Pro Football Hall of Fame Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue not more than 50,000 $5-gold coins, 400,000 $1-silver coins, and 750,000 half-dollar coins emblematic of the game of professional football.
Requires all sales of such coins to include specified surcharges, which shall be paid by the Secretary to the Pro Football Hall of Fame to help finance the construction of a new building and the renovation of existing Pro Football Hall of Fame facilities after the cost of designing and issuing such coins has been recovered by the Treasury.
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[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4104 Introduced in House (IH)]
112th CONGRESS
2d Session
H. R. 4104
To require the Secretary of the Treasury to mint coins in recognition
and celebration of the Pro Football Hall of Fame.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 28, 2012
Mr. Renacci introduced the following bill; which was referred to the
Committee on Financial Services
_______________________________________________________________________
A BILL
To require the Secretary of the Treasury to mint coins in recognition
and celebration of the Pro Football Hall of Fame.
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 ``Pro Football Hall of Fame
Commemorative Coin Act''.
SEC. 2. FINDINGS.
The Congress finds the following:
(1) The Pro Football Hall of Fame's mission is--
(A) to honor individuals who have made outstanding
contributions to professional football;
(B) to preserve professional football's historic
documents and artifacts;
(C) to educate the public regarding the origin,
development, and growth of professional football as an
important part of American culture; and
(D) to promote the positive values of the sport.
(2) The Pro Football Hall of Fame opened its doors on
September 7, 1963. On that day a charter class of 17 players,
coaches, and contributors were enshrined. Among the group were
such legends as Sammy Baugh, Red Grange, George Halas, Don
Hutson, Bronko Nagurski, and Jim Thorpe. Through 2012, there
are 273 members who have been elected to the Pro Football Hall
of Fame. Three distinct iconic symbols represent an
individual's membership in the Hall of Fame: a bronze bust, a
Hall of Fame gold jacket, and a Hall of Fame ring.
(3) The Pro Football Hall of Fame has welcomed nearly 9
million visitors from around the world since opening in 1963.
The museum has grown from its original 19,000-square-foot
building to an 118,000-square-foot, state-of-the-art facility
as result of expansions in 1971, 1978, 1995, and most recently
in 2011-2013. In addition, major exhibit renovations have been
completed in 2003, 2008, and 2009.
(4) The Pro Football Hall of Fame houses the world's
largest collection on professional football. Included in the
museum's vast collection are more than 20,000 three-dimensional
artifacts and more than 20 million pages of documents including
nearly 3,000,000 photographic images.
(5) The Pro Football Hall of Fame reaches a world-wide
audience of nearly 15,000,000 people annually through visitors
to the museum, participants in the annual Pro Football Hall of
Fame Enshrinement Festival, three nationally televised events,
the Hall of Fame's Web site, social media outlets, special
events across the country, and through the museum's Educational
Outreach videoconferencing programs.
SEC. 3. COIN SPECIFICATIONS.
(a) Denominations.--The Secretary of the Treasury (hereafter in
this Act referred to as the ``Secretary'') shall mint and issue the
following coins:
(1) $5 gold coins.--Not more than 50,000 $5 coins, which
shall--
(A) weigh 8.359 grams;
(B) have a diameter of 0.850 inches; and
(C) contain 90 percent gold and 10 percent alloy.
(2) $1 silver coins.--Not more than 400,000 $1 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.
(3) Half-dollar clad coins.--Not more than 750,000 half-
dollar coins which shall--
(A) weigh 11.34 grams;
(B) have a diameter of 1.205 inches; and
(C) be minted to the specifications for half-dollar
coins contained in section 5112(b) of title 31, United
States Code.
(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 section 5134 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 game of professional football.
(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 ``2016''; 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 the Pro Football Hall of Fame; 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 1 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 minted
under this Act only during the 1-year period beginning on January 1,
2016.
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(a) 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.
(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--
(1) $35 per coin for the $5 coin;
(2) $10 per coin for the $1 coin; and
(3) $5 per coin for the half-dollar coin.
(b) Distribution.--Subject to section 5134(f)(1) 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 Pro Football Hall of Fame, to help finance the
construction of a new building and renovation of existing Pro Football
Hall of Fame facilities.
(c) Audits.--The Pro Football Hall of Fame 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 (as in effect on the date of the enactment of this
Act). The Secretary of the Treasury may issue guidance to carry out
this subsection.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Domestic Monetary Policy and Technology.
Mr. Renacci moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H5616-5618)
DEBATE - The House proceeded with forty minutes of debate on H.R. 4104.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5616-5617)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5616-5617)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
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