Liberty Bill Act (Introduced in House)

Hello

My intrest is in Coins. The bill below is still active
as of January of 2008. It deals with Paper Money.

I narrowed the search by using the dates 01/01/2008
through 01/12/2008 on the Library Of Congress (Thomas)
web site to see what is currently active for 2008.



Liberty Bill Act (Introduced in House)

HR 4856 IH

110th CONGRESS

1st Session

H. R. 4856
To require the Secretary of the Treasury to redesign
$1 Federal reserve notes so as to incorporate the
preamble to the Constitution of the United States, a
list describing the Articles of the Constitution,
and a list describing the Amendments to the
Constitution, on the reverse side of such notes.


IN THE HOUSE OF REPRESENTATIVES

December 19, 2007
Mr. CANTOR introduced the following bill; which was
referred to the Committee on Financial Services

-------------------------------------------------------

A BILL
To require the Secretary of the Treasury to redesign
$1 Federal reserve notes so as to incorporate the
preamble to the Constitution of the United States,
a list describing the Articles of the Constitution,
and a list describing the Amendments to the
Constitution, on the reverse side of such notes.


Be it enacted by the Senate and House of
Representatives of the United States of America in
Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Liberty Bill Act'.

SEC. 2. FINDINGS.

The Congress finds that--

(1) many Americans are unaware of the provisions of
the Constitution of the United States, one of the
most remarkable and important documents in world
history;

(2) an abbreviated version of the Constitution,
consisting of the preamble, a list of the Articles,
and a list of the Amendments, could easily be
placed on the reverse side of $1 Federal reserve
notes;

(3) the placement of an abbreviated version of the
Constitution on $1 Federal reserve notes would
remind the American people of the historical
importance of the Constitution and its impact on
their lives today;

(4) the preamble would remind Americans of the
blessings of liberty;

(5) the Articles would remind Americans of the
framework of the United States Government;

(6) the Amendments would remind Americans of the
historical changes to this living document that
forms the very core of the American experience;
and

(7) people throughout the world would also learn
about the framework of a republican government,
the blessings of liberty, and the ideals of human
rights through the exchange of American currency.

SEC. 3. REDESIGN OF REVERSE SIDE OF FEDERAL
RESERVE NOTES.

(a) IN GENERAL- Section 5114 of title 31, United
States Code, is amended by adding at the end the
following new subsection:

`(d) LIBERTY BILLS-

`(1) IN GENERAL- In addition to the requirements
of subsection (b) (relating to the inclusion of
the inscription `In God We Trust' on all United
States currency) and the 8th undesignated
paragraph of section 16 of the Federal Reserve
Act, the design of the reverse side of the lowest
denomination of Federal reserve notes shall
incorporate the preamble to the Constitution of
the United States, a list describing the Articles
of the Constitution, and a list describing the
Amendments to the Constitution.

`(2) DESIGN- Subject to paragraph (3), the preamble
to the Constitution of the United States and lists
describing the Articles and Amendments of the
Constitution shall appear on the reverse side of
the $1 Federal reserve notes in the following format:
s,d120

g: graphics S244.001


`(3) AUTHORITY OF SECRETARY- The requirements of
this subsection shall not be construed as--

`(A) prohibiting the inclusion of any other
inscriptions or material on the reverse side of
Federal reserve notes which the Secretary may
determine to be necessary or appropriate; or

`(B) limiting any other authority of the Secretary
with regard to the design of Federal reserve notes,
including the adoption of any design features to
deter the counterfeiting of United States currency.'.

(b) DATE OF APPLICATION- The amendment made by
subsection (a) shall apply to the lowest
denomination of Federal reserve notes which are
first placed into circulation after
December 31, 2008.

(c) SUNSET PROVISION- Federal reserve notes bearing
the design required under the amendment made by
subsection (a) shall only be issued during the
2-year period beginning on the date such notes are
first issued pursuant to subsection (b).


...

