Theodore Roosevelt Commemorative Coin Act - (Sec. 3) Directs the Secretary of the Treasury to mint and issue $1 silver coins: (1) emblematic of the life and legacy of President Theodore Roosevelt, bearing his image as a Rough Rider on one side and an eagle design on the other side; and (2) bearing his image on horseback on one side and depicting a flaming sword of righteousness on the other side.
Expresses the sense of Congress that the coins should be struck at the U.S. Mint at West Point, New York.
(Sec. 5) Authorizes the Secretary to: (1) issue such coins beginning on January 1, 2006; and (2) initiate coin sales before such date. (2006 will mark the 100th anniversary of Roosevelt's award of the Nobel Peace Prize.)
(Sec. 7) Requires payment of $10 surcharges from the coin sales to: (1) the Theodore Roosevelt Association, to be used exclusively for educational programs at Sagamore Hill National Historic Site, including a visitor's center; and (2) the Theodore Roosevelt Medora Foundation, to be used exclusively for educational programs at and around the Theodore Roosevelt National Park, including construction of the Theodore Roosevelt Badlands Institute in the badlands of North Dakota.
Requires that: (1) 70 % of surcharges received be paid to the Theodore Roosevelt Association; and (2) 30 % of surcharges received be paid to the Theodore Roosevelt Medora Foundation.
(Sec. 8) Authorizes the Secretary to continue to issue, after December 31, 2005, numismatic items that contain 5-cent coins minted in the years 2004 and 2005.
(Sec. 9) Amends the Lewis and Clark Expedition Bicentennial Commemorative Coin Act to instruct the Secretary to distribute one-half of surcharge proceeds to the National Council of the Lewis and Clark Bicentennial, and one-half to the Missouri Historical Society.
Requires that funds that remain unexpended by the National Council of the Lewis and Clark Bicentennial or the Missouri Historical Society as of June 30, 2007, be transferred to the Lewis and Clark Trail Heritage Foundation to establish a trust for the stewardship of the Lewis and Clark National Historic Trail.
[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 863 Introduced in Senate (IS)]
109th CONGRESS
1st Session
S. 863
To require the Secretary of the Treasury to mint coins in commemoration
of the centenary of the bestowal of the Nobel Peace Prize on President
Theodore Roosevelt, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
April 20, 2005
Mr. Conrad (for himself, Mr. Allen, Mr. Alexander, Mr. Baucus, Mr.
Bingaman, Mr. Chafee, Mr. Cochran, Mr. Corzine, Mr. Craig, Mr. Dodd,
Mr. Dorgan, Mr. Durbin, Mrs. Feinstein, Mr. Hagel, Mr. Jeffords, Mr.
Kennedy, Mr. Kerry, Mr. Lautenberg, Mr. Levin, Mr. McCain, Mr. Nelson
of Florida, Mr. Nelson of Nebraska, Mr. Pryor, Mr. Rockefeller, Mr.
Salazar, Mr. Schumer, Ms. Stabenow, Mr. Stevens, and Mr. Warner)
introduced the following bill; which was read twice and referred to the
Committee on Banking, Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To require the Secretary of the Treasury to mint coins in commemoration
of the centenary of the bestowal of the Nobel Peace Prize on President
Theodore Roosevelt, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Theodore Roosevelt Commemorative
Coin Act''.
SEC. 2. FINDINGS.
