Fitzpatrick's bill would also make it the general policy of the government to replace paper dollars with dollar coins "after $1 coins achieve sufficient market penetration such that consumers and retailers are comfortable using $1 coins and are able to obtain adequate supplies of $1 coins."
Members have proposed abolishing the paper dollar several times over the last few years. Supporters see it as a way to save money — the Government Accountability Office has said millions of dollars would be saved by doing away with the more perishable paper dollar.
But the issue has drawn opposition. In 2011, then-Massachusetts Sens. Scott Brown (R) and John Kerry (D) proposed an alternative bill meant to protect the paper dollar from the "massive overproduction" of the "unpopular $1 coin."
Supporters of the dollar coin pointed out then that Massachusetts-based Crane & Co. is the sole-source supplier of paper used to make dollar bills.
Among the co-sponsors of the last Congress's bill were Reps. Kevin Brady (R-Texas), Trent Franks (R-Ariz.), Walter Jones (R-N.C.), Greg Meeks (D-N.Y.), Pat Tiberi (R-Ohio) and Paul Tonko (D-N.Y.), all of whom are co-sponsors of Fitzpatrick's bill this year.