United States One Dollar Coin Act of 1995

United States One Dollar Coin Act of 1995 - Specifies the characteristics of the one-dollar coin, including a golden color. Requires the Secretary of the Treasury to select appropriate designs for the reverse and obverse sides of the dollar.

Prohibits Federal Reserve banks from issuing any one-dollar Federal Reserve notes after one-dollar coins have been placed in circulation. Authorizes the Secretary, after such time, to produce one-dollar Federal Reserve notes only when the Board of Governors of the Federal Reserve System may order such notes from time to time to meet the needs of collectors of that denomination.

[Congressional Bills 104th Congress]
[From the U.S. Government Printing Office]
[S. 874 Introduced in Senate (IS)]

  1st Session
                                 S. 874

To provide for the minting and circulation of one dollar coins, and for 
                            other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                 May 26 (legislative day, May 15), 1995

 Mr. Grams (for himself, Ms. Moseley-Braun, Mr. Harkin, and Mr. Kohl) 
introduced the following bill; which was read twice and referred to the 
            Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
To provide for the minting and circulation of one dollar 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 ``United States One Dollar Coin Act of 
1995''.

SEC. 2. ONE DOLLAR COINS.

    (a) Color and Content.--Section 5112(b) of title 31, United States 
Code, is amended--
            (1) in the first sentence, by striking ``dollar,''; and
            (2) by inserting after the fourth sentence, the following: 
        ``The dollar coin shall be golden in color, have a distinctive 
        edge, have tactile and visual features that make the 
        denomination of the coin readily discernible, be minted and 
        fabricated in the United States, and have similar metallic, 
        anticounterfeiting properties as United States clad coinage in 
        circulation on the date of the enactment of the United States 
        One Dollar Coin Act of 1995.''.
    (b) Design of Coin by Secretary.--Section 5112(d)(1) of title 31, 
United States Code, is amended by striking the fifth and sixth 
sentences and inserting the following: ``The Secretary of the Treasury 
shall select appropriate designs for the reverse and obverse sides of 
the dollar.''.
    (c) Effective Date.--
            (1) In general.--Not later than 18 months after the date of 
        enactment of this Act, the Secretary of the Treasury shall 
        place into circulation the one dollar coins authorized under 
        section 5112(a)(1) of title 31, United States Code, in 
        accordance with the requirements of subsections (b) and (d)(1) 
        of such section (as amended by subsections (a) and (b) of this 
        section).
            (2) Numismatic sets.--The Secretary may include the coins 
        described in paragraph (1) in any numismatic set produced by 
        the United States Mint before the date on which the coins are 
        placed in circulation in accordance with such paragraph.

SEC. 3. CEASING ISSUANCE OF ONE DOLLAR NOTES.

    (a) In General.--Except as provided in subsection (b), beginning on 
the date on which the coins described in section 2(c)(1) are placed in 
circulation in accordance with such section, a Federal reserve bank may 
not issue any $1 Federal Reserve note.
    (b) Limited Production Permitted.--
            (1) In general.--Beginning on the date on which the coins 
        described in section 2(c)(1) are placed in circulation in 
        accordance with such section, the Secretary of the Treasury 
        shall produce only such Federal Reserve notes of $1 
        denomination as the Board of Governors of the Federal Reserve 
        System may order from time to time to meet the needs of 
        collectors of that denomination.
            (2) Issuance.--Notes produced under paragraph (1) shall be 
        issued by one or more Federal reserve banks in accordance with 
        section 16 of the Federal Reserve Act and sold by the 
        Secretary, in whole or in part, under procedures prescribed by 
        the Secretary.

SEC. 4. GENERAL WAIVER OF PROCUREMENT REGULATIONS.

    (a) In General.--Except as provided in subsection (b), no provision 
of law governing procurement or public contracts shall be applicable to 
the procurement of goods and services necessary for carrying out the 
provisions of this Act.
    (b) Equal Employment Opportunity.--Subsection (a) shall not relieve 
any person entering into a contract under the authority of this Act 
from complying with any law relating to equal employment opportunity.
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