Bills · HR 1278
IN COMMITTEE· 119TH CONGRESS
House BillHR 1278Finance and Financial Sector
Coin Metal Modification Authorization and Cost Savings Act of 2025
INTRO FEB 13· LAST ACTION FEB 13
READING
4MIN
COSPONSORS
3BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it addresses the ongoing cost of minting U.S. coins. Sometimes, the cost of the metal in a penny or nickel can be higher than the coin's face value, leading to a loss for the government. If this bill becomes law, the Mint could proactively switch to less expensive materials, potentially saving millions of taxpayer dollars each year, making coin production more efficient and cost-effective.
Without this bill, the Mint would need specific legislative action from Congress for each proposed change to coin metal composition. This bill provides a standing process, which could lead to quicker adjustments to metal costs. Voters should care because it could impact federal spending and potentially modernize how U.S. currency is produced, without, according to the bill's provisions, disrupting the everyday use of coins.
KEY PROVISIONS
5AI-extractedPROVISION 01
Authorizes the Director of the United States Mint to change the metallic composition of circulating coins.
This provision grants new authority to the Mint to modify coins without needing a new act of Congress for each change.
PROVISION 02
Requires a study and analysis, including input from industry stakeholders, to justify any proposed changes.
This ensures that decisions are data-driven and consider the practical impact on businesses and the public.
PROVISION 03
Stipulates that any coin modification must reduce costs, be 'seamless' (same size/weight, compatible with most machines), and have minimal adverse impact.
These conditions are crucial safeguards to prevent disruption for the public and businesses while achieving cost savings.
PROVISION 04
Mandates a 90-legislative-day notification to Congress before any changes can be made.
This provides Congressional oversight and a mechanism for legislative review of the Mint's proposed actions.
PROVISION 05
Allows Congress to block proposed coin modifications through a joint resolution of disapproval.
This ensures that the final decision remains with elected representatives, providing a check on the Mint's authority.
SPONSORSHIP
1 + 3
R· Nevada
YRS IN OFFICE
15
BILLS LED
11
COSPONSOR BREAKDOWNBIPARTISAN · 67%
DEM 1 REP 2 IND 0
ACTION TIMELINE
2 EVENTSFEB 13
Introduced in House
FEB 13
Referred to the Committee on Financial Services, and in addition to the Committees on the Budget, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
BILL INFO
TypeHouse Bill
NumberHR 1278
Congress119th
StatusIn Committee
IntroducedFeb 13, 2025
Last actionFeb 13, 2025
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IN COMMITTEE· 119TH CONGRESS · BUDGET COMMITTEE · INTRODUCED FEB 13, 2025
House BillHR 1278Finance and Financial Sector
Coin Metal Modification Authorization and Cost Savings Act of 2025
INTRODUCED FEB 13, 2025· LAST ACTION FEB 13, 2025
PASSAGE CHANCES
—%
READING
4 min
COSPONSORS
3
COMPLEXITY
Moderate
