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H.R.5818 / 109th Congress

Currency Overhaul for an Industrious Nation (COIN) Act

Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

Official summary

Version 00 · Introduced in House · Jul 17, 2006

Currency Overhaul for an Industrious Nation (COIN) Act - Amends federal law governing coins and currency to prescribe requirements for redesign and issuance of commemorative circulating $2 Federal Reserve notes.

Requires selection of a new design for $2 Federal Reserve notes placed into circulation during each year of the five-year periods beginning January 1, 2007.

Authorizes Federal Reserve banks to continue to place into circulation $1 Federal Reserve notes until a date determined according to certain criteria.

Transfers the U.S. Mint and the Bureau of Engraving and Printing to the Federal Reserve Board.

Requires the design and issuance of a circulating quarter dollar honoring the District of Columbia and each of the Territories.

Read the summary on Congress.gov
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Who introduced it

Rep. Kolbe, Jim [R-AZ-8] · R–AZ

Committees

  • Financial Services Committee
  • Budget Committee
5 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

  2. Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  3. Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  4. Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  5. Introduced in House

  6. Introduced in House

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.5818 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

Examine H.R.5818 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Institutions and government scope

Conservative lens

Examine H.R.5818 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Individual rights and government power

Liberty lens

Examine H.R.5818 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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