Congress finds that--
(1) Theodore Roosevelt, one of America's greatest
Presidents, was born on October 27, 1858, in New York City, New
York;
(2) at the young age of 23, Theodore Roosevelt was elected
to the first of 3 terms as a representative in the New York
State Assembly (1882-1884);
(3) President William Harrison appointed Theodore Roosevelt
as the United States Civil Service Commissioner in 1889, a post
he held until 1895, serving 2 successive Presidents;
(4) from 1895 to 1897, Theodore Roosevelt served as
Commissioner of the New York City Police Department;
(5) while serving as Assistant Secretary of the Navy under
President William McKinley in 1897 and 1898, Theodore Roosevelt
organized the First United States Volunteer Cavalry Regiment,
popularly known as the ``Rough Riders'', and served as Colonel
of this regiment during the Spanish-American War;
(6) from 1898 to 1900, Theodore Roosevelt served as
Governor of New York;
(7) in 1900, upon the reelection of President McKinley,
Theodore Roosevelt was elected as the 25th Vice-President of
the United States;
(8) as the 26th President of the United States beginning in
1901, Theodore Roosevelt took a very active role in foreign
affairs, establishing the United States as a new world power,
and instituting broad reforms at home, particularly with
respect to labor, monopolies, and conservation, until the end
of his presidency in 1909;
(9) Theodore Roosevelt's commitment to conservation stemmed
from his experiences as a rancher in the badlands of North
Dakota from 1883 to 1886 and earned him the title of the
``Conservationist President'' for his efforts in establishing
51 Bird Reserves, 4 Game Preserves, 150 National Forests, 5
National Parks, and 18 National Monuments, totaling nearly
230,000,000 acres of land placed under public protection during
his presidency;
(10) on January 16, 2001, Theodore Roosevelt was
posthumously awarded the Congressional Medal of Honor for
leading a charge up the San Juan Heights in Cuba during the
Spanish-American War, shortly before the war ended, thereby
becoming the first President of the United States to be awarded
the Congressional Medal of Honor; and
(11) 2006 marks the 100th anniversary of Theodore Roosevelt
being awarded the Nobel Peace Prize, the first citizen of the
United States to receive such prize, for negotiating the 1905
peace treaty ending the Russo-Japanese War.
SEC. 3. COIN SPECIFICATIONS.
(a) Denominations.--The Secretary of the Treasury (referred to in
this Act as the ``Secretary'') shall mint and issue the following
coins:
(1) $1 silver coins with rough rider design.--Not more than
500,000 $1 coins bearing the designs specified in section
4(a)(2), each of 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) $1 silver coins with adventurer design.--Not more than
500,000 $1 coins bearing the designs specified in section
4(a)(3), each of 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.
(b) Legal Tender.--The coins minted under this Act shall be legal
tender, as provided in section 5103 of title 31, United States Code.
(c) Numismatic Items.--For purposes of sections 5134 and 5136 of
title 31, United States Code, all coins minted under this Act shall be
considered to be numismatic items.
(d) Use of the United States Mint at West Point, New York.--It is
the sense of Congress that the coins minted under this Act should be
struck at the United States Mint at West Point, New York, to the
greatest extent possible.
SEC. 4. DESIGN OF COINS.
(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
Act shall--
(A) be emblematic of the life and legacy of
President Theodore Roosevelt; and
(B) use the designs of James Earle Fraser or
Augustus Saint-Gaudens, 2 sculptors most closely
associated with the revitalization of the United States
coinage, commonly referred to as the ``Golden Age of
American Coin Design'', that was initiated by President
Theodore Roosevelt.
(2) $1 coins with rough rider design.--
(A) Obverse.--The obverse of the coins minted under
section 3(a)(1) shall bear the image of Theodore
Roosevelt as a Rough Rider that was used on the James
Earle Fraser medal of 1920.
(B) Reverse.--The reverse of the coins minted under
section 3(a)(1) shall bear the eagle design, with
motto, from the $20 gold ``double eagle'' coin produced
between 1907 and 1933 and designed by Augustus Saint-
Gaudens.
(3) $1 coins with adventurer design.--
(A) Obverse.--The obverse of the coins minted under
section 3(a)(2) shall bear the image of Theodore
Roosevelt on horseback, based on James Earle Fraser's
monumental 16-foot high bronze equestrian figure of
Roosevelt that--
(i) stands at the east front of the
American Museum of Natural History in New York
City; and
(ii) recognizes Roosevelt's lifelong
activity as a naturalist and conservationist
and emphasizes him as an adventurer,
outdoorsman, and hunter.
(B) Reverse.--The reverse of the coins minted under
section 3(a)(2) shall bear the design based on the
reverse designs by James Earle Fraser used on the
Roosevelt Memorial Association Medal of Honor and the
Association's Founders Medal that--
(i) depict the crusader's flaming sword of
righteousness and evoke the ``Big Stick''
philosophy espoused by President Roosevelt; and
(ii) to the left and right of the flaming
sword in 4 lines bear the quotation ``If I Must
Choose Between Righteousness and Peace, I
Choose Righteousness'' from Roosevelt's
historical work, ``Unwise Peace Treaties''.
