TABLE OF CONTENTS:
Title I: Thomas Jefferson Commemorative Coin
Title II: U.S. Veterans Commemorative Coins
Title III: Reform of Commemorative Coin Programs
Title I: Thomas Jefferson Commemorative Coin - Jefferson Commemorative Coin Act of 1993 - Directs the Secretary of the Treasury to: (1) issue one-dollar coins emblematic of Thomas Jefferson and his home, Monticello; and (2) pay surcharges from coin sales to the Jefferson Endowment Fund and to the Corporation for Jefferson's Poplar Forest.
Title II: U.S. Veterans Commemorative Coins - United States Veterans Commemorative Coin Act of 1993 - Directs the Secretary to issue the following three types of one-dollar commemorative coins: (1) emblematic of the experience of Americans who have been prisoners of war; (2) emblematic of the Vietnam Veterans Memorial; and (3) symbolic of women's service in the armed forces.
Requires the Secretary to pay specified amounts of surcharges received from coin sales to: (1) the Secretary of the Interior for construction of the Andersonville Prisoner-of-War Museum in Andersonville, Georgia; (2) an endowment fund to be established by this Act for the maintenance of the Museum; (3) the Secretary of Veterans Affairs to maintain national cemeteries; (4) the Vietnam Veterans Memorial Fund to help raise an endowment for the Memorial's maintenance and for the addition of names; and (5) the Women in Military Service for America Memorial Foundation, Inc., to create, endow, and dedicate the Women in Military Service for America Memorial.
Title III: Reform of Commemorative Coin Programs - Declares that specified congressional committees should not report or otherwise clear legislation for consideration by the House of Representatives or the Senate that provides more than two commemorative coin programs for any year, unless the committees determine, on the basis of a recommendation by the Citizens Commemorative Coin Advisory Committee, that extraordinary merit exists for an additional commemorative coin program.
Requires: (1) recipients of commemorative coin surcharges to file quarterly and final expenditure reports with the Director of the United States Mint and the Comptroller General; and (2) the Comptroller General to report to the Congress on the payment and expenditure of any surcharges based on such reports.
[Congressional Bills 103th Congress]
[From the U.S. Government Printing Office]
[H.R. 3548 Introduced in House (IH)]
103d CONGRESS
1st Session
H. R. 3548
To require the Secretary of the Treasury to mint coins in commemoration
of the 250th anniversary of the birth of Thomas Jefferson, Americans
who have been prisoners of war, the Vietnam Veterans Memorial on the
occasion of the 10th anniversary of the Memorial, and the Women in
Military Service for America Memorial, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
November 19, 1993
Mr. Kennedy (for himself, Mr. Bonior, Mr. Montgomery, Mr. Ridge, Mr.
Payne of Virginia, and Mr. Peterson of Florida) introduced the
following bill; which was referred to the Committee on Banking, Finance
and Urban Affairs
_______________________________________________________________________
A BILL
To require the Secretary of the Treasury to mint coins in commemoration
of the 250th anniversary of the birth of Thomas Jefferson, Americans
who have been prisoners of war, the Vietnam Veterans Memorial on the
occasion of the 10th anniversary of the Memorial, and the Women in
Military Service for America Memorial, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
TITLE I--THOMAS JEFFERSON COMMEMORATIVE COIN
SEC. 101. SHORT TITLE.
This title may be cited as the ``Jefferson Commemorative Coin Act
of 1993''.
SEC. 102. COIN SPECIFICATIONS.
(a) One-Dollar Silver Coins.--
(1) Issuance.--The Secretary of the Treasury (hereafter in
this title referred to as the ``Secretary'') shall issue not
more than 600,000 one-dollar coins, which shall--
(A) weigh 26.73 grams;
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 percent
copper.
(2) Design.--The design of the coins issued under this
title shall be emblematic of a profile of Thomas Jefferson and
a frontal view of his home Monticello. On each coin there shall
be a designation of the value of the coin, an inscription of
the year ``1993'', and inscriptions of the words ``Liberty'',
``In God We Trust'', ``United States of America'', and ``E
Pluribus Unum''.