"Arizona Coin Collector" wrote in message
...
Hello

My intrest is in Coins. The bill below is still active
as of January of 2008. It deals with Paper Money.

I narrowed the search by using the dates 01/01/2008
through 01/12/2008 on the Library Of Congress (Thomas)
web site to see what is currently active for 2008.

[snip]

This is just one of the many things U.S. citizens should have learned in
school, had they been paying attention. That Congress has the time to
fritter away dealing with this issue is proof that our country is in better
shape than any of our Presidential candidates has so far acknowledged.

James

On Jan 12, 10:39*am, "Mr. Jaggers" lugburzman[at]yahoo[dot]com
wrote:
"Arizona Coin Collector" wrote in ...

Hello

My intrest is in Coins. The bill below is still active
as of January of 2008. It deals with Paper Money.

I narrowed the search by using the dates 01/01/2008
through 01/12/2008 on the Library Of Congress (Thomas)
web site to see what is currently active for 2008.

[snip]

This is just one of the many things U.S. citizens should have learned in
school, had they been paying attention. *That Congress has the time to
fritter away dealing with this issue is proof that our country is in better
shape than any of our Presidential candidates has so far acknowledged.

James

I actually talked with the school teacher who is pushing this bill, a
couple years back. I told him that, if he does get the chance, to
please talk to Congressman Cantor about getting the FRONT of the $1
bill redesigned along with the back, since the bill really only calls
for the redesign of the back. I see nothing different in the Liberty
Bill Act, since though. So, does anyone here think that if this bill
ever passes, that the Treasury may also select a modern "big head"
front of the NexGen style for the new $1 bills? Jim Benfield always
told me that, if the back of the $1 bill gets redesigned, there is no
reason not to redesign the front, seeing as redesigning the back of
the $1 will reek havoc on the vending industry, anyway. I also hope
that, if the Liberty Bill ever does pass, that the Treasury decides
that it might as well redesign the front and back of the $2 bill as
well. Then at least we'd have a "somewhat" modernized currency system.
And I also say, keep redesigning the $1, $2 and $5 bills each time the
other denominations are redesigned. I have a feeling that they will
not redesign the $5 bill the next time they redesign the U.S.
currency. Mainly because, they were not even going to redesign it this
time around until they decided that they needed to correct some
problems involving counterfeiting $100 bills on $5 bills. Those
problems being fixed now, would they even bother to redesign the $5
with the next redesign? (The next currency redesign could start as
soon as 2010-2013 (7-10 years since 2003) Lets hope they add a $200
and $500 bill for the next redesign. (Yeah, I still haven't gotten off
that kick. Sorry)

wrote in message
...
On Jan 12, 10:39 am, "Mr. Jaggers" lugburzman[at]yahoo[dot]com
wrote:
"Arizona Coin Collector" wrote in
...

Hello

My intrest is in Coins. The bill below is still active
as of January of 2008. It deals with Paper Money.

I narrowed the search by using the dates 01/01/2008
through 01/12/2008 on the Library Of Congress (Thomas)
web site to see what is currently active for 2008.

[snip]

This is just one of the many things U.S. citizens should have learned in
school, had they been paying attention. That Congress has the time to
fritter away dealing with this issue is proof that our country is in
better
shape than any of our Presidential candidates has so far acknowledged.

