H.R. 4846 — Silver Eagle Coin Continuation Act of 2002

Summary

Silver Eagle Coin Continuation Act of 2002 - Amends Federal currency law to repeal the prohibition against using silver transferred to stockpiles established under the Strategic and Critical Materials Stock Piling Act to mint coins.

(Sec. 2) Instructs the Secretary of the Treasury to study and report to Congress on the impact on the U.S. silver market of minted and issued coins.

Instructs the Director of the United States Mint to report annually to Congress on purchases of silver the Secretary makes.

(Sec. 3) Revises conditions for payment of surcharges to recipient organizations to limit such a payment to an amount matching the amount the organization has raised from private funds.

(Sec. 4) States that any expense incurred by the Secretary in connection with the Citizens Commemorative Coin Advisory Committee shall be treated as an ordinary and reasonable incident of Mint operations and programs. Mandates preparation of a budget for the United States Mint Public Enterprise Fund, as well as annual financial statements, audits, and reports on the Fund, and an annual marketing report.

Legislative Actions

2002-05-23

Introduced in House

2002-05-23

Introduced in House

2002-05-23

Referred to the House Committee on Financial Services.

2002-05-31

Referred to the Subcommittee on Domestic Monetary Policy, Technology and Economic Growth.

2002-06-25

Mr. Oxley moved to suspend the rules and pass the bill, as amended.

2002-06-25

Considered under suspension of the rules. (consideration: CR H3909-3913)

2002-06-25

DEBATE - The House proceeded with forty minutes of debate on H.R. 4846.

2002-06-25

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

2002-06-25

Considered as unfinished business. (consideration: CR H3914)

2002-06-25

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 1 (Roll no. 257).(text: CR H3909-3911)

Roll Call #257 (House)

2002-06-25

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 1 (Roll no. 257). (text: CR H3909-3911)

Roll Call #257 (House)

2002-06-25

Motion to reconsider laid on the table Agreed to without objection.

2002-06-26

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Silver Eagle Coin Continuation Act of 2002

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