QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 50, No. 12, December 2010, Posted On: 12/7/2010


Senate Passes Coin Modernization Act


Emily Jed
Emily@vendingtimes.net
National Automatic Merchandising Association, NAMA, Ned Monroe, vending, vending machine, vending machine industry, Treasury Department, coins, U.S. coins, Coin Modernization, Oversight, and Continuity Act of 2010, HR 6162, U.S. coin redesign

WASHINGTON -- The U.S. Senate has passed the Coin Modernization, Oversight, and Continuity Act of 2010, which is endorsed by the National Automatic Merchandising Association. [see story]

The legislation, designated H.R. 6162, passed the House several weeks ago, passed the Senate on Dec. 1, and is now on its way to President Obama. The bill requires the Treasury to consider the effects on payment validation systems, when evaluating the coin compositions.

"This is a major victory for every member of the vending industry," said NAMA senior vice-president of government affairs Ned Monroe. "New coin validation costs have been estimated to cost our members millions of dollars, and now with this legislation we have successfully protected them from potential unnecessary and costly burdens."


Topic: Vending Features

Articles:
  • Mars Ramps Up Production At Georgia Plants
  • PayRange Secures $12M To Fund Its Vending Machine Payments Technology
  • Systech Joins Consortium To Advance M2M Interoperability
  • Coca-Cola's Julie Seitz Offers Prediction Of Future Workplace Needs For Vending And Refreshment Services
  • Hershey Lowers Growth Forecast Amid Weaker Sales In China, Slashes 300 Jobs

Copyright © 2015 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570