Coin Modernization and Taxpayer Savings Act of 2008

Summary

Coin Modernization and Taxpayer Savings Act of 2008 - Revises the discretionary authority of the Secretary of the Treasury to prescribe the weight and the composition of the alloy in the one-cent coin. Extends such authority to, and requires the Secretary to prescribe the weight and composition of, the dollar, half-dollar, quarter-dollar, dime, and five-cent coin, as well as the one-cent coin. Requires the coins to be coined, minted, and their materials fabricated in the United States. Requires the Secretary to enter into a formal rulemaking process when making any determination with respect to any change in the weight and composition of any coin. Repeals current weight requirements for the half-dollar, quarter-dollar, dime, five-cent coin, and the one-cent coin. Specifies the characteristics of $1 coins and gold coins. Authorizes the Secretary to prescribe manufacturing tolerances for five-cent and one-cent coins. Requires, for a specified period, the one-cent coin (except for Lincoln Bicentennial Numismatic Pennies) to be produced primarily of steel and treated to impart a copper color to its appearance similar to one-cent coins produced of a copper-zinc alloy.

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

Timeline

1. 28 February 2008

   Referred

   Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

   Source: Committee

2. 28 February 2008

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

3. 28 February 2008

   Introduced

   Introduced in House

   Source: IntroReferral

4. 28 February 2008

   Introduced

   Introduced in House

   Source: IntroReferral

5. 11 March 2008

   Committee

   Subcommittee Hearings Held.

   Source: Committee

6. 6 May 2008

   Floor

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

   Source: Floor

7. 6 May 2008

   Floor

   At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Carter objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was withdrawn.

   Source: Floor

8. 6 May 2008

   Floor

   DEBATE - The House proceeded with forty minutes of debate on H.R. 5512.

   Source: Floor

9. 6 May 2008

   Floor

   Considered under suspension of the rules. (consideration: CR H3096-3099)

   Source: Floor

10. 8 May 2008

    Passed

    The title of the measure was amended. Agreed to without objection.

    Source: Floor

11. 8 May 2008

    Passed

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

    Source: Floor

12. 8 May 2008

    Passed

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR 5/6/2008 H3096-3097)

    Source: Floor

13. 8 May 2008

    Passed

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR 5/6/2008 H3096-3097)

    Source: Floor

14. 8 May 2008

    Floor

    Considered as unfinished business. (consideration: CR H3203-3204)

    Source: Floor

15. 12 May 2008

    Introduced

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

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Referred in Senate · 12 May 2008 · Official file
• Engrossed in House · 8 May 2008 · Official file
• Introduced in House · 28 February 2008 · Official file

Documents

8 official files

• Referred in Senate (text)

  Referred in Senate · EN · 12 May 2008

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 12 May 2008

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 8 May 2008

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 8 May 2008

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 8 May 2008

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 28 February 2008

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 February 2008

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 28 February 2008

  Open at official source

Sponsors

• Rep. Space, Zachary T. [D-OH-18] · D · Sponsor
• LUIS GUTIERREZ · D · Sponsor
• Rep. Frank, Barney [D-MA-4] · D · Sponsor
• · ssbk00 · Standing
• · hsba00 · Standing

Related records

• related to → Coin Modernization and Taxpayer Savings Act of 2007