100th anniversary of the Lincoln Memorial Commemorative Coin Act
This bill directs the Department of the Treasury to mint and issue not more than 500,000 $1 coins in commemoration of the 100th anniversary of the Lincoln Memorial. All sales of coins issued under this bill shall include a surcharge which shall be paid to the Trust of the National Mall for the purpose of restoring and preserving the Lincoln Memorial.
[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6681 Introduced in House (IH)]
<DOC>
117th CONGRESS
2d Session
H. R. 6681
To require the Secretary of the Treasury to mint commemorative coins in
recognition of the 100th anniversary of the Lincoln Memorial.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 9, 2022
Mr. LaHood (for himself and Mr. Krishnamoorthi) introduced the
following bill; which was referred to the Committee on Financial
Services
_______________________________________________________________________
A BILL
To require the Secretary of the Treasury to mint commemorative coins in
recognition of the 100th anniversary of the Lincoln Memorial.
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 ``100th anniversary of the Lincoln
Memorial Commemorative Coin Act''.
SEC. 2. FINDINGS.
The Congress finds the following:
(1) The year 2022 marks the 100th anniversary of the
Lincoln Memorial on the National Mall, dedicated on May 30,
1922.
(2) The iconic Lincoln Memorial is a U.S. national memorial
built in the style of a neoclassical temple in honor of the
16th President of the United States. Designed by Henry Bacon
and sited on the western end of the National Mall across from
the Washington Monument, the memorial contains a grand seated
sculpture of Abraham Lincoln and includes inscriptions of
passages from the Gettysburg Address and Lincoln's second
inaugural address.
(3) The most visited monument on the National Mall, the
Lincoln Memorial provides visitors with a grand view of the
Mall and meaningful and inspiring way to experience President
Lincoln and his legacy. It has been the site of many important
historical events, including Martin Luther King Jr.'s ``I Have
a Dream'' speech, delivered on August 28, 1963, during the
March on Washington for Jobs and Freedom.
(4) Congress has invested significant funding to repair and
restore the Lincoln Memorial over the years. The purpose of
this Act is to build a long-term maintenance fund for future
repairs and maintenance to augment the National Park Service
budget and further protect and build upon Congress's initial
investment in the memorial.
(5) Since 2007, the Trust for the National Mall has been
the leading nonprofit nonpartisan philanthropic partner of the
National Mall and Memorial Parks division of the National Park
Service dedicated to bringing private and public resources and
public awareness to support the preservation, restoration, and
enrichment of the National Mall. The Trust will provide
management of the maintenance fund in collaboration with the
National Park Service.
(6) The Trust for the National Mall wants to honor the
contributions of Abraham Lincoln to our great Nation. The Trust
will promote and encourage support for this commemorative coin
as a way to increase public awareness and appreciation for
Lincoln's legacy and to inspire Americans to share in this
important effort to preserve the memorial for generations to
come.
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 not
more than 500,000 $1 coins in commemoration of the 100th anniversary of
the Lincoln Memorial, each of which shall--
(1) weigh 26.73 grams;
(2) have a diameter of 1.500 inches; and
(3) contain at least 90 percent silver.
(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 100th anniversary of the Lincoln
Memorial.
(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 ``2023''; 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
Trust of the National Mall; 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) Period for Issuance.--The Secretary may issue coins under this
Act only during the calendar year beginning on January 1, 2023.
SEC. 6. SALE OF COINS.
(a) Sale Price.--The coins 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) 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 $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 paid to the Trust of the National
Mall and for the purpose of restoring and preserving the Lincoln
Memorial.
(c) Audits.--The Lincoln Memorial 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 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.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line