SENATE BILL: Eliminating small Dollar denominations Act (Passed)

[Esteemed Jimmy]

I fully oppose this bill.

The penny is still useful and the one dollar bill is one of the most convenient bill to use for small purchases like vending machines ect.

[Esteemed Jimmy]

New bill idea for an amendment.

A BILL
To ensure coins are not costing more to produce than face value of such coins

Be it enacted by the Senate and the House of Representatives, in Congress assembled:

Section 1. Title

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

Section 2. Coin composition revision

The Atlasian Mint shall revise the composition of the penny (0.01$ coin) and 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. This shall be done before July 31st, 2021.

Section 3. Enactment

This bill shall go into effect immediately after passage.

[Esteemed Jimmy]

Amendment idea.

A BILL
To ensure coins are not costing more to produce than face value of such coins

Be it enacted by the Senate and the House of Representatives, in Congress assembled:

Section 1. Title

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

Section 2. Coin composition revision

(a) In general. —

The "Au Revoir To Useless Coins Act" shall be repealed.

(b) Composition. —

The Atlasian Mint shall revise the composition of the penny (0.01$ coin) and 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. This shall be done before July 31st, 2021.

Section 3. Enactment

This bill shall go into effect immediately after passage.

[Esteemed Jimmy]

Aye

[Esteemed Jimmy]

Proposing amendment:

AN ACT

To ensure coins are not costing more to produce than face value of such coins.

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. Effective date

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

[Esteemed Jimmy]

I object to tack's amendment. I get the reasons why some oppose the penny, but eliminating the nickel would be disastrous.

[Esteemed Jimmy]

Aye

[Esteemed Jimmy]

I’m confused here....

I want to eliminate the penny but not the nickle. How should I vote?

The penny is already eliminated under current federal law; this amendment guarantees the nickel will stay without including an unnecessary hypothetical scenario of it being eliminated.

[Esteemed Jimmy]

I’ll be adding a section in my amendment with the purpose of Section 2(5) to my amendment once the vote ends.


I object to the amendment above for the following reasons:

Section 2(1) - There are no coins worth less than a nickel minted.

Section 2(4) - Nothing in this act can be interpreted as preventing this due to the nickel no longer potentially being eliminated.

Section 3(1) - All the cost savings of eliminating the penny and changing the composition of the nickel would probably be canceled out by minting a coin that won’t be used much

Section 3(2) - There is no change being made to federal law here.

Section 4(2-3) Even in Canada the penny is still legal tender even though it hasn’t been made for 7 years.

[Esteemed Jimmy]

Proposing amendment adding Section 3:

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.

[Esteemed Jimmy]

I motion for a final vote.

[Esteemed Jimmy]

Aye

[Esteemed Jimmy]

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".