(4) Designation and inscriptions.--Each coin minted under
this Act shall bear--
(A) a designation of the value of the coin;
(B) an inscription of the year ``2006''; and
(C) inscriptions of the words ``Liberty'', ``In God
We Trust'', ``United States of America'', and ``E
Pluribus Unum''.
(b) Selection.--The design for the coins minted under this Act
shall be--
(1) selected by the Secretary, after consultation with the
Commission of Fine Arts; and
(2) reviewed by the Citizens Coinage Advisory Committee
established under section 5135 of title 31, United States Code.
SEC. 5. ISSUANCE OF COINS.
(a) Quality of Coins.--Coins minted under this Act shall be issued
in uncirculated and proof qualities.
(b) Commencement of Issuance.--The Secretary may issue coins minted
under this Act beginning January 1, 2006, except that the Secretary may
initiate sales of such coins, without issuance, before such date.
(c) Termination of Minting Authority.--No coins shall be minted
under this Act after December 31, 2006.
SEC. 6. SALE OF COINS.
(a) Sale Price.--The coins minted under this Act shall be sold by
the Secretary at a price equal to the sum of--
(1) the face value of the coins;
(2) the surcharge provided under section 7(a); and
(3) the cost of designing and issuing such coins (including
labor, materials, dies, use of machinery, overhead expenses,
marketing, and shipping).
(b) Bulk Sales.--The Secretary shall make bulk sales of the coins
minted under this Act at a reasonable discount.
(c) Prepaid Orders.--
(1) In general.--The Secretary shall accept prepaid orders
for the coins minted under this Act before the issuance of such
coins.
(2) Discount.--Sale prices with respect to prepaid orders
under paragraph (1) shall be at a reasonable discount.
(d) Sales of Single Coins and Sets of Coins.--Coins of each design
specified under section 4 may be sold separately or as a set containing
a coin of each such design.
SEC. 7. SURCHARGES.
(a) Surcharge Required.--All sales of coins minted under this Act
shall include a surcharge of $10 per coin.
(b) Distribution of Surcharges.--Subject to section 5134(f) of
title 31, United States Code, and in accordance with subsection (c) of
this section, all surcharges received by the Secretary from the sale of
coins minted under this Act shall be promptly paid by the Secretary
to--
(1) the Theodore Roosevelt Association, to be used
exclusively--
(A) for educational programs at Sagamore Hill
National Historic Site, including construction and
maintenance of a visitor's center; and
(B) to the extent that funds remain available, in
the discretion of the Theodore Roosevelt Association,
for the support of other curatorial activities that
preserve and enhance collections maintained by
institutions of higher learning dedicated to the study
and memory of Theodore Roosevelt; and
(2) the Theodore Roosevelt Medora Foundation, to be used
exclusively--
(A) for educational programs at and around the
Theodore Roosevelt National Park, including
construction of the Theodore Roosevelt Badlands
Institute in the badlands of North Dakota; and
(B) to the extent that funds remain available, in
the discretion of the Theodore Roosevelt Medora
Foundation, for the support of other curatorial
activities that preserve and enhance collections
maintained by institutions of higher learning dedicated
to the study and memory of Theodore Roosevelt.
(c) Distribution of Amounts.--With respect to surcharges received
under this section--
(1) 70 percent of any such surcharges received shall be
paid to the Theodore Roosevelt Association; and
(2) 30 percent any such surcharges received shall be paid
to the Theodore Roosevelt Medora Foundation.
(d) Audits.--The Theodore Roosevelt Association and the Theodore
Roosevelt Medora Foundation shall be subject to the audit requirements
under section 5134(f)(2) of title 31, United States Code.
<all>
Introduced in Senate
Sponsor introductory remarks on measure. (CR S4034)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
Measure laid before Senate by unanimous consent. (consideration: CR S13942)
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
Passed Senate with an amendment by Unanimous Consent.
Received in the House.
Message on Senate action sent to the House.
Held at the desk.
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