SENATE BILL: Eliminating small Dollar denominations Act (Passed)
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  SENATE BILL: Eliminating small Dollar denominations Act (Passed)
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Author Topic: SENATE BILL: Eliminating small Dollar denominations Act (Passed)  (Read 2683 times)
Southern Senator North Carolina Yankee
North Carolina Yankee
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« Reply #75 on: May 14, 2020, 07:27:32 PM »

Quote from: Final Senate Text
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.
Quote
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,

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Sestak
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« Reply #76 on: May 20, 2020, 02:34:45 PM »

Can the House please amend the title?


In general people should be much more vigilant about title changes when the function of a bill is fundamentally altered in the amendment process.
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Esteemed Jimmy
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« Reply #77 on: May 20, 2020, 02:38:36 PM »

Can the House please amend the title?


In general people should be much more vigilant about title changes when the function of a bill is fundamentally altered in the amendment process.

The bill was renamed "Coin Composition Revision Act".
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