(b) Legal Tender.--The coins issued under this title shall be legal
tender, as provided in section 5103 of title 31, United States Code.
(c) Numismatic Items.--For purposes of section 5132(a)(1) of title
31, United States Code, all coins minted under this title shall be
considered to be numismatic items.
SEC. 103. SOURCES OF BULLION.
The Secretary shall obtain silver for the coins minted under this
title only from stockpiles established under the Strategic and Critical
Minerals Stock Piling Act.
SEC. 104. SELECTION OF DESIGN.
Subject to section 102(a)(2), the design for the coins authorized
by this title shall be--
(1) selected by the Secretary after consultation with the
Executive Director of the Thomas Jefferson Memorial Foundation
and the Commission of Fine Arts; and
(2) reviewed by the Citizens Commemorative Advisory
Committee.
SEC. 105. ISSUANCE OF COINS.
(a) Quality of Coins.--Coins minted under this title shall be
issued in uncirculated and proof qualities.
(b) Mint Facility.--Only 1 facility of the United States Mint may
be used to strike any particular quality of the coins minted under this
title.
(c) Period for Issuance.--The Secretary may issue coins minted
under this title during the period beginning on May 1, 1994, and ending
on April 30, 1995.
SEC. 106. SALE OF COINS.
(a) Sale Price.--The coins authorized under this title shall be
sold by the Secretary at a price equal to the sum of the face value of
the coins, the surcharge provided in subsection (c) with respect to
such coins, and the cost of designing and issuing the coins (including
labor, materials, dies, use of machinery, overhead expenses, marketing,
and shipping).
(b) Prepaid Orders.--The Secretary shall accept prepaid orders for
the coins authorized under this title prior to the issuance of such
coins. Sale prices with respect to such prepaid orders shall be at a
reasonable discount.
(c) Surcharges.--All sales shall include a surcharge of $10 per
coin.
SEC. 107. GENERAL WAIVER OF PROCUREMENT REGULATIONS.
(a) In General.--Except as provided in subsection (b), no provision
of law governing procurement or public contracts shall be applicable to
the procurement of goods and services necessary for carrying out the
provisions of this title.
(b) Equal Employment Opportunity.--Subsection (a) shall not relieve
any person entering into a contract under the authority of this title
from complying with any law relating to equal employment opportunity.
SEC. 108. DISTRIBUTION OF SURCHARGES.
All surcharges received by the Secretary from the sale of coins
issued under this title shall be promptly paid by the Secretary--
(1) in the case of surcharges received in connection with
the sale of the first 500,000 coins issued, to the Jefferson
Endowment Fund, to be used--
(A) to establish and maintain an endowment to be a
permanent source of support for Monticello and its
historic furnishings; and
(B) for the Jefferson Endowment Fund's educational
programs, including the International Center for
Jefferson Studies; and
(2) in the case of surcharges received in connection with
the sale of all other such coins, to the Corporation for
Jefferson's Poplar Forest, to be used for the restoration and
maintenance of Poplar Forest.
SEC. 109. AUDITS.
The Comptroller General of the United States shall have the right
to examine such books, records, documents, and other data of the
entities specified in section 108, as may be related to the
expenditures of amounts paid under section 108.
SEC. 110. FINANCIAL ASSURANCES.
(a) No Net Cost to the Government.--The Secretary shall take such
actions as may be necessary to ensure that minting and issuing coins
under this title will not result in any net cost to the United States
Government.
(b) Payment for Coins.--A coin shall not be issued under this title
unless the Secretary has received--
(1) full payment for the coin;
(2) security satisfactory to the Secretary to indemnify the
United States for full payment; or
(3) a guarantee of full payment satisfactory to the
Secretary from a depository institution whose deposits are
insured by the Federal Deposit Insurance Corporation or the
National Credit Union Administration Board.
TITLE II--U.S. VETERANS COMMEMORATIVE COINS
SEC. 201. SHORT TITLE.
