In December of 2005, Rep. Carolyn Maloney told her fellow lawmakers they’d be fools not to support a bill creating dollar coins embossed with the faces of U.S. presidents. Maloney sponsored the Presidential $1 Coin Act, proclaiming it would be a net win for taxpayers.
“This bill earns money for the government, benefits small businesses and consumers, educates all users of American currency about . . .