Political Quotes

On the recordJuly 30, 2013
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, H.R. 2754, the Collectible Coin Protection Act, is a simple bill with a simple purpose: to equip honest merchants and collectors as well as the Federal Government with the tools needed to fight a new wave of counterfeit coins and currency. In recent years, the United States Government has taken extraordinary steps to make it difficult to counterfeit U.S. currency. Think how the $20 bill and other denominations have been redesigned over the last decade. As new bills become more difficult to counterfeit, some criminals have turned to counterfeiting rare specimens of older currency, which have none of the security features that we now recognize. Others have invested in counterfeiting rare coins. Some people have gone to great lengths to create realistic fakes--using modern design software and 3-D laser printers to make extremely close replicas, and even purchasing the old equipment used by the mint to strike the original coins. As you might have guessed, most of the counterfeits are coming from China--where else? The criminals have also cleverly taken advantage of the certification system used by collectors to assure authenticity, and they've turned it on its head.…
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Michael Burgess
Republican · Texas

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