 2. LIMITATION ON FACE VALUE OF COINS.

Section 5112 of title 31, United States Code, is amended--

(1) in subsection (k)--

(A) by inserting ‘having such nominal, or face, values as the Secretary may determine but not in any case exceeding $200’ after ‘platinum coins’; and

(B) by striking ‘denominations,’; and

(2) by adding at the end the following new subsection:

‘(w) Limitation on Face Value- The Secretary may not mint or issue any coin having a nominal, or face, value exceeding $200.’.

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