A bill to amend the Par Value Modification Act, and for other purposes.
Public Law 93-110 · H.R. 6912 · 93rd Congress · began in the House
Signed by Richard Nixon (R) on Sep 21, 1973 · Foreign Trade and International Finance
Sponsor: Rep. Henry González (D-TX-20)
Cosponsors (11): Rep. Henry Reuss, Rep. Thomas Rees,
Passage votesYeaNay
- HouseRecorded vote: 322 yea, 59 nay322–59
- SenateRecorded vote: 69 yea, 15 nay69–15
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Authorizes and directs the Secretary of the Treasury to take steps necessary to establish a new par value of the dollar of $1 equals 0.828948 Special Drawing Right or the equivalent in terms of gold, of forty-two and two-ninths dollars per fine troy ounce of gold.
Provides for the repeal of those provisions in the Gold Reserve Act relating to the titles and acquisition of gold. States that no provision of any law in effect on the date of enactment of this Act, and no rule, regulation, or order under authority of any such law, may be construed to prohibit any person from purchasing, holding, selling, or otherwise dealing with gold.
States that this Act shall take effect when the President finds and reports to the Congress that international monetary reform shall have proceeded to the point where elimination of regulations on private ownership of gold will not adversely affect the United States international monetary position.
States that the Congress finds that: (1) mobile capital can have a significant impact on the proper functioning of the international monetary system; and (2) it is important to have complete data on the nature of these capital flows, including transactions by large United States business enterprises and their foreign affiliates.
Directs the Secretary of the Treasury to require reports and foreign currency transactions that will provide such data on foreign currency for those who fail to submit such data.
Provides a civil penalty of $10,000 and authorizes the Secretary to seek injunctive relief for violations of this Act.
Who voted for it
Every House member of the 93rd Congress on the ideology compass. Highlighted: the 322 who voted yea on final passage. Faded: everyone else, including those who voted nay, did not vote, or had not yet taken office.
322 yea59 nay59 present or did not vote
Democrats who voted yea(187)
- Rep. Ronald DellumsD-CA-7
- Rep. Don EdwardsD-CA-9
- Rep. John MossD-CA-3
- Rep. Elizabeth HoltzmanD-NY-16
- Rep. Bella AbzugD-NY-20
- Rep. Phillip BurtonD-CA-5
- Rep. Louis StokesD-OH-21
- Rep. Robert EckhardtD-TX-8
- Rep. Bill ClayD-MO-1
- Rep. Robert KastenmeierD-WI-2
- Rep. Parren MitchellD-MD-7
- Rep. Gus HawkinsD-CA-21
Rep. Charlie RangelD-NY-19- Rep. Patricia SchroederD-CO-1
- Rep. Shirley ChisholmD-NY-12
- Rep. Ralph MetcalfeD-IL-1
- Rep. Andrew YoungD-GA-5
Rep. John DingellD-MI-16- Rep. Henry GonzálezD-TX-20
- Rep. William FordD-MI-15
- Rep. Benjamin RosenthalD-NY-8
- Rep. Michael HarringtonD-MA-6
- Rep. Leo RyanD-CA-11
- Rep. Yvonne BurkeD-CA-37
- Rep. Glenn AndersonD-CA-35
- Rep. Barbara JordanD-TX-18
- Rep. George BrownD-CA-38
- Rep. Cardiss CollinsD-IL-7
- Rep. Frank ThompsonD-NJ-4
- Rep. Robert NixD-PA-2
- Rep. Floyd HicksD-WA-6
- Rep. Charles WilsonD-CA-31
- Rep. James O’HaraD-MI-12
- Rep. Charles CarneyD-OH-19
- Rep. Lucien NedziD-MI-14
- Rep. John SeiberlingD-OH-14
- Rep. Bertram PodellD-NY-13
- Rep. William BarrettD-PA-1
