S. 627 · 118th Congress
Cancel the Coin Act
- Stage
- In committee
- Sponsor
- Mike Lee
- Introduced
- 2023-03-02
- Latest action
- 2023-03-02 · Introduced in Senate
Summary
Cancel the Coin Act
This bill prohibits the Department of the Treasury from minting or issuing any coin, including platinum bullion coins and proof platinum coins, having a nominal or face value exceeding $200. In addition, Treasury is prohibited from depositing, and the Federal Reserve is prohibited from accepting, any platinum bullion coins or proof platinum coins to be applied to the Treasury's account.