PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Domestic Monetary Policy and Technology.
Congressional Research Service
Version 00 · Introduced in House · Aug 1, 2011
Presidential Dollar Coin Efficiency Act of 2011 - Repeals the requirement that the Board of Governors of the Federal Reserve System and the Secretary of the Treasury take steps to ensure that designated institutions are able to obtain, during an introductory period, unmixed supplies of newly-issued design of $1 coins.
Limits the number of presidential $1 coins produced in a year to the aggregate number of such coins produced for the previous year. Authorizes the Secretary, however, to waive such limitation upon a determination that demand for a particular design during the year will exceed the amount of coins able to be produced under such limitation.
Changes from mandatory to discretionary the authority of the Director of the U.S. Mint to work closely with designated entities to ensure adequate publicity regarding inauguration of the presidential $1 Coin Program.
Showing the opening paragraphs of the official summary.
Requires the Secretary to reduce the number of $1 coins minted and issued honoring each of the Presidents of the United States and Native Americans until excess stockpiles of $1 coins have been eliminated.
Directs the Secretary and the Board to include in their annual joint report to Congress the steps taken to reduce excess stockpiles of $1 coins.
Amends the Coin Modernization, Oversight, and Continuity Act of 2010 with respect to testimony before certain congressional committees on required reports on coin production costs and content.
People & committees
Rep. Maloney, Carolyn B. [D-NY-14] · D–NY
Legislative record
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Referred to the Subcommittee on Domestic Monetary Policy and Technology.
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR E1476)
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.
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