American Eagle Gold Coin Act of 1982

Summary

American Eagle Gold Coin Act of 1982 - Directs the Secretary of the Treasury to mint gold coins to be referred to as "American Eagles". Sets forth the specifications for four types of such gold coins. Declares that coins minted under this Act shall not be legal tender for public debts, public charges, taxes, duties or dues, but may be used for the payment of private debts. Sets forth the dates by which the Secretary shall begin delivery of such coins. Sets forth the formula by which the Secretary shall determine the daily price of such coins. Grants the Secretary the power to adjust the seigniorage charge on the sale of all such coins to finance the expenses of minting, delivering, and distributing them. Permits the exchange of gold bullion for such American Eagle coins. Permits the Secretary to prescribe necessary regulations. Declares that any gain or loss derived from the sale, exchange, or other disposition of any coin authorized by this Act shall not be recognized as a capital gain or loss under any Federal, State, or local income tax. Exempts the purchase or sale of any such coin from any Federal, State, or local sales, personal property, or excise tax.

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

Timeline

1. 1 April 1982

   Introduced

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

   Source: IntroReferral

2. 1 April 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 April 1982

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 April 1982

   Referred

   Referred to Subcommittee on Consumer Affairs and Coinage.

   Source: Committee

5. 28 September 1982

   Committee

   Subcommittee Hearings Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 1 April 1982

  Open at official source

Sponsors

• Rep. Paul, Ron [R-TX-14] · R · Sponsor
• Sen. Lott, Trent [R-MS] · R · Sponsor
• Rep. McDonald, Lawrence P. [D-GA-7] · D · Sponsor
• Rep. Hansen, George V. [R-ID-2] · R · Sponsor
• Rep. Crane, Philip M. [R-IL-8] · R · Sponsor
• Rep. Jeffries, Jim [R-KS-2] · R · Sponsor
• Rep. Collins, James M. [R-TX-3] · R · Sponsor
• Rep. Rousselot, John H. [R-CA-26] · R · Sponsor
• Rep. Crane, Daniel B. [R-IL-19] · R · Sponsor
• Rep. Edwards, Mickey [R-OK-5] · R · Sponsor
• Sen. Craig, Larry E. [R-ID] · R · Sponsor
• Sen. Brown, Hank [R-CO] · R · Sponsor
• Rep. Holt, Marjorie S. [R-MD-4] · R · Cosponsor
• Rep. Hansen, James V. [R-UT-1] · R · Cosponsor
• Rep. Johnston, Eugene (Gene) [R-NC-6] · R · Cosponsor
• Rep. Coyne, James K. [R-PA-8] · R · Cosponsor
• Rep. Roberts, Clint [R-SD-2] · R · Cosponsor
• Rep. Hartnett, Thomas F. [R-SC-1] · R · Cosponsor
• Rep. Marlenee, Ron [R-MT-2] · R · Cosponsor
• Rep. Marriott, David Daniel [R-UT-2] · R · Cosponsor
• Rep. Stangeland, Arlan [R-MN-7] · R · Cosponsor
• · hsba00 · Standing

Related records

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