S. 2693 (97th): American Eagle Gold Coin Act of 1982

Introduced:
Jun 29, 1982 (97th Congress, 1981–1982)
Sponsor:
Sen. Harrison Schmitt [R-NM]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on June 29, 1982, in a previous session of Congress, but was not enacted.

Progress
Introduced Jun 29, 1982
Referred to Committee Jun 29, 1982
Cosponsors
none
Committees

Senate Banking, Housing, and Urban Affairs

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

Full Title

A bill to provide for the minting of the American Eagle gold coin pursuant to article I, section 8 of the Constitution of the United States.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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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.

6/29/1982--Introduced.
American Eagle Gold Coin Act of 1982 - Directs the Secretary of the Treasury to mint gold coins to be referred to as "American Eagles." Sets forth the specifications for four types of such gold coins.
Declares that coins minted under this Act shall not be legal tender for public debts, public charges, taxes, duties or dues, but may be used for the payment of private debts.
Sets forth the dates by which the Secretary shall begin delivery of such coins.
Sets forth the formula by which the Secretary shall determine the daily price of such coins.
Grants the Secretary the power to:
(1) adjust the seigniorage charge on the sale of all such coins to finance the expenses of minting, delivering, and distributing them; and
(2) regulate or suspend the quantity of coins made available for distribution or suspend their sale.
Permits the exchange of gold bullion for such American Eagle coins.
Permits the Secretary to prescribe necessary regulations.

House Republican Conference Summary

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House Democratic Caucus Summary

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