Senators Enzi and McCain reintroduce the Coins Act to save billions in taxpayer dollars

U.S. Senators Mike Enzi, R-Wyo., and John McCain, R-Ariz., recently reintroduced the Currency Optimization, Innovation, and National Savings Act of 2017 (COINS Act), legislation that would modernize our currency by moving to a $1 dollar coin, reduce the cost of nickel production and suspend the minting of the penny, which currently costs more than one cent to produce. These money-saving reforms, which have been studied and supported by the non-partisan Government Accountability Office, could generate up to $16 billion in taxpayer savings.

“Change can be hard sometimes, but switching to a dolla...