- Rep. John DentD-PA-21
- Rep. Henry HelstoskiD-NJ-9
- Rep. Lloyd MeedsD-WA-2
- Rep. John BrademasD-IN-3
- Rep. George DanielsonD-CA-29
- Rep. Donald FraserD-MN-5
- Rep. Robert LeggettD-CA-4
- Rep. Jonathan BinghamD-NY-22
- Rep. Robert DrinanD-MA-4
- Rep. William LehmanD-FL-13
- Rep. Dante FascellD-FL-15
- Rep. Robert TiernanD-RI-2
- Rep. Brock AdamsD-WA-7
- Rep. James BurkeD-MA-11
- Rep. Joshua EilbergD-PA-4
- Rep. Henry ReussD-WI-5
- Rep. Edward KochD-NY-18
- Rep. James HowardD-NJ-3
- Rep. Joseph AddabboD-NY-7
Rep. Dave ObeyD-WI-7- Rep. Thomas ReesD-CA-26
- Rep. Chester HolifieldD-CA-19
- Rep. William BurlisonD-MO-10
- Rep. Gerry StuddsD-MA-12
- Rep. Frank DenholmD-SD-1
- Rep. John MelcherD-MT-2
- Rep. William GreenD-PA-3
- Rep. Frank BrascoD-NY-11
- Rep. Jack BrooksD-TX-9
- Rep. Leslie AspinD-WI-1
- Rep. Mike McCormackD-WA-4
- Rep. Richard HannaD-CA-34
- Rep. Sidney YatesD-IL-9
- Rep. Douglas OwensD-UT-2
- Rep. John PatmanD-TX-1
- Rep. Harold JohnsonD-CA-2
- Rep. William HungateD-MO-9
- Rep. Ray MaddenD-IN-1
- Rep. James WrightD-TX-12
- Rep. John McFallD-CA-15
- Rep. Peter RodinoD-NJ-10
- Rep. Claude PepperD-FL-14
- Rep. Fernand St. GermainD-RI-1
- Rep. Edward MezvinskyD-IA-1
- Rep. Harley StaggersD-WV-2
- Rep. Peter KyrosD-ME-1
- Rep. Frank AnnunzioD-IL-11
- Rep. Charles WilsonD-TX-2
- Rep. John MurphyD-NY-17
- Rep. Leonor SullivanD-MO-3
- Rep. Robert BerglandD-MN-7
- Rep. Joseph GaydosD-PA-20
- Rep. Charles PriceD-IL-23
- Rep. Morris UdallD-AZ-2
- Rep. Joseph KarthD-MN-4
- Rep. John KluczynskiD-IL-5
- Rep. Richard FultonD-TN-5
- Rep. Thomas MorganD-PA-22
- Rep. Hugh CareyD-NY-15
- Rep. Gillis LongD-LA-8
- Rep. William MoorheadD-PA-14
- Rep. Kenneth HechlerD-WV-4
- Rep. Mario BiaggiD-NY-10
- Rep. Richard BollingD-MO-5
- Rep. Morgan MurphyD-IL-2
- Rep. Harold DonohueD-MA-3
- Rep. Dominick DanielsD-NJ-14
- Rep. Lionel Van DeerlinD-CA-41
- Rep. Abraham KazenD-TX-23
- Rep. Joseph VigoritoD-PA-24
- Rep. Lindy BoggsD-LA-2
- Rep. Robert MollohanD-WV-1
- Rep. Torbert MacdonaldD-MA-7
- Rep. Robert JonesD-AL-5
- Rep. Daniel FloodD-PA-11
- Rep. Carl PerkinsD-KY-7
- Rep. Edward PattenD-NJ-15
- Rep. Gus YatronD-PA-6
- Rep. Robert RoeD-NJ-8
- Rep. Frank EvansD-CO-3
- Rep. Neal SmithD-IA-4
- Rep. James SymingtonD-MO-2
- Rep. John YoungD-TX-14
- Rep. Clement ZablockiD-WI-4
- Rep. Daniel RostenkowskiD-IL-8
- Rep. Frank ClarkD-PA-25
- Rep. William CotterD-CT-1
- Rep. Lester WolffD-NY-6
- Rep. John SlackD-WV-3
- Rep. Joseph MinishD-NJ-11
- Rep. William NatcherD-KY-2
- Rep. Thomas AshleyD-OH-9
- Rep. Ella GrassoD-CT-6
- Rep. Kika de la GarzaD-TX-15
- Rep. John CulverD-IA-2
- Rep. Thomas SteedD-OK-4
- Rep. Jake PickleD-TX-10
- Rep. James HanleyD-NY-32
- Rep. Jerry LittonD-MO-6
- Rep. Koln McKayD-UT-1
- Rep. Ray ThorntonD-AR-4
- Rep. Charles RoseD-NC-7
- Rep. Edward BolandD-MA-2
- Rep. John BreauxD-LA-7
- Rep. John RoushD-IN-4
- Rep. Sam GibbonsD-FL-7
- Rep. Albert UllmanD-OR-2
- Rep. Richard WhiteD-TX-16
- Rep. Bo GinnD-GA-1
- Rep. William RandallD-MO-4
- Rep. William RoyD-KS-2
- Rep. Otis PikeD-NY-1
- Rep. Thaddeus DulskiD-NY-37
- Rep. Robert StephensD-GA-10
- Rep. Lunsford PreyerD-NC-6
- Rep. Ike AndrewsD-NC-4
- Rep. Olin TeagueD-TX-6
- Rep. Lee HamiltonD-IN-9
- Rep. Robert CaseyD-TX-22
- Rep. David HendersonD-NC-3
- Rep. Romano MazzoliD-KY-3
- Rep. Walter FlowersD-AL-7
- Rep. Walter JonesD-NC-1
- Rep. Samuel StrattonD-NY-28
- Rep. Bill GunterD-FL-5
- Rep. David BowenD-MS-2
