SAVE II Act Would Prohibit “Non-Cost Effective” Coins and Currency

http://news.coinupdate.com/save-ii-act-would-prohibit-non-cost-effective-coins-and-currency-2168/

The SAVE II Act would achieve savings through the following measures:

• Require default delivery of official Congressional documents to be electronic instead of paper and streamline processes to reduced the amount of paper used.
• Require the Treasury to spend less on producing money than its given value.
• Require federal prisons to convert to digital X-ray systems.
• Improve the efficiency of DOD's management of spare and excess parts.
• Study foreign aid for waste and inefficient spending.
• Require DOD to study and improve interoperability of new unmanned aerial system platforms, payloads, and ground control stations.
  
• Cancel passports for citizens who owe more than $50,000 in taxes.
• Simplify import duties negating the need for years-long recovery unpaid duties.

Prohibition on Non-Cost Effective Minting and Printing of Coins and Currency

With respect to coins, Section 5111 of title 31, United States Code would be amended by adding at the end the following:

(e) Prohibition on Certain Minting- Notwithstanding any other provision of this subchapter, the Secretary may not mint or issue any coin that costs more to produce than the denomination of the coin (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping).