United States HR 440: Cancel the Coin Act

Bill Text

I
118TH CONGRESS
1ST SESSION H. R. 440
To amend title 31, United States Code, to limit the face value of coins.
IN THE HOUSE OF REPRESENTATIVES
JANUARY 20, 2023
Mr. TIMMONS introduced the following bill; which was referred to the
Committee on Financial Services
A BILL
To amend title 31, United States Code, to limit the face
value of coins.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Cancel the Coin Act’’. 4
SEC. 2. LIMITATION ON FACE VALUE OF COINS. 5
Section 5112 of title 31, United States Code, is 6
amended— 7
(1) in subsection (k)— 8
(A) by inserting ‘‘having such nominal, or 9
face, values as the Secretary may determine but 10
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•HR 440 IH
not in any case exceeding $200’’ after ‘‘plat-1
inum coins’’; and 2
(B) by striking ‘‘denominations,’’; and 3
(2) by adding at the end the following new sub-4
section: 5
‘‘(bb) LIMITATION ON FACE VALUE.—The Secretary 6
may not mint or issue any coin having a nominal, or face, 7
value exceeding $200.’’. 8
Æ
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