Bullion and Collectible Coin Production Efficiency and Cost Savings Act

Bullion and Collectible Coin Production Efficiency and Cost Savings Act

(Sec. 2) This bill repeals: (1) the authority of the Secretary of the Treasury to change the design of certain gold bullion coins, and (2) requirements for the protective covering for certain bullion coins.

The copper content requirements for quarter dollar coins are repealed and the silver content is required to be not less than 90%.

Technical revisions are made to the requirements for palladium bullion investment coins.

(Sec. 3) Proof and uncirculated versions of American Eagle silver coins issued during calendar year 2016 shall have a smooth edge incused with a designation that notes the 30th anniversary of the first issue of such coins.

[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1698 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 1698

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 26, 2015

 Mr. Huizenga of Michigan (for himself and Mrs. Carolyn B. Maloney of 
  New York) introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend design and content requirements for certain gold and silver 
                     coins, 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 ``Bullion and Collectible Coin 
Production Efficiency and Cost Savings Act''.

SEC. 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''.
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