COINS Act Reintroduced To U.S. Senate

The COINS Act, which would result in $1 coins replacing Federal Reserve $1 notes, was reintroduced to the U.S. Senate June 6 by Tom Harking, D-Iowa, according to Coin News. The act, which has received bi-partisan backing from GOP members like John McCain, would end the circulation of $1 Notes after one of two criteria were met— 600,000,000 new $1 coins were released into circulation, or a period of four years had passed since the enactment of the act. Full article.