Requires U.S. coins to be redesigned, at the discretion of the Secretary of the Treasury, over the next six years. Requires the reverse side of the first coin redesigned to commemorate the bicentennial of the U.S. Constitution for a two-year period.
Provides that the design on the obverse side of U.S. coins shall contain the likenesses of those displayed on current coins and shall be considered for redesign. Requires any such obverse redesigns to conform to the inscription requirements of current law.
Requires the Secretary, in selecting new designs, to consider specified constitutional concepts. Requires the designs be selected by the Secretary upon consultation with the United States Commission of Fine Arts.
Requires that any profits from the sale of uncirculated and proof sets of U.S. coins be deposited in the Treasury and used solely to reduce the national debt.
Introduced in Senate
Read twice and referred to the Committee on Banking.
Committee on Banking. Hearings held. Hearings printed: S.Hrg. 100-627.
Committee on Banking. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Banking. Reported to Senate by Senator Proxmire with an amendment in the nature of a substitute. With written report No. 100-396.
Committee on Banking. Reported to Senate by Senator Proxmire with an amendment in the nature of a substitute. With written report No. 100-396.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 756.
Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.
Passed Senate with an amendment by Voice Vote.
Message on Senate action sent to the House.
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Consumer Affairs and Coinage.
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