To amend the Convention on Cultural Property Implementation Act to make certain technical corrections to facilitate the lawful trade and collecting of numismatic materials. | ChamberLight
Bills · HR 595
IN COMMITTEE· 119TH CONGRESS
House BillHR 595CurrencyTrade restrictions
To amend the Convention on Cultural Property Implementation Act to make certain technical corrections to facilitate the lawful trade and collecting of numismatic materials.
INTRO JAN 21· LAST ACTION JAN 21
READING
3MIN
COSPONSORS
15BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8
Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-written
Coin collectors, currency dealers, and anyone trading or importing numismatic materials (coins, tokens, paper money, medals) into the United States would be directly affected. They would benefit from clearer rules on what documentation is needed to prove legal acquisition and import. Customs officers would also be affected, as their authority to request additional documentation for numismatic materials would be limited to cases where they have probable cause of fraud.
International sellers and cultural property advocates might also be indirectly affected. The bill aims to facilitate lawful trade, which could increase the flow of these materials, while still requiring proof against illicit origins, which could impact the market for potentially unverified items.
KEY PROVISIONS
4AI-extracted
PROVISION 01
The bill clearly defines 'numismatic material' to include coins, tokens, paper money, and medals.
This provides clarity for collectors, dealers, and customs officers on what specific items are covered by the new rules.
PROVISION 02
It establishes specific evidence requirements for importing numismatic materials, primarily requiring an importer's sworn statement.
This standardizes the process for proving lawful acquisition and export, reducing ambiguity for importers.
PROVISION 03
The evidence must confirm the material was lawfully acquired, lawfully exported, is a known type, and not from illicit excavations.
This ensures that efforts to prevent the trade of illegally sourced cultural property are still in place, specifically for numismatic items.
PROVISION 04
Customs officers cannot demand additional documentation beyond the specified sworn statements unless they have probable cause of fraud.
This provision limits the discretion of customs officers, providing a clear boundary for documentation requests and potentially streamlining the import process for legitimate items.
IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED JAN 21, 2025
House BillHR 595CurrencyTrade restrictions
To amend the Convention on Cultural Property Implementation Act to make certain technical corrections to facilitate the lawful trade and collecting of numismatic materials.
Coin collectors, currency dealers, and anyone trading or importing numismatic materials (coins, tokens, paper money, medals) into the United States would be directly affected. They would benefit from clearer rules on what documentation is needed to prove legal acquisition and import. Customs officers would also be affected, as their authority to request additional documentation for numismatic materials would be limited to cases where they have probable cause of fraud.
International sellers and cultural property advocates might also be indirectly affected. The bill aims to facilitate lawful trade, which could increase the flow of these materials, while still requiring proof against illicit origins, which could impact the market for potentially unverified items.
KEY PROVISIONS
AI-extracted
high
The bill clearly defines 'numismatic material' to include coins, tokens, paper money, and medals.
This provides clarity for collectors, dealers, and customs officers on what specific items are covered by the new rules.
high
It establishes specific evidence requirements for importing numismatic materials, primarily requiring an importer's sworn statement.
This standardizes the process for proving lawful acquisition and export, reducing ambiguity for importers.
high
The evidence must confirm the material was lawfully acquired, lawfully exported, is a known type, and not from illicit excavations.
This ensures that efforts to prevent the trade of illegally sourced cultural property are still in place, specifically for numismatic items.
med
Customs officers cannot demand additional documentation beyond the specified sworn statements unless they have probable cause of fraud.
This provision limits the discretion of customs officers, providing a clear boundary for documentation requests and potentially streamlining the import process for legitimate items.
GLOSSARY
AI-written
Convention on Cultural Property Implementation Act
A U.S. law that carries out an international treaty aimed at preventing the illegal import of certain archaeological and ethnological materials into the United States, protecting cultural heritage.
Numismatic material
Objects like coins, tokens, paper money, medals, and related items that are typically collected or studied for their historical, artistic, or monetary value.
State Party
A country that has signed and ratified an international treaty, in this case, the UNESCO Convention on the Means of Prohibiting and Preventing the Illicit Import, Export and Transfer of Ownership of Cultural Property.
Illicit excavations
The illegal digging up of archaeological sites or historical artifacts without permission, often resulting in the destruction of valuable historical context.
Probable cause
A reasonable belief, supported by facts or evidence, that a crime has been committed or that certain facts are true, allowing for further investigation or action.
ACTION TIMELINE
2 EVENTS
JAN 21, 25
Introduced in House
INTROREFERRAL
JAN 21, 25
Referred to the House Committee on Ways and Means.