1、 CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Proposed American Innovation $1 Coins name redacted Specialist on the Congress June 26, 2018 On June 20, 2018, the Senate passed an amended version of H.R. 770, the “American Innovation $1 Coin Act.” This bill would requi
2、re the Secretary of the Treasury to mint new $1 coins “in recognition of American innovation and significant innovation and pioneering efforts of individuals or groups from each of the 50 States, the District of Columbia, and the United States territories.” The proposed Innovation $1 coins would be
3、minted beginning in 2019. The Senates action follows House passage of its version of H.R. 770 on January 16, 2018. Congressional Involvement in Coin Design The creation and circulation of money in the United States involves several agencies. The Federal Reserve Board has the authority to issue paper
4、 currency, which it orders from the Department of the Treasurys Bureau of Engraving and Printing. Coins are minted and issued by the U.S. Mint (although the Federal Reserve influences the amounts by providing the Mint with monthly orders and forecasts). In addition, the designs of coins are prescrib
