Us Congress House Bill HB595

Us Congress 2025-2026 Regular Session

• Introduced: 1/21/25
• Refer: 1/21/25

Caption

To amend the Convention on Cultural Property Implementation Act to make certain technical corrections to facilitate the lawful trade and collecting of numismatic materials.

Impact

The proposed amendments primarily focus on import restrictions relating to numismatic materials. The bill stipulates that in order for numismatic materials to be imported, there must be satisfactory evidence that the items were acquired lawfully and are not products of illicit excavations. By setting forth a clear standard, the bill aims to reinforce legal trade while protecting cultural property, thus promoting both commerce and ethical collecting practices.

Summary

House Bill 595 seeks to amend the Convention on Cultural Property Implementation Act by introducing technical corrections aimed at enhancing the legal framework surrounding the trade and collecting of numismatic materials. The bill includes a definition of 'numismatic material' which encompasses coins, tokens, paper money, medals, and related objects, thereby providing a clearer understanding of what is covered under this category. This clarity is essential for customs officials and collectors alike to navigate the regulations governing such materials.

Contention

While the bill presents a rational approach to ensuring lawful trade, it may also incite discussions regarding the balance between protecting cultural heritage and facilitating legitimate commerce. Critics could argue that additional regulations might complicate the process for collectors and small businesses, potentially hindering trade. Furthermore, the definition of 'satisfactory evidence' may create varying interpretations among customs officials, leading to inconsistencies in its application and enforcement.

Congress_id

119-HR-595

Policy_area

Foreign Trade and International Finance

Introduced_date

2025-01-21