Not to be outdone, Rep. Steve Stivers (R-OH) introduced the Cents and Sensibility Act in the house (H.R. 2067) in order to force the change in our change. Stivers’ bill would require that circulating coins “be produced primarily of steel” and that “ be treated in such a manner that the appearance of the coins, both when new and after they have been in circulation, is similar to the one-cent, five-cent, dime, and quarter dollar coins, respectively, produced before the date of the enactment of this subsection.” This differs from the Currency Optimization, Innovation, and National Savings (COINS) Act (S. 759), introduced by Sen. John McCain (R-AZ), in that McCain’s bill would cease production of the one-cent coin, changes the composition of the five-cent coins, and ceases production of the $1 paper currency.

I don’t think either bill has a chance of being passed but if I had to pick one, I would prefer McCain’s COINS Act.

H.R. 2067: Cents and Sensibility Act
Sponsor: Rep. Steve Stivers (R-OH)
• Introduced: April 6, 2017
• Summary: To amend title 31, United States Code, to save the American taxpayers money by immediately altering the metallic composition of the one-cent, five-cent, dime, and quarter dollar coins.
• Last Action: April 6, 2017: Referred to the House Committee on Financial Services.

This bill can be tracked at http://bit.ly/115-HR2067.

S. 921: Duty First Act
Sponsor: Sen. Jerry Moran (R-KS)
• Introduced: April 24, 2017
• Summary: A bill to require the Secretary of the Treasury to mint coins in commemoration of the 100 year anniversary of the 1st Infantry Division
• Last Action: April 28, 2017: Referred to the House Committee on Financial Services

This bill can be tracked at http://bit.ly/115-S921.

H.R. 2256: To require the Secretary of the Treasury to mint coins in recognition of Christa McAuliffe.
Sponsor: Rep. Fred Upton (R-MI)
• Introduced: April 28, 2017
• Last Action: April 28, 2017: Referred to the House Committee on Financial Services

This bill can be tracked at http://bit.ly/115-HR2256.

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