,,ii  #aae? ,,congress  #a/ ,session    
,s4 #gei  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #bi1 #bjag,mr4    
,mc,cain 7= himself & ,mr4 ,enzi7       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to save taxpay]s money by      
improv+ ! manufactur+ & di/ribution (   
co9s & notes1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,curr5cy ,optimization1 ,innovation1 &  
,national ,sav+s ,act ( #bjag4  #b4     
,sav+ taxpay]s money by susp5d+         
production ( ! p5ny  7a7 ,policy ( !    
,unit$ ,/ates ,x is ! policy ( ! ,unit$ 
,/ates t-- 7#a7 suffici5t "o-c5t co9s h 
already be5 m9t$ to meet dem&2  7#b7    
taxpay]s h be5 & w\ld cont9ue to lose   
money produc+ ! "o-c5t co92 &  7#c7     
fur!r production ( ! "o-c5t co9 is n    
necess>y = ! next decade4  7b7 ,tempor>y
 susp5sion ( production ( ! "o-,c5t co9 
,except z provid$ 9 subsection 7c7 &    
not)/&+ any o!r provision ( law1 !      

,secret>y ( ! ,treasury %all cease      
production ( any new "o-c5t co9s = !    
#aj-ye> p]iod beg9n+ on ! date (        
enactm5t ( ?is ,act4  7c7 ,exception    
7#a7 ,9 g5]al ,! ,secret>y ( ! ,treasury
 %all cont9ue to produce "o-c5t co9s z  
appropriate solely to meet ! ne$s (     
numismatic collectors ( t d5om9ation4   
7#b7 ,sale ,! "o-c5t co9s produc$ "u    
p>agraph 7#a7 %all be sold 9 accordance 
) o!r g5]al provisions gov]n+           
collectible co9s 7z oppos$ to circulat+ 
co9s74  7#c7 ,net receipts ,! net       
receipts f ! sale ( "o-c5t co9s produc$ 
"u ?is exception %all equal ! total co/ 
( production1 includ+ v>iable co/s & !  
appropriate %>e ( fix co/s ( production1
 z det]m9$ by ! ,secret>y ( ! ,treasury4
  7d7 ,,gao /udy ,n lat] ?an #c ye>s    
aft] ! date ( enactm5t ( ?is ,act1 !    
,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all--  7#a7 /udy ! effect ( ! susp5sion
 ( production ( ! "o-c5t co92 &  7#b7   
submit to ! ,committee on ! ,budget & ! 
,committee on ,bank+1 ,h\s+1 & ,urban   

,affairs ( ! ,s5ate & ! ,committee on ! 
,budget & ! ,committee on ,f9ancial     
,s]vices ( ! ,h\se ( ,repres5tatives a  
report--  7,a7 on :e!r production %\ld  
rema9 susp5d$ or %\ld be re9/at$2 &     
7,b7 t consid]s--  7i7 ! net sav+s to   
taxpay]s f susp5sion ( production2  7ii7
 :e!r public dem& = "o-c5t co9s 0 able  
to be cont9u\sly met dur+ ! p]iod (     
susp5sion2  7iii7 :e!r public dem& =    
"o-c5t co9s w\ld likely cont9ue to be   
met 9 ! future )\t new production2  7iv7
 :e!r ! "o-c5t d5om9ation ( co9 %\ld be 
p]man5tly end$ z 0 ! case ) ! "o-half   
c5t co92 &  7v7 any o!r factors t are   
relevant4  7e7 ,no effect on legal t5d] 
,not)/&+ any o!r provision ( ?is        
section1 "o-c5t co9s are legal t5d] 9 ! 
,unit$ ,/ates = all debts1 public &     
private1 public *>ges1 taxes1 & duties1 
reg>dless ( ! date ( m9t+ or issue4  #c4
 ,sav+ taxpay]s money by *ang+ !        
composition ( ! nickel  7a7 ,new        
composition requir$ ,section #eaab (    
title #ca1 ,unit$ ,/ates ,code1 is am5d$

 by add+ at ! end ! foll[+3  7w7        
,composition ( circulat+ co9s  7#a7 ,9  
g5]al ,not)/&+ any o!r provision ( law1 
! ,director ( ! ,unit$ ,/ates ,m9t %all 
modify ! composition ( ! five-c5t co9 9 
accordance ) a /udy & analysis conduct$ 
by ! ,unit$ ,/ates ,m9t to a v>iant (   
cupronickel composition equal to #hj    
p]c5t copp] & #bj p]c5t nickel4  7#b7   
,effect ,?is subsection %all rema9 9    
effect z long z ! ,director ( ! ,unit$  
,/ates ,m9t v]ifies t ! modification    
describ$ 9 p>agraph 7#a7 w--  7,a7 r$uce
 co/s to ! taxpay]2  7,b7 is f\nd to be 
seamless ?r\gh te/ by mo/ co9-acceptors2
 &  7,c7 w h no impact on ! public or on
 /akehold]s4  7#c7 ,increase 9 copp]    
cont5t ,! ,director ( ! ,unit$ ,/ates   
,m9t may increase ! p]c5tage ( copp] &  
decrease ! p]c5tage ( nickel 9 !        
five-c5t co9 if--  7,a7 ! ,director ( ! 
,unit$ ,/ates ,m9t submits to ,congress 
a /udy on su* a modification2  7,b7 !   
,director ( ! ,unit$ ,/ates ,m9t makes !
 f9d+s describ$ 9 p>agraph 7#b72 &  7,c7

 ! #ij-;day p]iod beg9n+ on ! date on   
:i* ! /udy is submitt$ "u subp>agraph   
7,a7 has expir$4  4  #d4 ,sav+ taxpay]s 
money by replac+ #a notes ) #a co9s  7a7
 ,9 g5]al ,x is ! policy ( ! ,unit$     
,/ates t #a co9s %\ld replace #a ,f$]al 
,res]ve notes z ! only #a monet>y unit  
issu$ & circulat$ by ! ,bo>d ( ,gov]nors
 ( ! ,f$]al ,res]ve ,sy/em4  7b7 ,f9al  
date = plac+ #a notes into circulation  
,beg9n+ on ! date t is #b ye>s aft] !   
date ( enactm5t ( ?is ,act1 ! ,bo>d (   
,gov]nors ( ! ,f$]al ,res]ve ,sy/em may 
n issue #a ,f$]al ,res]ve notes4  7c7   
,transition p]iod ,be=e ! date describ$ 
9 subsection 7b71 ! ,bo>d ( ,gov]nors ( 
! ,f$]al ,res]ve ,sy/em %all ensure     
adequate supplies ( #a co9s to meet !   
dem& ( su* co9s on & aft] su* date4  7d7
 ,removal & de/ruction ( #a ,f$]al      
res]ve notes ,! ,bo>d ( ,gov]nors ( !   
,f$]al ,res]ve ,sy/em %all ensure t all 
#a ,f$]al ,res]ve notes remov$ f        
circulation 9 accordance ) ! date       
describ$ 9 subsection 7b7 h be5 de/roy$4

  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 ( ,gov]nors det]m9es f "t to "t  
are appropriate solely to meet ! ne$s ( 
numismatic collectors ( t d5om9ation4   
,su* collectible v]sions ( #a ,f$]al    
,res]ve notes %all be sold 9 accordance 
) o!r g5]al provisions gov]n+           
collectible v]sions ( notes4  7f7 ,no   
effect on legal t5d] ,not)/&+ any o!r   
provision ( ?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