James

I actually talked with the school teacher who is pushing this bill, a
couple years back. I told him that, if he does get the chance, to
please talk to Congressman Cantor about getting the FRONT of the $1
bill redesigned along with the back, since the bill really only calls
for the redesign of the back. I see nothing different in the Liberty
Bill Act, since though. So, does anyone here think that if this bill
ever passes, that the Treasury may also select a modern "big head"
front of the NexGen style for the new $1 bills? Jim Benfield always
told me that, if the back of the $1 bill gets redesigned, there is no
reason not to redesign the front, seeing as redesigning the back of
the $1 will reek havoc on the vending industry, anyway. I also hope
that, if the Liberty Bill ever does pass, that the Treasury decides
that it might as well redesign the front and back of the $2 bill as
well. Then at least we'd have a "somewhat" modernized currency system.
And I also say, keep redesigning the $1, $2 and $5 bills each time the
other denominations are redesigned. I have a feeling that they will
not redesign the $5 bill the next time they redesign the U.S.
currency. Mainly because, they were not even going to redesign it this
time around until they decided that they needed to correct some
problems involving counterfeiting $100 bills on $5 bills. Those
problems being fixed now, would they even bother to redesign the $5
with the next redesign? (The next currency redesign could start as
soon as 2010-2013 (7-10 years since 2003) Lets hope they add a $200
and $500 bill for the next redesign. (Yeah, I still haven't gotten off
that kick. Sorry)

You expect most people will be paying for large $$ purchases with cash in
2013? Even if $200 and $500 bills were available? You'd better think
outside the box a little more. How many people would feel comfortable
carrying half that much around in a wallet anymore? Even today, most
retail purchases over $50 are paid with check or plastic. Survey a hundred
shoppers in a busy mall today and I'll bet not more than one or two would
have a $100 bill on them. And maybe half of those you ask would think
you're trying to rob them, so cancel that thought.

A couple years after a bill's design changes, few will recall what had
changed over the former version. As long as the bills do their job, the
average consumer seldom pays attention to its design elements. As
collectors, I'm sure many of us would love to see some of the classic
designs resurrected, but then I wonder how long it would take for the
excitement to fade.

And why keep redesigning the $1 or $2 bill when we're trying at the same
time to encourage billions of dollar coins to circulate? Redesigning the
dollar coins four times a year hasn't brought more of them into the
marketplace.

Amendment offered by representative (so and so) and cosponsered by (a few others):

Section one - Strike all existing text of bill

Section two - The secretary shall not order and issue federal reserve notes in
the denomination of one dollar after two years following passage of this act.

--
___________________________________________ ____ _______________
Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise again!
Appleton, Wisconsin USA | | | | | |
___________________________________________ | | | | | | _______________

"Michael G. Koerner" wrote in message
. ..
Amendment offered by representative (so and so) and cosponsered by (a few
others):

Section one - Strike all existing text of bill

Section two - The secretary shall not order and issue federal reserve
notes in the denomination of one dollar after two years following passage
of this act.



?? Are you responding to my post? If so, I guess you lost me. I was
responding to Malanutt's post and yours doesn't have anything to do with my
comments as far as I can tell, unless you left something out.

"Bruce Remick" wrote in message
...

"Michael G. Koerner" wrote in message
. ..
Amendment offered by representative (so and so) and cosponsered by (a few
others):

Section one - Strike all existing text of bill

Section two - The secretary shall not order and issue federal reserve
notes in the denomination of one dollar after two years following passage
of this act.



?? Are you responding to my post? If so, I guess you lost me. I was
responding to Malanutt's post and yours doesn't have anything to do with
my comments as far as I can tell, unless you left something out.
I think he was pointing out that the Liberty Bill Act will only last two
years.
There may the be both the current One-Dollar Bill, and the Redesign one to
be
printed at the same time. This way, Vending Machines can accept the older
design.

On Jan 13, 4:50*pm, "Michael G. Koerner" wrote:
Amendment offered by representative (so and so) and cosponsered by (a few others):

Section one - Strike all existing text of bill

Section two - The secretary shall not order and issue federal reserve notes in
the denomination of one dollar after two years following passage of this act.

--
___________________________________________ *____ * * * * * * *_______________
Regards, * * * * * * * * * * * * * * * * * *| * *|\ * *____
* * * * * * * * * * * * * * * * * * * * * * *| * *| | *| * *|\
Michael G. Koerner * * * * * * * May they * | * *| | *| * *| | * rise again!
Appleton, Wisconsin USA * * * * * * * * * * | * *| | *| * *| |
___________________________________________ | * *| | *| * *| | _______________

Wait a minute. By the bill saying "The secretary shall not order and
issue federal reserve notes in
the denomination of one dollar after two years following passage of
this act" mean that they are trying to get rid of the $1 bill two
years after the Liberty Bill passes and these new $1 bills will only
circulate for two years? That would be some positive news on
eliminating the $1 bill.

