,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #ccje  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #bb1 #bjac,mr4
 ,fitzpatrick 7= himself1 ,mr4 ,franks (
 ,arizona1 ,mr4 ,g>cia1 ,mr4 ,brady (   
,p5nsylvania1 ,mr4 ,jones1 ,mr4 ,meeks1 
,mr4 ,eny>t1 ,mr4 ,tib]i1 & ,mr4 ,tonko7
 introduc$ ! foll[+ bill2 :i* 0 ref]r$  
to ! ,committee on ,f9ancial ,s]vices   
,a ,,bill  ,to improve ! circulation (  
#a co9s1 to remove b>ri]s to !          
circulation ( su* co9s1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,curr5cy ,optimization1    
,innovation1 & ,national ,sav+s ,act4   
#b4 ,improv+ circulation & remov+ b>ri]s
 to circulation ( #a co9s  7a7 ,duties (
 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve 
,sy/em  7#a7 ,co9 seque/ration  7,a7 ,9 
g5]al ,)9 six mon?s ( ! date ( enactm5t 
( ?is ,act1 ! ,bo>d ( ,gov]nors ( !     
,f$]al ,res]ve ,sy/em %all seque/] all  
#a co9s be>+ ! design common to ^? #a   
co9s m9t$ & issu$ f #aigi-aiha & aga9 9 
#aiii4  7,b7 ,treatm5t ( co9s ,co9s     

seque/]$ pursuant to subp>agraph 7,a7   
%all n be return$ to ord9>y circulation 
or o!rwise releas$ f /orage controll$ by
 ! ,f$]al ,res]ve ,sy/em or an ag5t ( ! 
,f$]al ,res]ve ,sy/em4  7,c7 ,exception 
= c]ta9 uses ,not)/&+ subp>agraph 7,b71 
co9s seque/]$ pursuant to subp>agraph   
7,a7 may be releas$1 at face value & 9  
bulk quantities-- 7i7 to deal]s 9       
collectible co9s2 &  7ii7 to c\ntries t 
h adopt$ ! ,unit$ ,/ates doll> z _! base
 unit ( ex*ange4  7,d7 ,obsolete co9s   
,at ! end ( ! #a-ye> p]iod beg9n+ on !  
date ( ! enactm5t ( ?is ,act1 !         
,secret>y ( ! ,treasury %all decl>e all 
co9s describ$ "u subp>agraph 7,a7 to be 
obsolete1 & su* co9s-- 7i7 %all be      
treat$ 9 ! same mann] z all o!r obsolete
 ,unit$ ,/ates co9s2 &  7ii7 to ! ext5t 
su* co9s rema9 9 g5]al circulation1 %all
 rema9 legal t5d]4  7#b7 ,qu>t]ly report
 on #a co9s ,! ,bo>d ( ,gov]nors ( !    
,f$]al ,res]ve ,sy/em %all issue qu>t]ly
 reports to ! ,committee on ,f9ancial   
,s]vices ( ! ,h\se ( ,repres5tatives & !

 ,committee on ,bank+1 ,h\s+1 & ,urban  
,affairs ( ! ,s5ate on-- 7,a7 ! numb] ( 
co9s seque/]$ pursuant to p>agraph      
7#a77;,a72  7,b7 ! numb] ( co9s describ$
 9 p>agraph 7#a77;,a7 t rema9 9 g5]al   
circulation2 &  7,c7 ef=ts t h be5 made 
to r$uce ! numb] ( co9s describ$ 9      
subp>agraphs 7,a7 & 7,b7 to z]o4  7#c7  
,improvem5t ( circulation ,! ,bo>d (    
,gov]nors ( ! ,f$]al ,res]ve ,sy/em     
%all-- 7,a7 und]take ef=ts to improve ! 
circulation & remove b>ri]s to !        
circulation ( ! #a co91 o!r ?an ^? co9s 
describ$ "u p>agraph 7#a77;,a72  7,b7   
issue a qu>t]ly report to ! ,committee  
on ,f9ancial ,s]vices ( ! ,h\se (       
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate on-- 7i7 :at ef=ts h be5 made to 
improve ! circulation ( #a co9s & :at   
ef=ts are be+ plann$ to improve !       
circulation ( #a co9s2  7ii7 ! success (
 su* ef=ts1 includ+ an analysis ( su*   
co9s held 9 /orage own$ or controll$ by 
! ,f$]al ,res]ve ,sy/em & ! numb] ( su* 

co9s 9 circulation2  7iii7 b>ri]s to !  
circulation ( su* co9s1 includ+ !       
availability ( su* co9s 9 quantities    
unmix$ ) ! #a co9s describ$ 9 p>agraph  
7#a77;,a72 &  7iv7 ! ext5t to :i* !     
,f$]al ,res]ve ,sy/em & any ag5ts ( !   
,f$]al ,res]ve ,sy/em are unable to meet
 end-us] reque/s = deliv]y ( unmix$     
quantities ( su* co9s 9 :atev] =m su*   
end us] requires1 includ+ rolls1        
disposable tubes1 or volume bags ( su*  
co9s4  7#d7 ,outrea* & education ,!     
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em %all cont9u\sly conduct outrea* &
 education programs aim$ at help+ ea*   
bus9ess us+ or accept+ ca% to *oose !   
be/ mix ( #a co9s & banknotes to        
facilitate transactions & r$uce co/s (  
transactions & ( ca%+ out at ! end ( a  
transaction p]iod4  7#e7 ,report on     
,native ,am]ican co9s ,n lat] ?an ! end 
( ! #c-mon? p]iod beg9n+ on ! date ( !  
enactm5t ( ?is ,act1 & annually !reaft]1
 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve 
,sy/em %all issue a report to !         

