Page:United States Statutes at Large Volume 124.djvu/3299

 124 STAT. 3273 PUBLIC LAW 111–302—DEC. 14, 2010 owners and operators, transit officials, municipal parking offi- cials, depository institutions, coin and currency handlers, armored-car operators, car wash operators, and American- owned manufacturers of commercial coin processing equipment, considers to be appropriate and in the public interest, after notice and opportunity for comment. SEC. 3. BIENNIAL REPORT TO THE CONGRESS ON THE CURRENT STATUS OF COIN PRODUCTION COSTS AND ANALYSIS OF ALTERNATIVE CONTENT. (a) REPORT REQUIRED.—Before the end of the 2-year period beginning on the date of the enactment of this Act, and at 2- year intervals following the end of such period, the Secretary of the Treasury shall submit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate analyzing production costs for each circulating coin, cost trends for such production, and possible new metallic materials or technologies for the production of circulating coins. (b) DETAILED RECOMMENDATIONS.—In preparing and submit- ting the reports required under subsection (a), the Secretary of the Treasury shall include detailed recommendations for any appro- priate changes to the metallic content of circulating coins in such a form that the recommendations could be enacted into law as appropriate. (c) IMPROVED PRODUCTION EFFICIENCY.—In preparing and submitting the reports required under subsection (a), the Secretary of the Treasury shall include recommendations for changes in the methods of producing coins that would further reduce the costs to produce circulating coins, and include notes on the legislative changes that are necessary to achieve such goals. (d) MINIMIZING CONVERSION COSTS.—In preparing and submit- ting the reports required under subsection (a), the Secretary of the Treasury, to the greatest extent possible, may not include any recommendation for new specifications for producing a circu- lating coin that would require any significant change to coin- accepting and coin-handling equipment to accommodate changes to all circulating coins simultaneously. (e) FRAUD PREVENTION.—The reports required under this sec- tion shall make no recommendation for a specification change that would facilitate or allow the use of a coin with a lesser value produced, minted, or issued by another country, or the use of any token or other easily or regularly produced metal device of minimal value, in the place of a circulating coin produced by the Secretary. (f) RULE OF CONSTRUCTION.—No provision of this Act shall be construed as requiring that additional research and development be conducted for any report under this Act but any such report shall include information on any such research and development during the period covered by the report. SEC. 4. MEETING DEMAND FOR SILVER AND GOLD NUMISMATIC ITEMS. Subsections (e) and (i) of section 5112 of title 31, United States Code are each amended by striking ‘‘quantities’’ and inserting ‘‘qualities and quantities that the Secretary determines are’’. SEC. 5. TECHNICAL CORRECTIONS. Section 5112(u)(1) of title 31, United States Code is amended— 31 USC 5112 note.