Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 1865 new people
  • 34 new organizations
  • 622 new photos
  • 1247 job history records for people in our database
  • 518 education records for people in our database
  • 2209 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 198 new policy reports
  • 12 new trips to our privately funded travel database
  • 921 new personal financial disclosures
  • 27459 new press releases
  • 30 new town halls

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

Government Operations: A Dollar Coin Could Save Millions

  Premium   Download PDF Now (12 pages)
Report Type Reports and Testimonies
Report Date July 13, 1995
Report No. T-GGD-95-203
Subject
Summary:

The major Western economies all now use a coin for monetary transactions for the same level that Americans use the paper dollar. Although the United States introduced the Susan B. Anthony one-dollar coin in 1979, it was not widely accepted by the public, mainly because the dollar bill was not simultaneously eliminated. GAO reported in 1993 that the government could save $395 million per year on average over 30 years by substituting a one-dollar note. GAO reviewed a recent Federal Reserve study that updated this estimate to $456 million per year, which GAO believes is reasonable. On the basis of the foreign experiences its studies, GAO notes five essential element to ensure a successful conversion: (1) elimination of the one-dollar note; (2) a reasonable transition period; (3) a coin that is well-designed and readily distinguishable from other coins; (4) an adequate public awareness campaign; and (5) sustained administrative and congressional support to withstand negative public reaction.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com