II
117th CONGRESS
1st Session
S. 185
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
A BILL
To amend title 31, United States Code, to limit the face value of coins.
Short title
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)—
by inserting having such nominal, or face, values as the Secretary may determine but not in any case exceeding $200
after platinum coins
; and
by striking denominations,
; 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.
.