- Rep. Thomas GettysD-SC-5
- Rep. Richard IchordD-MO-8
- Rep. George MahonD-TX-19
- Rep. Phillip LandrumD-GA-9
- Rep. Herbert RobertsD-TX-4
- Rep. William ChappellD-FL-4
- Rep. Roy TaylorD-NC-11
- Rep. Jamie WhittenD-MS-1
- Rep. William PoageD-TX-11
- Rep. Robert SikesD-FL-1
- Rep. William DornD-SC-3
- Rep. Edith GreenD-OR-3
- Rep. Lawrence FountainD-NC-2
- Rep. Paul RogersD-FL-11
- Rep. Felix HébertD-LA-1
- Rep. Thomas DowningD-VA-1
- Rep. James MannD-SC-4
- Rep. Dale MilfordD-TX-24
- Rep. Joseph WaggonnerD-LA-4
- Rep. James HaleyD-FL-8
- Rep. Sonny MontgomeryD-MS-3
- Rep. Dan DanielD-VA-5
- Rep. John JarmanD-OK-5
Republicans who voted yea(134)
- Rep. Charles WhalenR-OH-3
- Rep. Margaret HecklerR-MA-10
- Rep. Gilbert GudeR-MD-8
- Rep. Robert SteeleR-CT-2
- Rep. Peter PeyserR-NY-23
- Rep. Matthew RinaldoR-NJ-12
- Rep. Edward BiesterR-PA-8
- Rep. Paul CroninR-MA-5
- Rep. Mark AndrewsR-ND
- Rep. Joseph McDadeR-PA-10
- Rep. Silvio ConteR-MA-1
- Rep. Pete McCloskeyR-CA-17
- Rep. John StantonR-OH-11
- Rep. Frank HortonR-NY-34
- Rep. Ronald SarasinR-CT-5
- Rep. Stewart McKinneyR-CT-4
- Rep. Benjamin GilmanR-NY-26
- Rep. Charles MosherR-OH-13
- Rep. William WidnallR-NJ-7
- Rep. William CohenR-ME-2
- Rep. William WalshR-NY-33
- Rep. Wendell WyattR-OR-1
- Rep. Bob MathiasR-CA-18
- Rep. Tim CarterR-KY-5
- Rep. Thomas RailsbackR-IL-19
- Rep. Marvin EschR-MI-2
- Rep. Hamilton FishR-NY-25
- Rep. Donald MitchellR-NY-31
- Rep. Henry HeinzR-PA-18
- Rep. Donald ClausenR-CA-1
- Rep. Joel PritchardR-WA-1
- Rep. Robert CoughlinR-PA-13
- Rep. Donald BrotzmanR-CO-2
- Rep. Elwood HillisR-IN-5
- Rep. Charles ThoneR-NE-1
- Rep. William MailliardR-CA-6
- Rep. John HammerschmidtR-AR-3
- Rep. Pierre du PontR-DE
- Rep. Joseph MarazitiR-NJ-13
- Rep. William HarshaR-OH-6
- Rep. James AbdnorR-SD-2
- Rep. William WamplerR-VA-9
- Rep. Garner ShriverR-KS-4
- Rep. John AndersonR-IL-16
- Rep. Norman LentR-NY-4
- Rep. Lawrence WilliamsR-PA-7
- Rep. Orval HansenR-ID-2
- Rep. Angelo RoncalloR-NY-3
- Rep. Edward MadiganR-IL-21
- Rep. Jerry PettisR-CA-33
- Rep. Vernon ThomsonR-WI-3
- Rep. Guy Vander JagtR-MI-9
- Rep. Jim JohnsonR-CO-4
- Rep. John ZwachR-MN-6
- Rep. Joe SkubitzR-KS-5
- Rep. Lawrence HoganR-MD-5
- Rep. Albert QuieR-MN-1
- Rep. James ClevelandR-NH-2
- Rep. Dick ShoupR-MT-1
- Rep. Herbert BurkeR-FL-12
Rep. Thad CochranR-MS-4- Rep. Larry WinnR-KS-3
- Rep. George WhitehurstR-VA-2
- Rep. James HastingsR-NY-39
- Rep. James BroyhillR-NC-10
- Rep. James GroverR-NY-2
- Rep. Albert JohnsonR-PA-23
- Rep. Edwin EshlemanR-PA-16
- Rep. James HarveyR-MI-8
- Rep. Philip RuppeR-MI-11
- Rep. Louis FreyR-FL-9
Rep. Ralph RegulaR-OH-16
Rep. Trent LottR-MS-5- Rep. John BuchananR-AL-6
- Rep. Samuel YoungR-IL-10
- Rep. Burt TalcottR-CA-12
- Rep. Edwin ForsytheR-NJ-6
- Rep. Jack EdwardsR-AL-1
- Rep. John DuncanR-TN-2
- Rep. Vinegar Bend MizellR-NC-5
- Rep. William BroomfieldR-MI-19
- Rep. Paul FindleyR-IL-20
- Rep. Victor VeyseyR-CA-43
- Rep. Elford CederbergR-MI-10
- Rep. Louis WymanR-NH-1
- Rep. William BrayR-IN-6
- Rep. George O’BrienR-IL-17
- Rep. Charles ChamberlainR-MI-6
- Rep. John DellenbackR-OR-4
- Rep. John McCollisterR-NE-2
- Rep. Clarence BrownR-OH-7
- Rep. Henry SmithR-NY-36
- Rep. John RhodesR-AZ-1
- Rep. William KeatingR-OH-1
- Rep. Roger ZionR-IN-8
- Rep. Richard MallaryR-VT
- Rep. William FrenzelR-MN-3
- Rep. Charles TeagueR-CA-13
- Rep. Howard RobisonR-NY-27
