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S. 627

BillFederalSenateIn Committee
To amend title 31, United States Code, to limit the face value of coins.
About This Bill
Committee
Latest Action · March 2, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congress
118th (2023–2025)
Introduced
March 2, 2023
Cosponsors (0)
None
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Summary

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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.

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