To amend title 31, United States Code, to terminate the Presidential $1 Coin Program, and for other purposes.
Wasteful Presidential Coin Act of 2011 - Terminates the program for redesign and issuance of circulating $1 coins honoring each of the Presidents of the United States (Presidential $1 Coin Program).
Prohibits the minting or issuance of any $1 coin during any period in which the number of $1 coins issued, but not in circulation, is more than 10% of the number in circulation.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Domestic Monetary Policy and Technology.
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