1. Short title This Act may be cited as the Currency Optimization, Innovation, and National Savings Act of 2017 . 2. Saving taxpayers money by suspending production of the penny (a) Policy of the United States It is the policy of the United States that— (1) sufficient one-cent coins have already been minted to meet demand; (2) taxpayers have been and would continue to lose money producing the one-cent coin; and (3) further production of the one-cent coin is not necessary for the next decade. (b) Temporary suspension of production of the one-Cent coin Except as provided in subsection (c) and notwithstanding any other provision of law, the Secretary of the Treasury shall cease production of any new one-cent coins for the 10-year period beginning on the date of enactment of this Act. (c) Exception (1) In general The Secretary of the Treasury shall continue to produce one-cent coins as appropriate solely to meet the needs of numismatic collectors of that denomination. (2) Sale The one-cent coins produced under paragraph (1) shall be sold in accordance with other general provisions governing collectible coins (as opposed to circulating coins). (3) Net receipts The net receipts from the sale of one-cent coins produced under this exception shall equal the total cost of production, including variable costs and the appropriate share of fix costs of production, as determined by the Secretary of the Treasury. (d) GAO study Not later than 3 years after the date of enactment of this Act, the Comptroller General of the United States shall— (1) study the effect of the suspension of production of the one-cent coin; and (2) submit to the Committee on the Budget and the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on the Budget and the Committee on Financial Services of the House of Representatives a report— (A) on whether production should remain suspended or should be reinstated; and (B) that considers— (i) the net savings to taxpayers from suspension of production