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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