H.R. 3917, The Coinage Efficiency Act of 2007

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 3917 would suspend the effectiveness of certain regulations relating to the penny, and the authority to prescribe such regulations.

Detailed Summary

Coinage Efficiency Act of 2007 - Declares that specified authority of the Director of the U.S. Mint shall cease to apply, and shall have no force or effect, with respect to one-cent coins.

Denies the Secretary of the Treasury authority to prescribe any regulations that would limit or prohibit the export, melting, or treatment of the one-cent coin until such time as the Secretary first issues a one-cent coin with a different metallic content than the one-cent coins issued as of the date of enactment of this Act.

Status of the Legislation

Latest Major Action: 3/25/2008: Referred to House subcommittee. Status: Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

Points in Favor

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Points Against

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