![]() These requirements were added at the behest of the congressional delegation to ensure that Sacagawea, whom North Dakotans consider to be one of their own, ultimately remains on the dollar coin.However, Federal Reserve officials indicated to Congress that 'if the Presidential $1 Coin Program does not stimulate substantial transactional demand for dollar coins, the requirement that the Mint nonetheless produce Sacagawea dollars would result in costs to the taxpayer without any offsetting benefits.' In that event, the Federal Reserve indicated that it would 'strongly recommend that Congress reassess the one-third requirement.' The one-third requirement was later changed to one-fifth by the, passed on September 20, 2007.Previous versions of the act called for removing from circulation dollar coins issued before the Sacagawea dollar, most notably the, but the version of the act which became law merely directs the to study the matter and report back to Congress. Furthermore, the Sacagawea design is required to continue after the Presidential Coin program ends. The law states that at least one in three issued dollars must be a Sacagawea dollar.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |