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 to 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.
Senate Committee on Banking discharged by Unanimous Consent.
Senate Committee on Banking discharged by Unanimous Consent.
Passed/agreed to in Senate: Passed Senate without amendment and an amendment to the Title by Voice Vote.
Passed Senate without amendment and an amendment to the Title by Voice Vote.
Message on Senate action sent to the House.
Received in the House.
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Consumer Affairs and Coinage.
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