SENATE BILL: Eliminating small Dollar denominations Act (Passed)

[Southern Senator North Carolina Yankee]

A Final vote is now open on this legislation, Senators please vote Aye, Nay or Abstain.

[Southern Senator North Carolina Yankee]

AYE


Votes to pass, senators have 24 hours to change their votes.

[Southern Senator North Carolina Yankee]

Vote on Final Passage of the Eliminating small Dollar denominations Act:

Aye (4): Jimmy, NC Yankee, Tack and Scott
Nay (0)
Abstain (2): LT and YE

This bill has passed and is sent to the VP.

[Southern Senator North Carolina Yankee]

AN ACT

To ensure coins are not costing more to produce than face value of such coins, and to account for the discontinued minting of pennies in physical transactions.

Section 1. Title

This legislation may be cited as the "Coin Composition Revision Act".

Section 2. Coin composition revision

(a) In general. —

The Atlasian Mint shall work to revise the composition of the nickel ($0.05 coin) and change its manufacturing process and composition in such a way that the manufacturing cost of the coin falls below such coins nominal value.

(b) Date. —

Subsection(a) shall be completed before July 31 of 2021.

Section 3. Physical transactions

All physical transitions using cash between a consumer and a business entity shall be rounded to the nearest multiple of $0.05 after the application of any applicable taxes.

Section 4. Effective date

This Act shall take effect immediately on the date of the enactment of this Act.

People's Regional Senate
Passed 4-0-2 in the Atlasian Senate Assembled,