H.R. 5818 · 109th Congress
Currency Overhaul for an Industrious Nation (COIN) Act
- Stage
- In committee
- Sponsor
- Jim Kolbe
- Introduced
- 2006-07-17
- Latest action
- 2006-08-31 · Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Summary
Currency Overhaul for an Industrious Nation (COIN) Act - Amends federal law governing coins and currency to prescribe requirements for redesign and issuance of commemorative circulating $2 Federal Reserve notes.
Requires selection of a new design for $2 Federal Reserve notes placed into circulation during each year of the five-year periods beginning January 1, 2007.
Authorizes Federal Reserve banks to continue to place into circulation $1 Federal Reserve notes until a date determined according to certain criteria.
Transfers the U.S. Mint and the Bureau of Engraving and Printing to the Federal Reserve Board.
Requires the design and issuance of a circulating quarter dollar honoring the District of Columbia and each of the Territories.