Coin Metal Modification Authorization and Cost Savings Act of 2020

“(x) Composition of circulating coins

“(1) In general—Notwithstanding any other provision of law, and subject to the other provisions of this subsection, the Director of the United States Mint (referred to in this subsection as the “Director”), in consultation with the Secretary, may modify the metallic composition of circulating coins (including by prescribing reasonable manufacturing tolerances with respect to those coins) if a study and analysis conducted by the United States Mint indicates that the modification will—

“(A) reduce costs incurred by the taxpayers of the United States;

“(B) be seamless, which shall be determined by verifying that the coins will work interchangeably in most coin acceptors using electromagnetic signature technology; and

“(C) have as minimal an adverse impact as possible on the public and stakeholders, except as described in subparagraph (A).

“(2) Notification to Congress—On the date that is 90 calendar days before the date on which the Director begins making a modification described in paragraph (1), the Director shall submit to Congress notice that—

“(A) provides a justification for the modification, including the support for that modification in the study and analysis required under paragraph (1) with respect to the modification;

“(B) describes how the modification will reduce costs incurred by the taxpayers of the United States;

“(C) certifies that the modification will be seamless, as described in paragraph (1)(B); and

“(D) certifies that the modification will have as minimal an adverse impact as possible on the public and stakeholders, except as described in paragraph (1)(A).

“(3) Congressional authority—The Director may begin making a modification proposed under this subsection on the date that is 90 days after the date on which the Director submits to Congress the notice required under paragraph (2) with respect to that modification, unless Congress, during the 90-day period beginning on the date on which the Director submits that notice—

“(A) finds that the modification is not justified in light of the information contained in that notice; and

“(B) enacts legislation disapproving of the proposed modification.”