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H.R. 1698 (114th): Bullion and Collectible Coin Production Efficiency and Cost Savings Act

The text of the bill below is as of Jun 24, 2015 (Referred to Senate Committee).


IIB

114th CONGRESS

1st Session

H. R. 1698

IN THE SENATE OF THE UNITED STATES

June 24, 2015

Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs

AN ACT

To amend design and content requirements for certain gold and silver coins, and for other purposes.

1.

Short title

This Act may be cited as the Bullion and Collectible Coin Production Efficiency and Cost Savings Act.

2.

Technical corrections

Title 31, United States Code, is amended—

(1)

in section 5112—

(A)

in subsection (q)—

(i)

by striking paragraphs (3) and (8); and

(ii)

by redesignating paragraphs (4), (5), (6), and (7) as paragraphs (3), (4), (5), and (6), respectively;

(B)

in subsection (t)(6)(B), by striking 90 percent silver and 10 percent copper and inserting not less than 90 percent silver; and

(C)

in subsection (v)—

(i)

in paragraph (1), by striking Subject to and all that follows through the Secretary shall and inserting The Secretary shall;

(ii)

in paragraph (2)(A), by striking The Secretary and inserting To the greatest extent possible, the Secretary;

(iii)

in paragraph (5), by inserting after may issue the following: collectible versions of; and

(iv)

by striking paragraph (8); and

(2)

in section 5132(a)(2)(B)(i), by striking 90 percent silver and 10 percent copper and inserting not less than 90 percent silver.

3.

American Eagle Silver Bullion 30th Anniversary

Proof and uncirculated versions of coins issued by the Secretary of the Treasury pursuant to subsection (e) of section 5112 of title 31, United States Code, during calendar year 2016 shall have a smooth edge incused with a designation that notes the 30th anniversary of the first issue of coins under such subsection.

Passed the House of Representatives June 23, 2015.

Karen L. Haas,

Clerk