Prevention of Wasteful and Unneeded Coins Act of 2011

Summary

Prevention of Wasteful and Unneeded Coins Act of 2011 - Amends federal law governing coins and currency to prohibit, for a 15-year period, the issuance of $1 dollar coins honoring each of the Presidents of the United States. Authorizes the Secretary of the Treasury to resume issuance of such coins if the demand for $1 coins exceeds the number of them held in reserve. Prohibits the Secretary from issuing any $1 coins if it would result in an excess stockpile of $1 coins not in circulation. Repeals the requirement that the number of $1 coins minted and issued in a year with the Sacagawea design on the obverse be at least 20% of the total of such coins. Repeals the requirement that, during an introductory period, all institutions that want to are able to obtain unmixed supplies of each newly-issued design of $1 coins minted under the President $1 and the First Spouse bullion coin programs.

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Timeline

1. 1 August 2011

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 1 August 2011

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 August 2011

   Introduced

   Introduced in House

   Source: IntroReferral

4. 22 August 2011

   Referred

   Referred to the Subcommittee on Domestic Monetary Policy and Technology.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 August 2011 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 August 2011

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 August 2011

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 August 2011

  Open at official source

Sponsors

• Kevin Yoder · R · Sponsor
• Bill Posey · R · Cosponsor
• Mo Brooks · R · Cosponsor
• Rep. Myrick, Sue Wilkins [R-NC-9] · R · Cosponsor
• Rep. Pitts, Joseph R. [R-PA-16] · R · Cosponsor
• Tom Cole · R · Cosponsor
• Lynn Jenkins · R · Cosponsor
• Blake Farenthold · R · Cosponsor
• · hsba00 · Standing

Related records

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