President Signs H.R. 2764 into Law: New Quarters for 2009 and Relocation of ‘In God We Trust’ Motto

Today, Dec. 26, President George Bush signed into law H.R. 2764, the Consolidated Appropriations Act 2008. While the President was unhappy with portions of the bill:

"…I am disappointed in the way the Congress compiled this legislation, including abandoning the goal I set early this year to reduce the number and cost of earmarks by half. Instead, the Congress dropped into the bill nearly 9,800 earmarks that total more than $10 billion. These projects are not funded through a merit-based process and provide a vehicle for wasteful Government spending…"

other portions may delight many coin collectors. Sited within SEC. 103. Salaries and Administrative Expenses ( SEC. 622 and SEC. 623), old law is amended to:

• Create six new quarters for 2009 (District of Columbia, the Commonwealth of Puerto Rico, Guam, American Samoa, the United States Virgin Islands, and the Commonwealth of the Northern Mariana Islands)
  
  
• Move the motto, "In God We Trust", from the Presidential $1 Coin’s edge to its obverse or reverse.

For more information regarding the specific coin related sections that are now law, refer to the CoinNews article, Six New Quarters Coming, ‘In God We Trust’ Motto Moving.