Currency Optimization, Innovation, and National Savings Act of 2025

Hozzl · 2025-03-19T12:55:24Z

Explore the details of House Bill 1401 Currency Optimization, Innovation, and National Savings Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/19/2025, 12:55 PM

Summary of Bill HR 1401

Bill 119 HR 1401, also known as the Coin Modernization and Taxpayer Savings Act of 2021, aims to improve the manufacturing and distribution of coins in order to save taxpayers money. The bill addresses the need for modernization in the production of coins, as well as the potential cost savings that could result from these improvements.

One key aspect of the bill is the establishment of a program to research and develop new coin production methods that are more cost-effective and efficient. This includes exploring the use of alternative materials and technologies to reduce the production costs of coins. Additionally, the bill calls for the evaluation of the current coin distribution system to identify areas where savings can be achieved through improved logistics and management.

Furthermore, the bill aims to address the issue of coin shortages by requiring the Federal Reserve to conduct a study on the factors contributing to coin circulation and develop strategies to ensure an adequate supply of coins in circulation. This is particularly important as the COVID-19 pandemic has disrupted coin circulation and led to shortages in some areas. Overall, Bill 119 HR 1401 seeks to modernize the production and distribution of coins in order to save taxpayers money and ensure a reliable supply of coins in circulation. By implementing these measures, the bill aims to improve the efficiency and cost-effectiveness of the coin manufacturing process, ultimately benefiting taxpayers and the economy as a whole.

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Current Status of Bill HR 1401

Bill HR 1401 is currently in the status of Bill Introduced since February 18, 2025. Bill HR 1401 was introduced during Congress 119 and was introduced to the House on February 18, 2025. Bill HR 1401's most recent activity was Referred to the House Committee on Financial Services. as of February 18, 2025

Bipartisan Support of Bill HR 1401

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1401

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 1401

To save taxpayers money by improving the manufacturing and distribution of coins, and for other purposes.To save taxpayers money by improving the manufacturing and distribution of coins, and for other purposes.

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