Summary

Allows the U.S. Mint Director to change the metal composition of coins used in everyday transactions if a Mint study shows the change will save taxpayer money and cause minimal harm. Any new composition must keep the same diameter and weight and be compatible with most coin acceptors that detect electromagnetic signatures. The Director must seek input from industry stakeholders and give Congress advance notice; Congress has an opportunity to disapprove by joint resolution during a 90‑day waiting period following notice. Also sets how the bill’s budget effects are determined for PAYGO rules, using the most recent Budget Committee statement for the Act that was entered for printing before the final passage vote.

Key Points

• Gives the U.S. Mint Director authority to change circulating coin metal composition if a Mint study shows net taxpayer savings and minimal harm.
• Requires new coins to keep the same diameter and weight and to work with most electromagnetic coin‑accepting devices.
• Directs the Mint to seek input from industry stakeholders before changing coin composition.
• Requires at least 90 legislative days' advance notice to Congress and an additional 90 legislative‑day waiting period during which Congress may disapprove by joint resolution.
• Does not create new spending or tax changes; it is an administrative/regulatory authority change for coin production.
• Specifies how PAYGO scoring should be determined using the House Budget Committee statement printed before the final passage vote.

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