[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3548 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 3548

To require the Secretary of the Treasury to mint coins in commemoration 
 of the 250th anniversary of the birth of Thomas Jefferson, Americans 
 who have been prisoners of war, the Vietnam Veterans Memorial on the 
  occasion of the 10th anniversary of the Memorial, and the Women in 
     Military Service for America Memorial, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 19, 1993

 Mr. Kennedy (for himself, Mr. Bonior, Mr. Montgomery, Mr. Ridge, Mr. 
    Payne of Virginia, and Mr. Peterson of Florida) introduced the 
following bill; which was referred to the Committee on Banking, Finance 
                           and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
To require the Secretary of the Treasury to mint coins in commemoration 
 of the 250th anniversary of the birth of Thomas Jefferson, Americans 
 who have been prisoners of war, the Vietnam Veterans Memorial on the 
  occasion of the 10th anniversary of the Memorial, and the Women in 
     Military Service for America Memorial, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

              TITLE I--THOMAS JEFFERSON COMMEMORATIVE COIN

SEC. 101. SHORT TITLE.

    This title may be cited as the ``Jefferson Commemorative Coin Act 
of 1993''.

SEC. 102. COIN SPECIFICATIONS.

    (a) One-Dollar Silver Coins.--
            (1) Issuance.--The Secretary of the Treasury (hereafter in 
        this title referred to as the ``Secretary'') shall issue not 
        more than 600,000 one-dollar 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.
            (2) Design.--The design of the coins issued under this 
        title shall be emblematic of a profile of Thomas Jefferson and 
        a frontal view of his home Monticello. On each coin there shall 
        be a designation of the value of the coin, an inscription of 
        the year ``1993'', and inscriptions of the words ``Liberty'', 
        ``In God We Trust'', ``United States of America'', and ``E 
        Pluribus Unum''.
    (b) Legal Tender.--The coins issued under this title shall be legal 
tender, as provided in section 5103 of title 31, United States Code.
    (c) Numismatic Items.--For purposes of section 5132(a)(1) of title 
31, United States Code, all coins minted under this title shall be 
considered to be numismatic items.

SEC. 103. SOURCES OF BULLION.

    The Secretary shall obtain silver for the coins minted under this 
title only from stockpiles established under the Strategic and Critical 
Minerals Stock Piling Act.

SEC. 104. SELECTION OF DESIGN.

    Subject to section 102(a)(2), the design for the coins authorized 
by this title shall be--
            (1) selected by the Secretary after consultation with the 
        Executive Director of the Thomas Jefferson Memorial Foundation 
        and the Commission of Fine Arts; and
            (2) reviewed by the Citizens Commemorative Advisory 
        Committee.

SEC. 105. ISSUANCE OF COINS.

    (a) Quality of Coins.--Coins minted under this title 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 
title.
    (c) Period for Issuance.--The Secretary may issue coins minted 
under this title during the period beginning on May 1, 1994, and ending 
on April 30, 1995.

SEC. 106. SALE OF COINS.

    (a) Sale Price.--The coins authorized under this title shall be 
sold by the Secretary at a price equal to the sum of the face value of 
the coins, the surcharge provided in subsection (c) with respect to 
such coins, and the cost of designing and issuing the coins (including 
labor, materials, dies, use of machinery, overhead expenses, marketing, 
and shipping).
    (b) Prepaid Orders.--The Secretary shall accept prepaid orders for 
the coins authorized under this title prior to the issuance of such 
coins. Sale prices with respect to such prepaid orders shall be at a 
reasonable discount.
    (c) Surcharges.--All sales shall include a surcharge of $10 per 
coin.

SEC. 107. GENERAL WAIVER OF PROCUREMENT REGULATIONS.

    (a) In General.--Except as provided in subsection (b), no provision 
of law governing procurement or public contracts shall be applicable to 
the procurement of goods and services necessary for carrying out the 
provisions of this title.
    (b) Equal Employment Opportunity.--Subsection (a) shall not relieve 
any person entering into a contract under the authority of this title 
from complying with any law relating to equal employment opportunity.

SEC. 108. DISTRIBUTION OF SURCHARGES.

    All surcharges received by the Secretary from the sale of coins 
issued under this title shall be promptly paid by the Secretary--
            (1) in the case of surcharges received in connection with 
        the sale of the first 500,000 coins issued, to the Jefferson 
        Endowment Fund, to be used--
                    (A) to establish and maintain an endowment to be a 
                permanent source of support for Monticello and its 
                historic furnishings; and
                    (B) for the Jefferson Endowment Fund's educational 
                programs, including the International Center for 
                Jefferson Studies; and
            (2) in the case of surcharges received in connection with 
        the sale of all other such coins, to the Corporation for 
        Jefferson's Poplar Forest, to be used for the restoration and 
        maintenance of Poplar Forest.

