Coin Metal Modification Authorization and Cost Savings Act of 2025
3/14/2025, 9:23 AMSummary of Bill HR 1278
Bill 119 hr 1278, also known as the Coin Modernization Act, aims to amend title 31 of the United States Code in order to save Federal funds by allowing changes to the composition of circulating coins. The bill proposes to authorize the Secretary of the Treasury to make adjustments to the materials used in producing coins, with the goal of reducing production costs and potentially generating savings for the government.The bill does not specify the exact changes that would be made to the composition of circulating coins, but it gives the Secretary of the Treasury the authority to determine the most cost-effective and efficient materials to use. This could include exploring alternatives to the current metals used in coin production, such as copper, nickel, and zinc.
In addition to saving Federal funds, the bill also aims to modernize the production process for circulating coins, potentially making it more environmentally friendly and sustainable. By allowing for changes to the composition of coins, the government could also address issues related to coin shortages and production delays that have been experienced in recent years. Overall, the Coin Modernization Act seeks to provide the government with more flexibility in managing the production of circulating coins, with the ultimate goal of saving money and improving efficiency in the coin minting process.
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Current Status of Bill HR 1278
Bill HR 1278 is currently in the status of Bill Introduced since February 13, 2025. Bill HR 1278 was introduced during Congress 119 and was introduced to the House on February 13, 2025. Bill HR 1278's most recent activity was 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. as of February 13, 2025Bipartisan Support of Bill HR 1278
Total Number of Sponsors
3Democrat Sponsors
0Republican Sponsors
3Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
1Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1278
Primary Policy Focus
Alternate Title(s) of Bill HR 1278
To amend title 31, United States Code, to save Federal funds by authorizing changes to the composition of circulating coins, and for other purposes.To amend title 31, United States Code, to save Federal funds by authorizing changes to the composition of circulating coins, and for other purposes.Comments
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Sponsors and Cosponsors of HR 1278
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