This title may be cited as the ``United States Veterans
Commemorative Coin Act of 1993''.
SEC. 202. COIN SPECIFICATIONS.
(a) One-Dollar Silver Coins.--
(1) Issuance.--The Secretary of the Treasury (hereafter in
this title referred to as the ``Secretary'') shall issue one-
dollar coins of 3 different designs, which shall--
(A) weigh 26.73 grams;
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 percent
copper.
(2) Designation of value and inscriptions.--On each coin
there shall be a designation of the value of the coin, an
inscription of the year ``1994'', and inscriptions of the words
``Liberty'', ``In God We Trust'', ``United States of America'',
and ``E Pluribus Unum''.
(3) Design of 3 coins.--
(A) Prisoner-of-war commemorative coin.--1 type of
coin issued under this title shall be a prisoner-of-war
commemorative coin the design of which shall be
emblematic of the experience of Americans who have been
prisoners-of-war.
(B) Vietnam veterans memorial commemorative coin.--
1 type of coin issued under this title shall be a
Vietnam Veterans Memorial commemorative coin the design
of which shall be emblematic of the Vietnam Veterans
Memorial.
(C) Women in military service for america memorial
commemorative coin.--1 type of coin issued under this
title shall be Women in Military Service for America
Memorial commemorative coin the design of which shall
be symbolic of women's service in the Armed Forces of
the United States.
(4) Maximum number for coins of each design.--The Secretary
shall issue no more than 500,000 coins of each design.
(b) Legal Tender.--The coins issued under this title shall be legal
tender, as provided in section 5103 of title 31, United States Code.
(c) Numismatic Items.--For purposes of section 5132(a)(1) of title
31, United States Code, all coins minted under this title shall be
considered to be numismatic items.
SEC. 203. SOURCES OF BULLION.
The Secretary shall obtain silver for the coins minted under this
title only from stockpiles established under the Strategic and Critical
Minerals Stock Piling Act.
SEC. 2O4. SELECTION OF DESIGN.
Subject to section 202(a)(3), the design for the coins authorized
by this title shall be--
(1) selected by the Secretary after consultation with the
Commission of Fine Arts and--
(A) in the case of the coin described in section
202(a)(3)(B), the Vietnam Veterans Memorial Fund; and
(B) in the case of the coin described in section
202(a)(3)(C), the Women in Military Service for America
Memorial Foundation, Incorporated; and
(2) reviewed by the Citizens Commemorative Advisory
Committee.
SEC. 205. SALE OF COINS.
(a) Sale Price.--The coins issued under this title shall be sold by
the Secretary at a price equal to the face value, plus the cost of
designing and issuing such coins (including labor, materials, dies, use
of machinery, and overhead expenses) and the surcharge provided for in
subsection (d).
(b) Bulk Sales.--The Secretary shall make bulk sales at a
reasonable discount.
(c) Prepaid Orders.--The Secretary shall accept prepaid orders for
the coins issued under this title before the issuance of such coins.
Sales under this subsection shall be at a reasonable discount to
reflect the benefit of prepayment.
(d) Surcharges.--All sales of coins issued under this title shall
include a surcharge of $10 per coin.
SEC. 206. ISSUANCE OF THE COINS.
(a) Commencement of Issuance.--The coins minted under this title
may be issued beginning May 1, 1994.
(b) Termination of Authority.--The coins authorized under this
title may not be minted after April 30, 1995.
(c) Proof and Uncirculated Coins.--The coins authorized under this
title shall be issued in uncirculated and proof qualities.
(d) 3-Coin Sets.--
(1) In general.--In addition to any other manner and form
of sales of coins minted under this title, the Secretary shall
make a portion of such coins available for sale in 3-coin sets
containing 1 of each of the 3 designs of coins required
pursuant to section 202(a)(3).
(2) Number of sets.--The number of 3-coin sets made
available pursuant to paragraph (1) shall be at the discretion
of the Secretary.
SEC. 207. GENERAL WAIVER OF PROCUREMENT REGULATIONS.
