Coin Fraud Prevention Act

Summary

Coin Fraud Prevention Act - Prohibits fraudulent representations in the sale or trade of coins, bullion, or numismatic items. Prohibits the manufacture or sale of any item in resemblance of any coin, medal, or item of currency issued by the United States, unless such item is clearly and permanently marked "copy." Prohibits any nongovernmental entity or person from using any representations in any solicitation for the purchase of any coin or numismatic item which could reasonably be interpreted or construed as falsely implying any Federal Government connection, approval, or endorsement. Imposes criminal penalties for violations of such prohibitions. Authorizes a civil cause of action (including class actions) against any person who violates any such prohibitions. Allows the award of actual damages, punitive damages, and court costs and attorneys fees in any such civil action. Allows State Attorneys General to bring a civil action on behalf of individuals residing in such State. Establishes a two-year statute of limitations for such actions. Makes the Federal Trade Commission (FTC) responsible for the administrative enforcement of the provisions of this Act. Specifies that the provisions of this Act shall not annul, alter, or affect State laws that are consistent with this Act. Authorizes the civil forfeiture of any materials used, items produced, or profits derived from violations of this Act. Authorizes the U.S. Postal Service to seize any such property on behalf of the Attorney General in any case in which a violation of this Act involves the mails.

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Timeline

1. 21 June 1988

   Introduced

   Introduced in House

   Source: IntroReferral

2. 21 June 1988

   Introduced

   Introduced in House

   Source: IntroReferral

3. 21 June 1988

   Introduced

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

   Source: IntroReferral

4. 1 July 1988

   Referred

   Referred to Subcommittee on Consumer Affairs and Coinage.

   Source: Committee

5. 21 July 1988

   Referred

   Referred to Subcommittee on Criminal Justice.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 21 June 1988

  Open at official source

Sponsors

• Rep. Annunzio, Frank [D-IL-11] · D · Sponsor
• Rep. Bevill, Tom [D-AL-4] · D · Sponsor
• · hsju00 · Standing
• · hsba00 · Standing

Related records

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