Steel cent proposal wins in House vote - NumisMaster
May 16 at 10:10am
Action to preserve the cent as a coin denomination, albeit made of copper-colored steel, to strike a nickel-coated steel five-cent piece and to assure congressional authority in exercising its constitutional responsibilities in deciding how to coin money and regulate the value of it was decisive May 8. That’s when the U.s. House of Representatives unanimously approved the “Coin Modernization and Taxpayer Savings Act of 2008,” H.R. 5512.
Partisan shenanigans the previous two days were forgotten, and both sides of the aisle spoke favorably of a measure that changed substantially since its February introduction as a different bill that was subject to criticism for Congress abdicating the responsibilities that the Founders gave it on coinage matters in Article I, section 8 of the Constitution.
Entire article: Steel Cent Proposal Wins in House Vote - NumisMaster
Filed in: Coin Legislation, NumisMaster
Article Tags: NumisMaster, Pennies.
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