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Congress·In Committee·H.R. 595

New Rules for Importing Collectible Coins and Paper Money

To amend the Convention on Cultural Property Implementation Act to make certain technical corrections to facilitate the lawful trade and collecting of numismatic materials.

about 1 year ago·View on Congress.gov
⏸

Stalled

No legislative action in over 90 days.

Legislative Progress

House
Senate
President
Law

Key Points

  • This bill, introduced by Representative Van Duyne, aims to make it easier for collectors to legally bring rare coins, medals, and old paper money into the United States.
  • It creates a clear legal definition for these items, including tokens and historical medals, so there is less confusion at the border about which objects are covered by trade rules.
  • Importers would be able to bring these items into the country by signing a statement under oath that the items were bought legally and are not the result of illegal treasure hunting or looting.
  • To prevent unnecessary delays, the bill stops customs officers from asking for extra paperwork unless they have a specific reason to believe the collector is lying or committing fraud.
  • This change is meant to help hobbyists and professional dealers trade historical items more freely while still following international laws that protect cultural artifacts.

Milestones

2 milestones2 actions
Jan 21, 2025House

Referred to the House Committee on Ways and Means.

Jan 21, 2025

Introduced in House

Source Information

Document Type

Congressional Bill

Official Title

To amend the Convention on Cultural Property Implementation Act to make certain technical corrections to facilitate the lawful trade and collecting of numismatic materials.

Bill NumberHR 595
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Ways and Means.

Sponsor

Cosponsors

(15)
D: 4R: 11

Analysis generated by AI. Always verify with official sources.