SEC. 109. AUDITS.

    The Comptroller General of the United States shall have the right 
to examine such books, records, documents, and other data of the 
entities specified in section 108, as may be related to the 
expenditures of amounts paid under section 108.

SEC. 110. FINANCIAL ASSURANCES.

    (a) No Net Cost to the Government.--The Secretary shall take such 
actions as may be necessary to ensure that minting and issuing coins 
under this title will not result in any net cost to the United States 
Government.
    (b) Payment for Coins.--A coin shall not be issued under this title 
unless the Secretary has received--
            (1) full payment for the coin;
            (2) security satisfactory to the Secretary to indemnify the 
        United States for full payment; or
            (3) a guarantee of full payment satisfactory to the 
        Secretary from a depository institution whose deposits are 
        insured by the Federal Deposit Insurance Corporation or the 
        National Credit Union Administration Board.

              TITLE II--U.S. VETERANS COMMEMORATIVE COINS

SEC. 201. SHORT TITLE.

    This title may be cited as the ``United States Veterans 
Commemorative Coin Act of 1993''.

SEC. 202. COIN SPECIFICATIONS.

    (a) One-Dollar Silver Coins.--
            (1) Issuance.--The Secretary of the Treasury (hereafter in 
        this title referred to as the ``Secretary'') shall issue one-
        dollar coins of 3 different designs, 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) Designation of value and inscriptions.--On each coin 
        there shall be a designation of the value of the coin, an 
        inscription of the year ``1994'', and inscriptions of the words 
        ``Liberty'', ``In God We Trust'', ``United States of America'', 
        and ``E Pluribus Unum''.
            (3) Design of 3 coins.--
                    (A) Prisoner-of-war commemorative coin.--1 type of 
                coin issued under this title shall be a prisoner-of-war 
                commemorative coin the design of which shall be 
                emblematic of the experience of Americans who have been 
                prisoners-of-war.
                    (B) Vietnam veterans memorial commemorative coin.--
                1 type of coin issued under this title shall be a 
                Vietnam Veterans Memorial commemorative coin the design 
                of which shall be emblematic of the Vietnam Veterans 
                Memorial.
                    (C) Women in military service for america memorial 
                commemorative coin.--1 type of coin issued under this 
                title shall be Women in Military Service for America 
                Memorial commemorative coin the design of which shall 
                be symbolic of women's service in the Armed Forces of 
                the United States.
            (4) Maximum number for coins of each design.--The Secretary 
        shall issue no more than 500,000 coins of each design.
    (b) Legal Tender.--The coins issued under this title shall be legal 
tender, as provided in section 5103 of title 31, United States Code.
    (c) Numismatic Items.--For purposes of section 5132(a)(1) of title 
31, United States Code, all coins minted under this title shall be 
considered to be numismatic items.

SEC. 203. SOURCES OF BULLION.

    The Secretary shall obtain silver for the coins minted under this 
title only from stockpiles established under the Strategic and Critical 
Minerals Stock Piling Act.

SEC. 2O4. SELECTION OF DESIGN.

    Subject to section 202(a)(3), the design for the coins authorized 
by this title shall be--
            (1) selected by the Secretary after consultation with the 
        Commission of Fine Arts and--
                    (A) in the case of the coin described in section 
                202(a)(3)(B), the Vietnam Veterans Memorial Fund; and
                    (B) in the case of the coin described in section 
                202(a)(3)(C), the Women in Military Service for America 
                Memorial Foundation, Incorporated; and
            (2) reviewed by the Citizens Commemorative Advisory 
        Committee.

SEC. 205. SALE OF COINS.

    (a) Sale Price.--The coins issued under this title shall be sold by 
the Secretary at a price equal to the face value, plus the cost of 
designing and issuing such coins (including labor, materials, dies, use 
of machinery, and overhead expenses) and the surcharge provided for in 
subsection (d).
    (b) Bulk Sales.--The Secretary shall make bulk sales at a 
reasonable discount.
    (c) Prepaid Orders.--The Secretary shall accept prepaid orders for 
the coins issued under this title before the issuance of such coins. 
Sales under this subsection shall be at a reasonable discount to 
reflect the benefit of prepayment.
    (d) Surcharges.--All sales of coins issued under this title shall 
include a surcharge of $10 per coin.

