- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Committee on Banking, Housing, and Urban AffairsIntroducedJune 12th, 2019
- senate Committees
Minting pennies and nickels under their current composition currently costs more than they’re worth. This commonsense legislation would allow the U.S. Mint to adjust coins’ composition to save taxpayers’ money.
Even if the Mint loses some money on minting pennies and nickels, it more than makes up the difference through paper money. It’s not worth the Mint’s time and effort to reconfigure coins’ composition.