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Cancel the Coin Act

12/15/2023, 4:06 PM

Congressional Summary of S 627

Cancel the Coin Act

This bill prohibits the Department of the Treasury from minting or issuing any coin, including platinum bullion coins and proof platinum coins, having a nominal or face value exceeding $200. In addition, Treasury is prohibited from depositing, and the Federal Reserve is prohibited from accepting, any platinum bullion coins or proof platinum coins to be applied to the Treasury's account.

Current Status of Bill S 627

Bill S 627 is currently in the status of Bill Introduced since March 2, 2023. Bill S 627 was introduced during Congress 118 and was introduced to the Senate on March 2, 2023.  Bill S 627's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 2, 2023

Bipartisan Support of Bill S 627

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 627

Primary Policy Focus

Finance and Financial Sector

Comments

Sponsors and Cosponsors of S 627

Mike Lee
Mike Lee
UtahRepublican

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