SEC. 206. ISSUANCE OF THE COINS.

    (a) Commencement of Issuance.--The coins minted under this title 
may be issued beginning May 1, 1994.
    (b) Termination of Authority.--The coins authorized under this 
title may not be minted after April 30, 1995.
    (c) Proof and Uncirculated Coins.--The coins authorized under this 
title shall be issued in uncirculated and proof qualities.
    (d) 3-Coin Sets.--
            (1) In general.--In addition to any other manner and form 
        of sales of coins minted under this title, the Secretary shall 
        make a portion of such coins available for sale in 3-coin sets 
        containing 1 of each of the 3 designs of coins required 
        pursuant to section 202(a)(3).
            (2) Number of sets.--The number of 3-coin sets made 
        available pursuant to paragraph (1) shall be at the discretion 
        of the Secretary.

SEC. 207. GENERAL WAIVER OF PROCUREMENT REGULATIONS.

    (a) In General.--Except as provided in subsection (b), no provision 
of law governing procurement or public contracts shall be applicable to 
the procurement of goods and services necessary for carrying out the 
provisions of this title.
    (b) Equal Employment Opportunity.--Subsection (a) shall not relieve 
any person entering into a contract under the authority of this title 
from complying with any law relating to equal employment opportunity.

SEC. 208. DISTRIBUTION OF SURCHARGES.

    (a) Prisoner-of-War Commemorative Coins.--Except as provided in 
subsection (d), an amount equal to the surcharges received by the 
Secretary from the sale of prisoner-of-war commemorative coins 
described in section 202(a)(3)(A) shall be promptly paid by the 
Secretary in the order that follows:
            (1) Amounts to be made available for construction of 
        museum.--The Secretary of the Treasury shall make available to 
        the Secretary of the Interior the first $3,000,000 of such 
        surcharges for the construction of the Andersonville Prisoner-
        of-War Museum in Andersonville, Georgia.
            (2) Amounts to be paid to endowment fund.--After payment of 
        the amount required by paragraph (1), the Secretary of the 
        Treasury shall pay 50 percent of the remaining surcharges to 
        the endowment fund established pursuant to section 209(a).
            (3) Amounts to be paid to maintain national cemeteries.--
        After payment of the amount required by paragraph (1), the 
        Secretary shall pay 50 percent of the remaining surcharges to 
        the Secretary of Veterans Affairs for purposes of maintaining 
        national cemeteries pursuant to chapter 24 of title 38, United 
        States Code.
    (b) Vietnam Veterans Memorial Commemorative Coins.--Except as 
provided in subsection (d), an amount equal to the surcharges received 
by the Secretary from the sale of Vietnam Veterans Memorial 
commemorative coins described in section 202(a)(3)(B) shall be promptly 
paid by the Secretary to the Vietnam Veterans Memorial Fund to assist 
the Fund's efforts to raise an endowment to be a permanent source of 
support for the repair, maintenance, and addition of names to the 
Vietnam Veterans Memorial.
    (c) Women in Military Service for America Memorial Commemorative 
Coins.--Except as provided in subsection (d), an amount equal to the 
surcharges received by the Secretary from the sale of Women in Military 
Service for America Memorial commemorative coins described in section 
202(a)(3)(C) shall be promptly paid by the Secretary to the Women in 
Military Service for America Memorial Foundation, Inc., for the purpose 
of creating, endowing, and dedicating the Women in Military Service for 
America Memorial.
    (d) Surcharges From 3-Coin Sets.--In the case of surcharges derived 
from the sale of 3-coin sets pursuant to section 206(d)--
            (1) \1/3\ of such amount shall be distributed as provided 
        in subsection (a);
            (2) \1/3\ shall be distributed as provided in subsection 
        (b); and
            (3) \1/3\ shall be distributed as provided in subsection 
        (c).

SEC. 209. ANDERSONVILLE PRISONER-OF-WAR MUSEUM ENDOWMENT FUND.

    (a) Establishment.--There is hereby established in the Department 
of the Interior an endowment fund (hereinafter in this section referred 
to as the ``fund'') to be administered by the Secretary of the Interior 
and to consist of the amounts deposited under subsection (b).
    (b) Deposit Into Fund.--
            (1) Deposit from surcharges.--There shall be deposited into 
        the fund such amounts that are paid by the Secretary under 
        section 208(a)(2).
            (2) Investment.--The Secretary of the Interior shall have 
        the authority to invest the portion of the fund that is not, in 
        the determination of such Secretary, required to meet the 
        current needs of the fund, in obligations of the United States 
        or in obligations guaranteed as to the principal and interest 
        by the United States. In making such investments, the Secretary 
        of the Interior shall select obligations having maturities 
        suitable to the needs of the fund.
    (c) Expenditures.--The Secretary of the Interior may use the 
amounts deposited in the fund under this title to pay for the 
maintenance of the Andersonville Prisoner-of-War Museum in 
Andersonville, Georgia.

