A bill to authorize the Secretary of the Treasury to adopt distinctive counterfeit deterrents for exclusive use in the manufacture of United States securities and obligations, to clarify existing authority to combat counterfeiting, and for other purposes.

Summary

Sets forth civil and criminal penalties for possession of paper, features, or devices adapted to the making of U.S. obligations or other securities after the Secretary of the Treasury adopts a distinctive paper or counterfeit deterrent for such obligations. Provides that the making of counterfeits includes any electronic means for the acquisition, recording, retrieval, transmission, or reproduction of obligations. Authorizes the Secretary to: (1) engrave and print currency and other security documents or conduct related research and development for foreign countries; and (2) contract for U.S. Savings Bond stock. Repeals the requirement that U.S. currency notes be reissued upon redemption.

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

Timeline

1. 1 May 1986

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 1 May 1986

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 1 May 1986

  Open at official source

Sponsors

• Sen. Garn, E. J. (Jake) [R-UT] · R · Sponsor
• · ssbk00 · Standing

Related records

No cross-record relationships stored yet.