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United States · Bill · HR

H.R. 3729 (99th)

Gold Bullion Coin Act of 1985

referredUnited States· United States Congress· EN

Introduced

12 November 1985

Last action

12 November 1985 · Introduced

Status

Referred to Subcommittee on Consumer Affairs and Coinage.

Sponsors

Rep. Lewis, Jerry [R-CA-41], Rep. Dixon, Julian C. [D-CA-32], Rep. DioGuardi, Joseph J. [R-NY-20], Rep. Horton, Frank J. [R-NY-29], Rep. Pursell, Carl D. [R-MI-2], Rep. Towns, Edolphus [D-NY-10], Rep. Vucanovich, Barbara F. [R-NV-2], Rep. Edwards, Mickey [R-OK-5], Rep. Hoyer, Steny H. [D-MD-5], Rep. Leland, Mickey [D-TX-18], Rep. Bentley, Helen Delich [R-MD-2], Rep. Bedell, Berkley W. [D-IA-6], Rep. Wortley, George C. [R-NY-27], Rep. Matsui, Robert T. [D-CA-5], Rep. Frank, Barney [D-MA-4], Rep. Hughes, William J. [D-NJ-2], Rep. Weber, Vin [R-MN-2], Rep. Lantos, Tom [D-CA-12], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Myers, John T. [R-IN-7], Rep. Torres, Esteban Edward [D-CA-34], Rep. Green, S. William [R-NY-15], Rep. Porter, John Edward [R-IL-10], Rep. Crockett, George W., Jr. [D-MI-13]

Subjects

Discovery layer

Source updated

29 August 2025

Official sourceView documentsShare

Summary

Gold Bullion Coin Act of 1985 - Directs the Secretary of the Treasury to mint and issue gold coins in 50-dollar, 25-dollar, ten-dollar, and five-dollar denominations. Requires the Secretary to acquire the gold for such coins by purchase of gold mined from natural deposits in the United States or a U.S. territory or possession within one year after the month the ore was mined. Prohibits the Secretary from paying more than the average world price for such gold. Allows the Secretary to use gold from U.S. reserves in the absence of available supplies of such mined gold at the average world price. Repeals a provision prohibiting the Government from delivering any gold coin. Requires any profit from the sale of such coins to be deposited in the Treasury and applied toward reducing the national debt. Directs the Secretary to ensure that the issuance of such coins results in no net cost to the Government.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 12 November 1985

    Referred

    Referred to Subcommittee on Consumer Affairs and Coinage.

    Source: Committee

  2. 12 November 1985

    Introduced

    Referred to House Committee on Banking, Finance and Urban Affairs.

    Source: IntroReferral

  3. 12 November 1985

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 12 November 1985

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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