(a) In General.--Except as provided in subsection (b), no provision
of law governing procurement or public contracts shall be applicable to
the procurement of goods and services necessary for carrying out the
provisions of this title.
(b) Equal Employment Opportunity.--Subsection (a) shall not relieve
any person entering into a contract under the authority of this title
from complying with any law relating to equal employment opportunity.
SEC. 208. DISTRIBUTION OF SURCHARGES.
(a) Prisoner-of-War Commemorative Coins.--Except as provided in
subsection (d), an amount equal to the surcharges received by the
Secretary from the sale of prisoner-of-war commemorative coins
described in section 202(a)(3)(A) shall be promptly paid by the
Secretary in the order that follows:
(1) Amounts to be made available for construction of
museum.--The Secretary of the Treasury shall make available to
the Secretary of the Interior the first $3,000,000 of such
surcharges for the construction of the Andersonville Prisoner-
of-War Museum in Andersonville, Georgia.
(2) Amounts to be paid to endowment fund.--After payment of
the amount required by paragraph (1), the Secretary of the
Treasury shall pay 50 percent of the remaining surcharges to
the endowment fund established pursuant to section 209(a).
(3) Amounts to be paid to maintain national cemeteries.--
After payment of the amount required by paragraph (1), the
Secretary shall pay 50 percent of the remaining surcharges to
the Secretary of Veterans Affairs for purposes of maintaining
national cemeteries pursuant to chapter 24 of title 38, United
States Code.
(b) Vietnam Veterans Memorial Commemorative Coins.--Except as
provided in subsection (d), an amount equal to the surcharges received
by the Secretary from the sale of Vietnam Veterans Memorial
commemorative coins described in section 202(a)(3)(B) shall be promptly
paid by the Secretary to the Vietnam Veterans Memorial Fund to assist
the Fund's efforts to raise an endowment to be a permanent source of
support for the repair, maintenance, and addition of names to the
Vietnam Veterans Memorial.
(c) Women in Military Service for America Memorial Commemorative
Coins.--Except as provided in subsection (d), an amount equal to the
surcharges received by the Secretary from the sale of Women in Military
Service for America Memorial commemorative coins described in section
202(a)(3)(C) shall be promptly paid by the Secretary to the Women in
Military Service for America Memorial Foundation, Inc., for the purpose
of creating, endowing, and dedicating the Women in Military Service for
America Memorial.
(d) Surcharges From 3-Coin Sets.--In the case of surcharges derived
from the sale of 3-coin sets pursuant to section 206(d)--
(1) \1/3\ of such amount shall be distributed as provided
in subsection (a);
(2) \1/3\ shall be distributed as provided in subsection
(b); and
(3) \1/3\ shall be distributed as provided in subsection
(c).
SEC. 209. ANDERSONVILLE PRISONER-OF-WAR MUSEUM ENDOWMENT FUND.
(a) Establishment.--There is hereby established in the Department
of the Interior an endowment fund (hereinafter in this section referred
to as the ``fund'') to be administered by the Secretary of the Interior
and to consist of the amounts deposited under subsection (b).
(b) Deposit Into Fund.--
(1) Deposit from surcharges.--There shall be deposited into
the fund such amounts that are paid by the Secretary under
section 208(a)(2).
(2) Investment.--The Secretary of the Interior shall have
the authority to invest the portion of the fund that is not, in
the determination of such Secretary, required to meet the
current needs of the fund, in obligations of the United States
or in obligations guaranteed as to the principal and interest
by the United States. In making such investments, the Secretary
of the Interior shall select obligations having maturities
suitable to the needs of the fund.
(c) Expenditures.--The Secretary of the Interior may use the
amounts deposited in the fund under this title to pay for the
maintenance of the Andersonville Prisoner-of-War Museum in
Andersonville, Georgia.
SEC. 210. AUDITS.
The Comptroller General of the United States shall have the right
to examine such books, records, documents, and other data of the
entities specified in section 208, as may be related to the
expenditures of amounts paid under section 208.
