Although there have been more than a dozen coin related bills introduced in the 112th Congress, so far none of the bills have been approved. In fact, none of the bills have been voted on in either the House of Representatives of Senate. In order to become law, a bill must be voted on and approved by both the House and Senate, and then signed into law by the President.
The bills introduced have either been proposals for commemorative coin programs or efforts to eliminate or modify the production and issuance of $1 coins. The bill with the most support seems to be H.R. 2527, which seeks commemorative coins for the National Baseball Hall of Fame. This bill has 296 cosponsors and was ordered by the House Financial Services Committee to be reported to the House Floor for consideration.
A summary of each of the coin related bills introduced in the 112th Congress follows.
H.R. 497: Ronald Reagan Commemorative Coin Act
The bill seeks to authorize $5 gold coins and silver dollars to be issued in 2017 in commemoration of Ronald Reagan,the 40th President of the United States. There have been numerous past attempts to commemorate Ronald Reagan on a circulating coin, commemorative coins, or currency.
H.R. 886 & S. 431: United States Marshals Service 225th Anniversary Commemorative Coin Act
The bills seeks to commemorate the 225th anniversary of the establishment of the United States Marshals Service with $5 gold coins, silver dollars, and clad half dollars. The coins would be issued to the public in 2015, however the bill provides for a limited number to be issued Director of the U.S. Marshals Service and employees for display and presentation during the 225th anniversary celebration in 2014.
H.R. 1621 Marine Corps Aviation Centennial Coin Act
The centennial of the Marine Corps Aviation, the air component of the United States Marine Corps, would be celebrated with the issuance of up to 100,000 $10 gold coins in 2015. Oddly, the bill includes specifications for the typical $5 gold commemorative coins for the $10 denomination. Previously, the 230th anniversary of the Marine Corps was celebrated in 2005 with the issuance of commemorative silver dollars.
H.R. 1736 & S. 889: Mother’s Day Centennial Commemorative Coin Act
Each bill seeks the issuance of up to 400,000 silver dollars issued in 2014 to celebrate the 100th anniversary of President Wilson’s proclamation establishing Mother’s Day.
H.R. 2139 & S. 1299: Lions Club International Century of Service Commemorative Coin Act
The bills seek to authorize the production and issuance of up to 400,000 commemorative silver dollars to mark the centennial of the Lions Clubs International. The coins would be issued in 2017.
H.R. 2418 & S. 1181: National Future Farmers of America Commemorative Coin Act of 2011
If the bill becomes law, up to 100,000 gold coins and 500,000 silver dollars would be issued in 2014 in commemoration of the 85th anniversary of the National Future Farmers of America Organization.
H.R. 2453: Mark Twain Commemorative Coin Act
The bill seeks to authorize $5 gold coins and silver dollars to be issued in 2016 in commemoration of Mark Twain. A previous bill which was not enacted sought commemorative coins to be issued in 2010 for the 175th anniversary of his birth and the 125th anniversary of the publication of The Adventures of Huckleberry Finn. The latest bill does not mention a specific anniversary.
H.R. 2527: National Baseball Hall of Fame Commemorative Coin Act
This bill calls for the issuance of $5 gold coins, silver dollars, and half dollar to recognize and celebrate the 75th anniversary of the National Baseball Hall of Fame. The coins would be issued in 2015. It is recommended that the coins have a convex reverse to more closely resemble a baseball and a concave obverse.
H.R. 2593: Wasteful Presidential Coin Act of 2011
The bill calls for the removal of the section of the law which authorizes the Presidential $1 Coin Program and seeks to restrict the overproduction of other $1 coins.
S. 1385: A bill to terminate the $1 presidential coin program
This bill also seeks to remove the section of the law authorizing Presidential $1 Coin Program. No further stipulations are provided.
H.R. 2789: Prevention of Wasteful and Unneeded Coins Act of 2011
The bill seeks to suspend the Presidential $1 Coin Program for a period of 15 years. The current requirement for the Federal Reserve Banks to make each design of the series available during an introductory period would be removed. The production requirement for the Native American $1 Coin program would be removed.
H.R. 2778: Dollars and Sense Act of 2011
This bill includes a variety of measures related to $1 coins. The number of presidents honored on $1 coins each year would be reduced from 4 to 2, the number of $1 coins issued for circulation would be limited to the number sold as numismatic items during the previous year, and it would be required that the Direct Ship Program would be available only to persons purchasing the coins for coin collecting purposes.
H.R. 2760: Presidential Dollar Coin Efficiency Act of 2011
In efforts to reduce the current stockpile of $1 coins, the bill would remove the requirement for Federal Reserve Banks to make each Presidential $1 Coin available during an introduced period, limit production for Presidential $1 Coins to not exceed the number produced in the previous year, and and require reports to Congress on steps taken to reduced stockpiles of $1 coins.