(This measure has not been amended since it was passed by the House on September 10, 2012. The summary of that version is repeated here.)
Lions Clubs International Century of Service Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue as legal tender up to 400,000 $1 coins in commemoration of the centennial of the founding of the Lions Clubs International. Requires the design of the coins to be emblematic of the centennial.
Permits the Secretary to issue such coins only during calendar 2017.
Requires coin sales to include a surcharge of $10 per coin, to be paid by the Secretary to the Lions Clubs International Foundation.
Subjects such Foundation to specified audit requirements with regard to the funds received from the Secretary.
[112th Congress Public Law 181]
[From the U.S. Government Publishing Office]
[[Page 1415]]
LIONS CLUBS INTERNATIONAL CENTURY OF SERVICE COMMEMORATIVE COIN ACT
[[Page 126 STAT. 1416]]
Public Law 112-181
112th Congress
An Act
To require the Secretary of the Treasury to mint coins in commemoration
of the centennial of the establishment of Lions Clubs
International. <<NOTE: Oct. 5, 2012 - [H.R. 2139]>>
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled, <<NOTE: Lions Clubs
International Century of Service Commemorative Coin Act. 31 USC 5112
note.>>
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Lions Clubs International Century of
Service Commemorative Coin Act''.
SEC. 2. FINDINGS.
The Congress finds as follows:
(1) <<NOTE: Melvin Jones.>> Lions Clubs International is the
world's largest service club organization founded in 1917 by
Chicago business leader Melvin Jones. Lions Clubs International
empowers volunteers to serve their communities, meet
humanitarian needs, encourage peace and promote international
understanding through Lions clubs.
(2) Today, Lions Clubs International has over 1.35 million
members in more than 45,000 clubs globally, extending its
mission of service throughout the world every day.
(3) In 1945, Lions Clubs International became one of the
first nongovernmental organizations invited to assist in
drafting the United Nations Charter and has enjoyed a special
relationship with the United Nations ever since.
(4) In 1968, Lions Clubs International Foundation was
established to assist with global and large-scale local
humanitarian projects and has since then awarded more than $700
million to fund five unique areas of service: preserving sight,
combating disability, promoting health, serving youth and
providing disaster relief.
(5) In 1990, the Lions Clubs International Foundation
launched the SightFirst program to build comprehensive eye care
systems to fight the major causes of blindness and care for the
blind or visually impaired. Thanks to the generosity of Lions
worldwide, over $415 million has been raised, resulting in the
prevention of serious vision loss in 30 million people and
improved eye care for hundreds of millions of people.
(6) On June 7, 2017, Lions Clubs International will
celebrate 100 years of community service to men, women, and
children in need throughout the world.
SEC. 3. COIN SPECIFICATIONS.
(a) $1 Silver Coins.--The Secretary of the Treasury (hereafter in
this Act referred to as the ``Secretary'') shall mint and issue
[[Page 126 STAT. 1417]]
not more than 400,000 $1 coins in commemoration of the centennial of the
founding of the Lions Clubs International, each of which shall--
(1) weigh 26.73 grams;
(2) have a diameter of 1.500 inches; and
(3) 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.
SEC. 4. DESIGN OF COINS.
(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
Act shall be emblematic of the centennial of the Lions Clubs
International.
(2) Designation and inscriptions.--On each coin minted under
this Act, there shall be--
(A) a designation of the value of the coin;
(B) an inscription of the year ``2017''; 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) chosen by the Secretary after consultation with Lions
Clubs International Special Centennial Planning Committee and
the Commission of Fine Arts; and
(2) reviewed by the Citizens Coinage Advisory Committee.
SEC. 5. ISSUANCE OF COINS.
(a) Quality of Coins.--Coins minted under this Act shall be issued
in uncirculated and proof qualities.
(b) Mint Facility.--Only one facility of the United States Mint may
be used to strike any particular quality of the coins minted under this
Act.
(c) Period for Issuance.--The Secretary may issue coins under this
Act only during the calendar year beginning on January 1, 2017.
SEC. 6. SALE OF COINS.
(a) Sale Price.--The coins issued 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 in section 7 with respect to such
coins; and
(3) the cost of designing and issuing the 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
issued 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.
[[Page 126 STAT. 1418]]
(2) Discount.--Sale prices with respect to prepaid orders
under paragraph (1) shall be at a reasonable discount.
SEC. 7. SURCHARGES.
(a) In General.--All sales of coins issued under this Act shall
include a surcharge of $10 per coin.
(b) Distribution.--Subject to section 5134(f) of title 31, United
States Code, all surcharges received by the Secretary from the sale of
coins issued under this Act shall be promptly paid by the Secretary to
the Lions Clubs International Foundation for the purposes of--
(1) furthering its programs for the blind and visually
impaired in the United States and abroad;
(2) investing in adaptive technologies for the disabled; and
(3) investing in youth and those affected by a major
disaster.
(c) Audits.--The Lions Clubs International Foundation shall be
subject to the audit requirements of section 5134(f)(2) of title 31,
United States Code, with regard to the amounts received under subsection
(b).
(d) Limitation.--Notwithstanding subsection (a), no surcharge may be
included with respect to the issuance under this Act of any coin during
a calendar year if, as of the time of such issuance, the issuance of
such coin would result in the number of commemorative coin programs
issued during such year to exceed the annual 2 commemorative coin
program issuance limitation under section 5112(m)(1) of title 31, United
States Code. The Secretary may issue guidance to carry out this
subsection.
SEC. 8. FINANCIAL ASSURANCES.
The Secretary shall take such actions as may be necessary to ensure
that--
(1) minting and issuing coins under this Act will not result
in any net cost to the United States Government; and
(2) no funds, including applicable surcharges, shall be
disbursed to any recipient designated in section 7 until the
total cost of designing and issuing all of the coins authorized
by this Act (including labor, materials, dies, use of machinery,
overhead expenses, marketing, and shipping) is recovered by the
United States Treasury, consistent with sections 5112(m) and
5134(f) of title 31, United States Code.
SEC. 9. BUDGET COMPLIANCE.
The budgetary effects of this Act, for the purpose of complying with
the Statutory Pay-As-You-Go Act of 2010, shall be determined by
reference to the latest statement titled ``Budgetary Effects of PAYGO
Legislation'' for this Act, submitted for printing in the Congressional
Record by the Chairman of the Committee on the
[[Page 126 STAT. 1419]]
Budget of the House of Representatives, provided that such statement has
been submitted prior to the vote on passage.
Approved October 5, 2012.
LEGISLATIVE HISTORY--H.R. 2139 (S. 1299):
---------------------------------------------------------------------------
CONGRESSIONAL RECORD, Vol. 158 (2012):
Sept. 10, considered and passed House.
Sept. 21, considered and passed Senate.
<all>
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Domestic Monetary Policy and Technology.
Mr. Dold moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H5740-5742)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2139.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H5747-5748)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 376 - 2, 1 Present (Roll no. 558).(text: CR H5740-5741)
Roll Call #558 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 376 - 2, 1 Present (Roll no. 558). (text: CR H5740-5741)
Roll Call #558 (House)Enacted as Public Law 112-181
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Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate, read twice.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR 9/21/2012 S6675)
Passed Senate without amendment by Unanimous Consent. (consideration: CR 9/21/2012 S6675)
Message on Senate action sent to the House.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 112-181.
Became Public Law No: 112-181.