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H.R. 6162: Coin Modernization, Oversight, and Continuity Act of 2010

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H.R. 6162: Coin Modernization, Oversight, and Continuity Act of 2010

111th Congress · introduced 2010-09-22 · Finance and Financial Sector · Latest: Became Public Law No: 111-302.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2010-09-22 · official record
  2. Who proposed it: Rep. Watt, Melvin L. [D-NC-12] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Became Public Law No: 111-302. (final step reached)
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Coin Modernization, Oversight, and Continuity Act of 2010

Plain summary

(This measure has not been amended since it was passed by the House on September 29, 2010. The summary of that version is repeated here.) Coin Modernization, Oversight, and Continuity Act of 2010 - Requires the Secretary of the Treasury to report biennially to specified congressional committees on production costs for each circulating coin, cost trends, and possible new metallic materials or technologies for the production of circulating coins. Requires detailed recommendations in such reports for: (1) changes to the metallic content of circulating coins; (2) changes in coin production methodology that would further reduce the costs of production; and (3) legislative changes necessary to achieve such goals. Prohibits the Secretary from including any recommendation for specifications: (1) for producing a circulating coin that would require significant change to coin-accepting and coin-handling equipment to accommodate changes to all circulating coins simultaneously; or (2) that would facilitate or allow the use of a coin with a lesser value produced, minted, or issued by another country, or the use of any token or other easily or regularly produced metal device of minimal value, in the place of a circulating coin produced by the Secretary. Authorizes the Secretary, in order to complete the first biennial report and to develop and evaluate the use of new metallic materials for circulating coin production, to: (1) conduct any appropriate testing of appropriate coinage metallic materials; and (2) work with federal and nonfederal entities, including independent research facilities or suppliers of the metallic material used in volume production of circulating coins.

Congressional Research Service summary (Public Law), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Coin Modernization, Oversight, and Continuity Act of 2010

Source: Congressional Research Service summary (Public Law)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Watt, Melvin L. [D-NC-12] · 0 cosponsors

Cost estimate: CBO cost estimate: H.R. 6162, Coin Modernization, Oversight, and Continuity Act of 2010 (2010-09-29); CBO cost estimate: H.R. 6162, Coin Modernization, Oversight, and Continuity Act of 2010 (2010-09-29)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Appropriation
Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong111-hr6162 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111