S. 759 · 115th Congress
Currency Optimization, Innovation, and National Savings Act of 2017
- Stage
- In committee
- Sponsor
- John McCain
- Introduced
- 2017-03-29
- Latest action
- 2017-03-29 · Introduced in Senate
Summary
Currency Optimization, Innovation, and National Savings Act of 2017
This bill suspends the production of one-cent coins, other than collectible coins, for a 10-year period. The Government Accountability Office shall study the effect of this temporary suspension and report on whether production should remain suspended.
In addition, the bill provides for: (1) modifications to the composition of the five-cent coin; and (2) the replacement, in circulation, of $1 notes with $1 coins.