New composition for U.S. coins now contemplated in Senate, House bills
Legislation has been simultaneously introduced in the House and Senate to allow the Treasury secretary to change the composition of American coinage, and to allow public participation in the process.
The bills, H.R. 3330 and S. 1986, were introduced just before Congress was scheduled to start a summer vacation that should last until after Labor Day. Rep. Barney Frank, D-Mass., chair of the House Financial Services Committee, and Coinage subcommittee chair Luis Gutierrez, D-Ill., introduced the measure in the House. Colorado’s two senators, Wayne Mallard and Ken Salazar, representing the state where the Denver Mint is located, put forth the measure in the Senate.
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