So I'm looking through the 2008 Appropriations bill and I noticed this nestled into it... SEC. 113. None of the funds appropriated in this Act or otherwise available to the Department of the Treasury or the Bureau of Engraving and Printing may be used to redesign the $1 Federal Reserve note. Is this really an issue? Is the BEP just chomping at the bit to redesign the $1? It does not mention any other notes so what am I missing? Cheers, David
So can you post the whole thing to see what it was about. Was it a $1 coin? Perhaps thats why.. RickieB
That is the whole thing - the whole part of a telephone book-size bill that deals with the specific issue. All it means is that Congress is happy with the current design of the dollar bill and doesn't want it changed. If they had been talking about coins they would have said "coin", not "Federal Reserve Note", and referred to the "Mint", not the "Bureau of Engraving and Printing"! As much as I sometimes wonder about the intelligence of our legislators, I'm pretty sure they know the difference between pocket change and paper currency!
Guy's..easy now...what I was saying is, were they talking about a coin in the article saying none of the funds could be used for redesigning the $1 note? I never said it was a coin..I am simply asking a question because I did not read the article... Geezzzzz give me a break.... I personally do not think there will be a $1 note redesign in a very long time....who would want to counterfiet a $1?? RickieB
The same guy that counterfeits nickels They were probably referring to the addition of color that they have done to the other notes?
RickieB, I can post the whole section, I saved it just in case, but it is very long and all it talks about is the amount of money that is earmarked for the treasury dept and some of the specifics as to what it should be used for. I just thought it was strange that a section saying you have money to do this, that, and the other, suddenly turns around and says "no". It is basically the only thing that the treasury dept can't do with their money. Cheers, David
I don't see the one or two being redesigned anytime soon. Two dollar notes don't circulate much so really not a lot of counterfeit issues if you think about it. Now, I've always said if I WERE to counterfeit a note it would be a one or a five. They've been messing around with fives so that narrows it down to the ONE. I can't see any "big time" counterfeiter going through the trouble as it would amount to just that. Think how many they'd have to pass to make it worthwhile? Extrapolate that to what it would cost for just one individual to feasibly counterfeit singles. I would think one would have to put out a lot of money to get decent examples and then spend them one dollar at a time. Guess I'll stay on the straight and narrow as it were.
I forget the names and details, but some Congressman who wasn't a fan of dollar coins introduced a bill to redesign the paper $1, apparently in hopes that the resulting attention would keep it from being discontinued. Therefore some other Congressman who was a fan of dollar coins introduced a bill to prohibit the redesign of the paper $1. The latter guy had more connections and ended up getting his language included in this giant omnibus bill. (Where it will make no practical difference, since the Treasury wasn't planning to redesign the $1 anyway.)
... is a big fat loser sorry, but what a waste of time sitting around creatign bills just to stop another person from publishing a bill. I dont see the BEP altering the $1 design unless there is a need. A hobbyists desire for a change is not enough
I don't know who put the wording into the bill but it was put there to fight off HR4856 the "Liberty bill act". It was introdiced to congress on Dec.19th by Rep. Eric Cantor [R-VA] in the hopes it could be snuck into the omnibus 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. For a 2 year period starting Dec. 31 2008. http://www.govtrack.us/congress/billtext.xpd?bill=h110-4856
darn!!! i heard about that 'liberty bill act' and totaly missed the connection! I think the design 'could' have been presented ok within the guidelines of the 'liberty act bill', it also had the potential to be a very busy note and could have lost any artistic possibility. Still, it would have been cool to see an artistic rendering of sorts. I do not think the BEP will redesign anytime soon. But i am all for the redesign of US coins and currency to a more pleasing artistic 'art'. :thumb:
I heard about the "liberty bill" too and I missed the connection as well... Boy I feel sheepish now... David
