$2.50 for America’s 250th Act
Summary
The "$2.50 for America's 250th Act" proposes the minting and issuance of both numismatic and circulating $2.50 coins to commemorate the 250th anniversary of the signing of the Declaration of Independence. The bill directs the Secretary of the Treasury to mint these coins, with specific design requirements for a limited period. The circulating coins are contingent upon technical and economic feasibility, while the numismatic coins offer more flexibility in design and materials.
Expected Effects
If enacted, this bill would introduce a new denomination of circulating coin and a series of numismatic coins. The circulating coin's feasibility hinges on the Secretary of Treasury's assessment. The numismatic coins would provide collectors with new items and celebrate American heritage.
Potential Benefits
- Provides a tangible way for citizens to connect with the nation's founding principles.
- Celebrates a significant milestone in American history.
- Could generate revenue for the government through the sale of numismatic coins.
- May increase awareness and interest in numismatics and American history.
- Offers a unifying and educational gesture on the occasion of the semiquincentennial.
Most Benefited Areas:
Potential Disadvantages
- The economic feasibility of a circulating $2.50 coin is uncertain.
- Potential costs associated with minting and distributing a new denomination of coin.
- The bill relies on the Secretary of the Treasury's discretion, which could lead to delays or unfavorable decisions.
- The limited design period may restrict creativity and innovation in future coin designs.
- There is no guarantee that the coins will be widely adopted or used in circulation.
Constitutional Alignment
The bill aligns with the Constitution's Article I, Section 8, which grants Congress the power to coin money and regulate its value. The act specifies the design and issuance of coins, falling under Congress's enumerated powers. There are no apparent conflicts with other constitutional provisions.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).