,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #bbii  ,,in ,,the ,,house ,,of  
,,representatives  ,may #b1 #bjag,ms4   
,tenney 7for herself1 ,mr4 ,brady of    
,pennsylvania1 and ,mr4 ,jones7         
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
save taxpayers money by improving the   
manufacturing and distribution of coins 
and notes1 and for other purposes4  #a4 
,short title ,this ,act may be cited as 
the ,currency ,optimization1            
,innovation1 and ,national ,savings ,act
 of #bjag4  #b4 ,,gao study on the      
production of the penny  7a7 ,study ,the
 ,comptroller ,general of the ,united   
,states shall carry out a study on the  
production cost of the one-cent coin and
 ways the production cost could be      
lowered while maintaining the utility of
 the one-cent coin4  7b7 ,report ,not   
later than #ahj days after the date of  
enactment of this ,act1 the ,comptroller
 ,general shall issue a report to the   

,committee on the ,budget and the       
,committee on ,banking1 ,housing1 and   
,urban ,affairs of the ,senate and the  
,committee on the ,budget and the       
,committee on ,financial ,services of   
the ,house of ,representatives          
containing all findings and             
determinations made in carrying out the 
study required under subsection 7a74    
#c4 ,saving taxpayers money by replacing
 #a notes with #a coins  7a7 ,in general
 ,it is the policy of the ,united       
,states that #a coins should replace #a 
,federal reserve notes as the only #a   
monetary unit issued and circulated by  
the ,board of ,governors of the ,federal
 ,reserve ,system4  7b7 ,final date for 
placing #a notes into circulation       
,beginning on the date that is #b years 
after the date of enactment of this     
,act1 the ,board of ,governors of the   
,federal ,reserve ,system may not issue 
#a ,federal reserve notes4  7c7         
,transition period ,before the date     
described in subsection 7b71 the ,board 

of ,governors of the ,federal ,reserve  
,system shall ensure adequate supplies  
of #a coins to meet the demand of such  
coins on and after such date4  7d7      
,removal and destruction of #a ,federal 
reserve notes ,the ,board of ,governors 
of the ,federal ,reserve ,system shall  
ensure that all #a ,federal reserve     
notes removed from circulation in       
accordance with the date described in   
subsection 7b7 have been destroyed4  7e7
 ,exception ,notwithstanding subsections
 7b7 and 7c71 the ,board of ,governors  
of the ,federal ,reserve ,system shall  
produce such ,federal reserve notes of  
#a denomination as the ,board of        
,governors determines from time to time 
are appropriate solely to meet the needs
 of numismatic collectors of that       
denomination4 ,such collectible versions
 of #a ,federal reserve notes shall be  
sold in accordance with other general   
provisions governing collectible        
versions of notes4  7f7 ,no effect on   
legal tender ,notwithstanding any other 

provision of this section1 #a ,federal  
reserve notes are legal tender in the   
,united ,states for all debts1 public   
and private1 public charges1 taxes1 and 
duties1 regardless of the date of       
printing or issue4