SEC. 210. AUDITS.

    The Comptroller General of the United States shall have the right 
to examine such books, records, documents, and other data of the 
entities specified in section 208, as may be related to the 
expenditures of amounts paid under section 208.

SEC. 211. FINANCIAL ASSURANCES.

    (a) No Net Cost to the Government.--The Secretary shall take such 
actions as may be necessary to ensure that minting and issuing coins 
under this title will not result in any net cost to the United States 
Government.
    (b) Payment for Coins.--A coin shall not be issued under this title 
unless the Secretary has received--
            (1) full payment for the coin;
            (2) security satisfactory to the Secretary to indemnify the 
        United States for full payment; or
            (3) a guarantee of full payment satisfactory to the 
        Secretary from a depository institution whose deposits are 
        insured by the Federal Deposit Insurance Corporation or the 
        National Credit Union Administration Board.

            TITLE III--REFORM OF COMMEMORATIVE COIN PROGRAMS

SEC. 301. SENSE OF CONGRESS RESOLUTION.

    (A) Findings.--The Congress hereby makes the following findings:
            (1) Congress has authorized 18 commemorative coin programs 
        in the 9 years since 1984.
            (2) There are more meritorious causes, events, and people 
        worthy of commemoration than can be honored with commemorative 
        coinage.
            (3) Commemorative coin legislation has increased at a pace 
        beyond that which the numismatic community can reasonably be 
        expected to absorb.
            (4) It is in the interests of all Members of Congress that 
        a policy be established to control the flow of commemorative 
        coin legislation.
    (b) Declaration.--It is the sense of the Congress that the 
Committee on Banking, Finance and Urban Affairs of the House of 
Representatives and the Committee on Banking, Housing, and Urban 
Affairs of the Senate should not report or otherwise clear for 
consideration by the House of Representatives or the Senate legislation 
providing for more than 2 commemorative coin programs for any year, 
unless the committee determines, on the basis of a recommendation by 
the Citizens Commemorative Coin Advisory Committee, that extraordinary 
merit exists for an additional commemorative coin program.

SEC. 302. REPORTS BY RECIPIENTS OF COMMEMORATIVE COIN SURCHARGES.

    (a) Quarterly Financial Report.--
            (1) In general.--Each person who receives, after the date 
        of the enactment of this Act, any surcharge derived from the 
        sale of commemorative coins under any Act of Congress shall 
        submit a quarterly financial report to the Director of the 
        United States Mint and the Comptroller General of the United 
        States describing in detail the expenditures made by such 
        person from the proceeds of the surcharge.
            (2) Information to be included.--The report under paragraph 
        (1) shall include information on the proportion of the 
        surcharges received during the period covered by the report to 
        the total revenue of such person during such period, expressed 
        as a percentage, and the percentage of total revenue during 
        such period which was spent on administrative expenses 
        (including salaries, travel, overhead, and fund raising).
            (3) Due dates.--Quarterly reports under this subsection 
        shall be due at the end of the 30-day period beginning on the 
        last day of any calendar quarter during which any surcharge 
        derived from the sale of commemorative coins is received by any 
        person.
    (b) Final Report.--Each person who receives, after the date of the 
enactment of this Act, any surcharge derived from the sale of 
commemorative coins under any Act of Congress shall submit a final 
report on the expenditures made by such person from the proceeds of all 
surcharges received by such person, including information described in 
subsection (a)(2), before the end of the 1-year period beginning on the 
last day on which sales of such coins may be made.

SEC. 303. GAO REPORTS TO CONGRESS.

    Before the end of the 1-year period beginning on the last day on 
which sales of commemorative coins may be made under the Act of 
Congress which authorized such coins, the Comptroller General of the 
United States shall submit a financial accounting statement to the 
Congress on the payment of any surcharges derived from the sale of such 
coins and the use and expenditure of the proceeds of such surcharges by 
any recipient (other than a recipient which is an agency or department 
of the Federal Government) based on the reports filed by such recipient 
with the Comptroller General in accordance with section 302 and any 
audit of such recipient which is conducted by the Comptroller General 
with respect to the use and expenditure of such proceeds.

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HR 3548 IH----2