[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2183 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2183

To require the Secretary of the Treasury to mint coins in commemoration 
   of the 50th anniversary of the signing of the World War II peace 
                     accords on September 2, 1945.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                June 14 (legislative day, June 7), 1994

  Mrs. Hutchison (for herself and Mr. Robb) 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 commemoration 
   of the 50th anniversary of the signing of the World War II peace 
                     accords on September 2, 1945.

    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 ``World War II Peace Accords 
Commemorative Coin Act''.

SEC. 2. CONGRESSIONAL FINDINGS AND SENSE OF THE CONGRESS.

    (a) Findings.--The Congress finds that--
            (1) September 2, 1995, will mark the 50th anniversary of 
        the signing of the peace accords among the nations involved in 
        World War II in the Pacific; and
            (2) September 2, 1945, marked the end of all hostilities in 
        the largest war the world has ever known, and the birth of a 
        democratic form of government in Japan.
    (b) Sense of the Congress.--It is the sense of the Congress that--
            (1) the 50th anniversary of the signing of the peace 
        accords on the U.S.S. Missouri should not go unrecognized; and
            (2) the United States should recognize such anniversary by 
        minting and issuing a commemorative coin.

SEC. 3. COIN SPECIFICATIONS.

    (a) Half Dollar Clad Coins.--The Secretary of the Treasury 
(hereafter in this Act referred to as the ``Secretary'') shall mint and 
issue not more than 500,000 half dollar coins which shall--
            (1) weigh 11.34 grams;
            (2) have a diameter of 1.205 inches; and
            (3) 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 signing of the peace accords on 
        September 2, 1945.
            (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 ``1995''; 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 
        Admiral Nimitz Foundation and the Commission of Fine Arts; and
            (2) reviewed by the Citizens Commemorative Coin 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) Commencement of Issuance.--The Secretary may issue coins minted 
under this Act beginning January 1, 1995.
    (d) Termination of Minting Authority.--No coins may be minted under 
this Act after December 31, 1995.

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 subsection (d) 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.
    (d) Surcharge.--All sales shall include a surcharge of $5.00 per 
coin.

SEC. 7. 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 Act.
    (b) Equal Employment Opportunity.--Subsection (a) shall not relieve 
any person entering into a contract under the authority of this Act 
from complying with any law relating to equal employment opportunity.

SEC. 8. DISTRIBUTION OF SURCHARGES.

    (a) In General.--All surcharges received by the Secretary from the 
sale of coins issued under this Act shall be promptly paid by the 
Secretary to the Admiral Nimitz Foundation for the purpose of 
preserving the Pacific War heritage of the United States.
    (b) Audits.--The Comptroller General of the United States shall 
have the right to examine such books, records, documents, and other 
data of the Admiral Nimitz Foundation as may be related to the 
expenditure of amounts paid under subsection (a).

SEC. 9. 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 Act will not result in any net cost to the United States 
Government.
    (b) Payment for Coins.--A coin shall not be issued under this Act 
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.

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