113 S203 IS: Pro Football Hall of Fame Commemorative Coin Act U.S. Senate 2013-01-31 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
II 113th CONGRESS 1st Session S. 203 IN THE SENATE OF THE UNITED STATES January 31, 2013 Mr. Portman (for himself, Mr. Manchin, Mr. Rubio, Mr. Moran, Mr. Corker, Mr. Alexander, Mr. Isakson, and Mr. Boozman) 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 recognition and celebration of the Pro Football Hall of Fame.
1.
Short title
This Act may be cited as the Pro Football Hall of Fame Commemorative Coin Act.
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, 273 members had 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 9,000,000 visitors from around the world since opening in 1963. The museum has grown from its original 19,000-square-foot building to a 118,000-square-foot, state-of-the-art facility, as a result of expansions in 1971, 1978, 1995, and most recently in 2011–2013. In addition, major exhibit renovations were 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 20,000,000 pages of documents, including nearly 3,000,000 photographic images. (5)The Pro Football Hall of Fame reaches a worldwide 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 video conferencing programs.
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.
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.
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.
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.
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.