Bill · H.R. 1278· House(119-HR-1278)
Coin Metal Modification Authorization and Cost Savings Act of 2025
- Introduced
- 2/13/2025
- Last activity
- 2/13/2025 — Referred to the Committee on Financial Services, and in addition to the Committees on the Budget, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Sponsored by
- Mark Amodei
- Cosponsors
- - 2 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the "Coin Metal Modification Authorization and Cost Savings Act of 2025," aims to amend title 31 of the United States Code. The primary goal is to save Federal funds by allowing changes to the metallic composition of circulating coins. The Director of the United States Mint may modify these compositions if a study shows it reduces taxpayer costs. Such changes must be seamless in terms of diameter, weight, and compatibility with coin acceptors. The Director must also notify Congress and wait a specific period before implementing changes.
Yes· 3 of 5
Does this reduce what the federal government spends?+3
The bill authorizes the Mint Director to modify coin composition specifically to reduce costs incurred by the taxpayers of the United States.
Would households on low incomes be better off under this?+1
Reducing government spending on the Mint may provide a slight indirect benefit to all taxpayers, including low-income households.
Would middle-income households be better off under this?+1
The bill aims to reduce costs incurred by the taxpayers, which includes middle-class households.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Reduced Taxpayer Costs: The bill allows the Director of the United States Mint to modify coin composition if it reduces costs incurred by the taxpayers of the United States (Section 2, paragraph 1, subparagraph A).
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Seamless Transition: The bill requires that any modifications to coin composition be seamless, meaning the coins must have the same diameter and weight as current coins and work interchangeably in most coin acceptors using electromagnetic signature technology (Section 2, paragraph 1, subparagraph B).
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Minimized Public Impact: The modification must be conducted in a way that has as minimal an adverse impact as possible on the public and stakeholders (Section 2, paragraph 1, subparagraph C).
Potential Negative Impacts for People
- Potential Adverse Impact: While the bill seeks to minimize it, the text acknowledges that modifications could have an adverse impact on the public and stakeholders (Section 2, paragraph 1, subparagraph C).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+1Good For Middle Class Households+1Good For Rural Residents+1Good For Urban Residents+1
- Economy And Finance
- Reduces Government Spending+3
- 3/4/2025
- 1 Cosponsor added.
- 2/13/2025
- Referred to the Committee on Financial Services, and in addition to the Committees on the Budget, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2 Cosponsors added.
- Introduced in House
James BairdRepublican · Indiana
Josh GottheimerDemocrat · New Jersey
Richard McCormickRepublican · Georgia