Keep Your Coins Act of 2023

The Keep Your Coins Act of 2023, also known as Bill 118 hr 4841, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to address the issue of coin shortages in the United States.

The bill proposes several measures to help alleviate the shortage of coins in circulation. One of the key provisions of the bill is the establishment of a Coin Task Force, which would be responsible for studying the causes of the coin shortage and developing strategies to address it. The task force would be composed of representatives from the Treasury Department, the Federal Reserve, and other relevant agencies.

Additionally, the bill calls for the creation of a public awareness campaign to educate the public about the importance of using and returning coins. This campaign would aim to encourage individuals and businesses to deposit their coins in banks and other financial institutions, rather than hoarding them or letting them go out of circulation. Furthermore, the bill includes provisions to incentivize the production and distribution of coins. This could include measures such as increasing the production of certain denominations of coins, or providing financial incentives to banks and businesses that help to distribute coins more effectively. Overall, the Keep Your Coins Act of 2023 aims to address the coin shortage in the United States through a combination of research, education, and incentives. By taking these steps, the bill seeks to ensure that there are an adequate supply of coins in circulation to meet the needs of consumers and businesses.