SEC. 211. FINANCIAL ASSURANCES.
(a) No Net Cost to the Government.--The Secretary shall take such
actions as may be necessary to ensure that minting and issuing coins
under this title will not result in any net cost to the United States
Government.
(b) Payment for Coins.--A coin shall not be issued under this title
unless the Secretary has received--
(1) full payment for the coin;
(2) security satisfactory to the Secretary to indemnify the
United States for full payment; or
(3) a guarantee of full payment satisfactory to the
Secretary from a depository institution whose deposits are
insured by the Federal Deposit Insurance Corporation or the
National Credit Union Administration Board.
TITLE III--REFORM OF COMMEMORATIVE COIN PROGRAMS
SEC. 301. SENSE OF CONGRESS RESOLUTION.
(A) Findings.--The Congress hereby makes the following findings:
(1) Congress has authorized 18 commemorative coin programs
in the 9 years since 1984.
(2) There are more meritorious causes, events, and people
worthy of commemoration than can be honored with commemorative
coinage.
(3) Commemorative coin legislation has increased at a pace
beyond that which the numismatic community can reasonably be
expected to absorb.
(4) It is in the interests of all Members of Congress that
a policy be established to control the flow of commemorative
coin legislation.
(b) Declaration.--It is the sense of the Congress that the
Committee on Banking, Finance and Urban Affairs of the House of
Representatives and the Committee on Banking, Housing, and Urban
Affairs of the Senate should not report or otherwise clear for
consideration by the House of Representatives or the Senate legislation
providing for more than 2 commemorative coin programs for any year,
unless the committee determines, on the basis of a recommendation by
the Citizens Commemorative Coin Advisory Committee, that extraordinary
merit exists for an additional commemorative coin program.
SEC. 302. REPORTS BY RECIPIENTS OF COMMEMORATIVE COIN SURCHARGES.
(a) Quarterly Financial Report.--
(1) In general.--Each person who receives, after the date
of the enactment of this Act, any surcharge derived from the
sale of commemorative coins under any Act of Congress shall
submit a quarterly financial report to the Director of the
United States Mint and the Comptroller General of the United
States describing in detail the expenditures made by such
person from the proceeds of the surcharge.
(2) Information to be included.--The report under paragraph
(1) shall include information on the proportion of the
surcharges received during the period covered by the report to
the total revenue of such person during such period, expressed
as a percentage, and the percentage of total revenue during
such period which was spent on administrative expenses
(including salaries, travel, overhead, and fund raising).
(3) Due dates.--Quarterly reports under this subsection
shall be due at the end of the 30-day period beginning on the
last day of any calendar quarter during which any surcharge
derived from the sale of commemorative coins is received by any
person.
(b) Final Report.--Each person who receives, after the date of the
enactment of this Act, any surcharge derived from the sale of
commemorative coins under any Act of Congress shall submit a final
report on the expenditures made by such person from the proceeds of all
surcharges received by such person, including information described in
subsection (a)(2), before the end of the 1-year period beginning on the
last day on which sales of such coins may be made.
SEC. 303. GAO REPORTS TO CONGRESS.
Before the end of the 1-year period beginning on the last day on
which sales of commemorative coins may be made under the Act of
Congress which authorized such coins, the Comptroller General of the
United States shall submit a financial accounting statement to the
Congress on the payment of any surcharges derived from the sale of such
coins and the use and expenditure of the proceeds of such surcharges by
any recipient (other than a recipient which is an agency or department
of the Federal Government) based on the reports filed by such recipient
with the Comptroller General in accordance with section 302 and any
audit of such recipient which is conducted by the Comptroller General
with respect to the use and expenditure of such proceeds.
<all>
HR 3548 IH----2
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Mr. Kennedy moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H10528-10533)
DEBATE - The House proceeded with forty minutes of debate.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (CR H10575)
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 428 - 0 (Roll no. 596).
Roll Call #596 (House)On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 428 - 0 (Roll no. 596).
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Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
Read twice and referred to the Committee on Banking.