- Rep. William MinshallR-OH-23
- Rep. Edward DerwinskiR-IL-4
- Rep. Robert McCloryR-IL-13
- Rep. Manley ButlerR-VA-6
- Rep. Keith SebeliusR-KS-1
- Rep. Harold FroehlichR-WI-8
- Rep. Earl RuthR-NC-8
- Rep. Wiley MayneR-IA-6
- Rep. Ancher NelsenR-MN-2
- Rep. Edward YoungR-SC-6
- Rep. Jack KempR-NY-38
- Rep. Gerald FordR-MI-5
- Rep. John ErlenbornR-IL-14
- Rep. John WydlerR-NY-5
- Rep. John WareR-PA-5
- Rep. James MartinR-NC-9
- Rep. William SteigerR-WI-6
- Rep. Leslie ArendsR-IL-15
- Rep. Peter FrelinghuysenR-NJ-5
- Rep. Carlos MoorheadR-CA-20
- Rep. James RobinsonR-VA-7
- Rep. Chalmers WylieR-OH-15
- Rep. Harold CollierR-IL-6
- Rep. John CampR-OK-6
- Rep. David MartinR-NE-3
- Rep. Clarence MillerR-OH-10
- Rep. William KetchumR-CA-36
- Rep. William ArmstrongR-CO-5
- Rep. Barber ConableR-NY-35
- Rep. Walter PowellR-OH-8
- Rep. Herman SchneebeliR-PA-17
- Rep. Charles WigginsR-CA-25
- Rep. Craig HosmerR-CA-32
- Rep. Glenn DavisR-WI-9
- Rep. Bill ArcherR-TX-7
Data notes
The House’s recorded vote on the final version of the law (roll call 318 in Voteview), matched to the vote the record cites and checked against its totals. Positions are each member’s DW-NOMINATE score for that Congress, as on the Ideology page; left to right is more liberal to more conservative. Paired and announced yea votes count as yea. Lists follow the compass, most liberal first. 1 yea vote was cast by members of neither major party and is highlighted on the compass but not listed. A name links to a profile only for members of the current Congress. A law passed by voice vote or unanimous consent has no member list, and neither does a vote Voteview has not yet recorded.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 17 actions.
- Sep 21, 1973Became lawBecame law · Signed by President.
- PresidentPresident · Public law 93-110.
- Sep 10, 1973PresidentPresident · Measure presented to President.
- Sep 7, 1973Resolving differencesResolving differences · Senate agreed to conference report, roll call #383 (69-15).Senate roll call 383
- Resolving differencesResolving differences · Conference report agreed to in Senate: Senate agreed to conference report, roll call #383 (69-15).Senate roll call 383
- Sep 6, 1973Resolving differencesResolving differences · House agreed to conference report, roll call #437 (322-59).House roll call 437
- Resolving differencesResolving differences · Conference report agreed to in House: House agreed to conference report, roll call #437 (322-59).House roll call 437
- Jul 31, 1973Resolving differencesResolving differences · Conference report filed in House, H. Rept. 93-424.
- Resolving differencesResolving differences · Conference report filed: Conference report filed in House, H. Rept. 93-424.
- May 31, 1973Resolving differencesResolving differences · Conference scheduled in House.
- May 30, 1973Resolving differencesResolving differences · Conference scheduled in Senate.
- FloorFloor · Measure passed Senate, amended, (with provisions of S. 929).
- May 29, 1973FloorFloor · Motion to pass S. 929 in lieu objected to in House.
- FloorFloor · Measure passed House, roll call #163 (281-36).House roll call 163
- May 10, 1973CommitteeCommittee · Reported by House Financial Services Committee
- Apr 12, 1973CommitteeCommittee · Referred to House Financial Services Committee
- IntroducedIntroduced · Introduced in the House
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.