text: Make No Cents Until It Makes Sense Act. , 2007-11-08. To amend title 31, United States Code, to prohibit the further minting of 1-cent coins until the Secretary of the Treasury and the Chairman of the Board of Governors of the Federal Reserve System certify in writing that there is not a surplus of 1-cent coins already available for use in transactions, and for other purposes. The U.S. Mint currently spends $.014, which is more than the face value, for each copper-clad zinc U.S. cent it produces. Paul joked, "We can't even afford a zinc standard anymore."
  Sound money/federal reserve
  Coinage Act of 1983. Called for new legal-tender gold and silver coins. Ahead of its time, this Act anticipated the successful Gold Bullion Coin Act of 1985, which led to the minting of American Gold Eagles.
  Gold standard, 1983: Attempted to reinstate the gold standard.
  Coinage legislation, 1984: Sought to require Congressional approval of any new coinage and paper money designs, and formal retention of all test notes from the Bureau of Engraving and Printing.
  Federal Reserve Board Abolition Act. , 2009-02-03, originally , 1999-03-17. Abolishes the Federal Reserve Board and its banks and repeals the Federal Reserve Act.
  Honest Money Act. , 2007-06-15, originally , 2003-07-17. Repeals 31 U.S.C. 5103, the legal tender law that currently mandates acceptance of Federal Reserve notes as legal tender, in accord with hard money policy.