,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate on ! ,bo>d's ef=ts to improve !  
circulation (1 & remove b>ri]s to !     
circulation (1 #a co9s be>+ ! s-call$   
,native ,am]ican designs1 includ+ any   
ef=ts to in/itute an introductory p]iod 
= ea* new ,native ,am]ican design ( ! #a
 co9 dur+ :i* quantities are available  
unmix$ ) o!r designs4  7#f7 ,use ( #a   
co9s by =eign c\ntries ,! ,bo>d (       
,gov]nors ( ! ,f$]al ,res]ve ,sy/em %all
 "w ) ! ,dep>tm5ts ( ,/ate & ! ,treasury
 to ensure t c\ntries t h adopt$ ! doll>
 z a base unit ( ex*ange & :i* place    
ord]s ) ! ,f$]al ,res]ve ,sy/em1 or     
?r\gh any ,unit$ ,/ates f9ancial        
in/itution1 = supplies ( #a monet>y     
units1 are fully brief$ be=e plac+ ea*  
su* ord] on ! durability & longevity (  
#a co9s 9 high-circulation economies :5 
us$ = transactions ( a l[ doll> value4  
7b7 ,publicity requirem5t ,section      
#eaab7p77#b7 ( title #ca1 ,unit$ ,/ates 

,code1 is am5d$ by ins]t+ aft] ,m9t !   
foll[+3 & ! ,bo>d ( ,gov]nors ( ! ,f$]al
 ,res]ve ,sy/em4  7c7 ,report on        
implem5tation ,n lat] ?an ! end ( !     
#a-ye> p]iod beg9n+ on ! date ( !       
enactm5t ( ?is ,act1 & annually !reaft]1
 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates 
& ! ,inspector ,g5]al ( ! ,f$]al ,res]ve
 ,sy/em & ! ,bureau ( ,consum] ,f9ancial
 ,protection %all ea* issue a report to 
! ,committee on ,f9ancial ,s]vices ( !  
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate on /eps be+ tak5 by ! ,bo>d (    
,gov]nors ( ! ,f$]al ,res]ve ,sy/em to  
c>ry out ?is ,act4  7d7 ,cl>ification ) 
respect to seigniorage ,! n9? proviso ( 
section #eacf ( title #ca1 ,unit$ ,/ates
 ,code1 is am5d$1 by ins]t+ aft]        
miscellane\s receipts ! foll[+3 & su*   
am\nt %all be includ$ z an e/imat$      
receipt ( ! ,gov]nm5t & a receipt ( !   
,gov]nm5t "u p>agraphs 7#f7 & 7#g71     
respectively1 ( section #aaje7;a7 9 any 
budget submitt$ "u su* section4  #c4    

,sav+ taxpay]s funds by transition+ to !
 use ( #a co9s  7a7 ,9 g5]al ,x is !    
policy ( ! ,unit$ ,/ates t aft] #a co9s 
a*ieve suffici5t m>ket p5etration su* t 
consum]s & retail]s are com=table us+ #a
 co9s & are able to obta9 adequate      
supplies ( #a co9s1 #a co9s %\ld replace
 #a ,f$]al ,res]ve notes z ! only #a    
monet>y unit issu$ & circulat$ by !     
,f$]al ,res]ve ,sy/em4  7b7 ,deadl9e =  
plac+ #a ,f$]al ,res]ve notes into      
circulation ,f$]al ,res]ve banks may    
cont9ue to place into circulation #a    
,f$]al ,res]ve notes until ! e>li] (--  
7#a7 ! date on :i* ! numb] ( #a co9s    
plac$ into circulation aft] ! date ( !  
enactm5t ( ?is ,act exce$s #fjj1jjj1jjj 
annually2 or  7#b7 ! date t is #d ye>s  
aft] ! date ( ! enactm5t ( ?is ,act4    
7c7 ,transition p]iod ,aft] ! date      
ref]r$ to 9 subsection 7b71 a ,f$]al    
,res]ve bank may n ord] additional #a   
,f$]al ,res]ve notes b may1 = a p]iod ( 
"o ye>1 cont9ue to place into           
circulation #a ,f$]al ,res]ve notes on  

h& or ^? deposit$ ) x1 except = notes   
describ$ 9 subp>agraph 7d74  7d7        
,removal ( unfit curr5cy ,aft] ! date   
ref]r$ to 9 subp>agraph 7b71 a ,f$]al   
,res]ve bank %all cont9ue to remove     
unfit curr5cy f circulation1 & %all     
cont9ue to de/roy su* curr5cy4  7e7     
,exception ,not)/&+ subsections 7b7 &   
7c71 ! ,bo>d ( ,gov]nors ( ! ,f$]al     
,res]ve ,sy/em %all produce su* ,f$]al  
,res]ve notes ( #a d5om9ation z ! ,bo>d 
det]m9es f "t to "t are appropriate     
solely to meet ! ne$s ( collectors ( t  
d5om9ation4 ,su* notes %all be issu$ by 
"o or m ,f$]al ,res]ve banks 9          
accordance ) section #af ( ! ,f$]al     
,res]ve ,act & sold by ! ,bo>d1 9 :ole  
or 9 "p1 "u proc$ures prescrib$ by !    
,bo>d4  7f7 ,no effect on legal t5d]    
,not)/&+ any o!r subsection ( ?is       
section1 #a ,f$]al ,res]ve notes are    
legal t5d] 9 ! ,unit$ ,/ates = all      
debts1 public & private1 public *>ges1  
taxes1 & duties1 reg>dless ( ! date (   
pr9t+ or issue4