IN THE SENATE OF THE UNITED STATES
February 2, 2021
Mr. Lee introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To amend title 31, United States Code, to limit the face value of coins.
This Act may be cited as the
Cancel the Coin Act.
Limitation on face value of coins
Section 5112 of title 31, United States Code, is amended—
in subsection (k)—
having such nominal, or face, values as the Secretary may determine but not in any case exceeding $200 after
platinum coins; and
by adding at the end the following new subsection:
Limitation on face value
The Secretary may not mint or issue any coin having a nominal, or face, value exceeding $200.