Bruce:

Even if there were not many people using $100 bills around here, there
are still so many being used overseas, that the demand of $100 bills
keeps rising. So a $500 bill would save the government money. Also, I
hate when people use checks and credit cards. I can't tell you how
many times I've been in a long line at a store, only to get up to the
last person in front of me, and getting stuck there for a good 20 or
more minutes, due to their credit cards or whatever, messing up in the
machine. So if the $500 bill returns and more people start using cash
again, I'm all for it. Also, another reason that people might not use
larger bills for cash purchases, is because the $100 bill is still too
small of a denomination for it not to be too much of a pain. How many
people want to count out 10 $100 bills if they could have access to
two $500 bills? There are people who still like to use cash on large
items, and I think we should have that choice. Plus, do you ever watch
the gameshow channel (if you get it) and see all of these high stakes
poker players with their ten or twenty straps of $100 bills? Why
aren't they just whipping out their credit card for that, instead of
dealing with all of those $100 bills? I believe casinos would have a
demand for $200 and $500 bills. And if the Euro people are doing 200
and 500 Euros, obviously it would be practical here in the U.S.
Actually, a couple weeks ago, a guy in front of me in a store whipped
out 8 $100 bills to pay for some electronics. So I believe that the
demand for high denominations is still there, even if not as big as
before, and should still be addressed.

As for redesigning the $1 and $2 bills. Why not redesign them and keep
them current until we actually do eliminate them? No point in having
two or three different designs of currency floating around in
circulation, and I'm sure that the goverment has money to spend on
these redesigns. At least the $2 bill should be redesigned if they
actually push for getting rid of the $1 bill.

Tom

"Arizona Coin Collector" wrote in message
...

"Bruce Remick" wrote in message
...

"Michael G. Koerner" wrote in message
. ..
Amendment offered by representative (so and so) and cosponsered by (a
few others):

Section one - Strike all existing text of bill

Section two - The secretary shall not order and issue federal reserve
notes in the denomination of one dollar after two years following
passage of this act.



?? Are you responding to my post? If so, I guess you lost me. I was
responding to Malanutt's post and yours doesn't have anything to do with
my comments as far as I can tell, unless you left something out.

I think he was pointing out that the Liberty Bill Act will only last two
years.
There may the be both the current One-Dollar Bill, and the Redesign one to
be
printed at the same time. This way, Vending Machines can accept the older
design.

Actually, I was commenting on Malanutt's thoughts about a periodic redesign
of the $1 and $2 bills as well as the prospects for a $200 and/or $500 bill
five years from now.

wrote:
On Jan 13, 4:50 pm, "Michael G. Koerner" wrote:
Amendment offered by representative (so and so) and cosponsered by (a few others):

Section one - Strike all existing text of bill

Section two - The secretary shall not order and issue federal reserve notes in
the denomination of one dollar after two years following passage of this act.

--
___________________________________________ ____ _______________
Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise again!
Appleton, Wisconsin USA | | | | | |
___________________________________________ | | | | | | _______________

Wait a minute. By the bill saying "The secretary shall not order and
issue federal reserve notes in
the denomination of one dollar after two years following passage of
this act" mean that they are trying to get rid of the $1 bill two
years after the Liberty Bill passes and these new $1 bills will only
circulate for two years? That would be some positive news on
eliminating the $1 bill.

No, I'm just saying "drop the denomination" - period.

(see 'Section one' of my above comment)

--
___________________________________________ ____ _______________
Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise again!
Appleton, Wisconsin USA | | | | | |
___________________________________________ | | | | | | _______________