[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 1850 Introduced in Senate (IS)]







104th CONGRESS
  2d Session
                                S. 1850

To provide for the recognition and designation of the official society 
to administer and coordinate the United States of America activities to 
 commemorate and celebrate the achievements of the second millennium, 
  and promote even greater achievements in the millennium to come by 
 endowing an international cross-cultural scholarship fund to further 
      the development and education of the world's future leaders.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              June 6, 1996

   Mr. Stevens (for himself, Mr. Warner, Mr. Dodd, Mr. Bennett, Mrs. 
  Boxer, Mr. Breaux, Mr. Bryan, Mr. Burns, Mr. Chafee, Mr. Coats, Mr. 
   Cochran, Mr. D'Amato, Mr. Graham, Mr. Heflin, Mrs. Hutchison, Mr. 
 Jeffords, Mr. Kerry, Mr. Lieberman, Mr. Lott, Ms. Moseley-Braun, Mr. 
Murkowski, Mr. Pell, Mr. Pressler, Mr. Robb, Mr. Simon, and Ms. Snowe) 
introduced the following bill; which was read twice and referred to the 
            Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
To provide for the recognition and designation of the official society 
to administer and coordinate the United States of America activities to 
 commemorate and celebrate the achievements of the second millennium, 
  and promote even greater achievements in the millennium to come by 
 endowing an international cross-cultural scholarship fund to further 
      the development and education of the world's future leaders.

    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 ``Millennium Society Act of 1996''.

SEC. 2. DEFINITIONS.

    As used in this Act:
            (1) Society.--The term ``Society'' means The Millennium 
        Society recognized under section 103.
            (2) Millennium scholars program.--The term ``Millennium 
        Scholars Program'' means the international scholarship program 
        established, endowed, and administered by the Society as 
        described in section 105(6).

             TITLE I--RECOGNITION OF THE MILLENNIUM SOCIETY

SEC. 101. FINDINGS.

    The Congress finds that--
            (1) the advent of the third millennium on January 1, 2000, 
        provides the citizens of the United States an opportunity to 
        celebrate the achievements of civilization to date and to 
        promote even greater achievements in the millennium to come;
            (2) as this Nation approaches the third millennium, it is 
        fitting and proper that the citizens of the United States join 
        the citizens from other nations around the world in the 
        international celebration of the new millennium in a manner 
        which encourages freedom and international peace and 
        understanding;
            (3) the advent of the third millennium offers opportunity 
        to bring together young women and men of excellence from 
        throughout the world, without distinction as to race, sex, 
        language, or religion, in a manner which will foster 
        international fellowship and free and open discourse between 
        all peoples on an unofficial and nongovernmental basis; and
            (4) it is appropriate and desirable, therefore, to 
        designate the Millennium Society to coordinate activities in 
        the United States that celebrate the second millennium and the 
        achievements of civilization through the second millennium and 
        to promote even greater achievements in the third millennium, 
        to coordinate those activities with international efforts, and 
        to endow and administer a private scholarship program to 
        prepare young leaders from around the world for the future 
        millennium.

SEC. 102. PURPOSES.

    The purposes of this title are as follows:
            (1) To recognize the Millennium Society--
                    (A) to promote and coordinate activities in the 
                United States to commemorate and celebrate the 
                achievements of the second millennium;
                    (B) to coordinate these activities with 
                international efforts; and
                    (C) to administer an international scholarship 
                program to support the education of young leaders from 
                around the world to promote even greater achievements 
                in the next millennium.
            (2) To foster international fellowship and free and open 
        discourse between all peoples on an unofficial and 
        nongovernmental basis, helping to develop friendly relations 
        among nations and individuals to promote the cause of freedom 
        and peace.
            (3) To promote international understanding, tolerance, 
        freedom, peace, cooperation, and genuine friendship by bringing 
        together young women and men of excellence, leaders in the 
        arts, sciences, education, religion, communications, 
        agriculture, finance, government, business, journalism, 
        athletics, diplomacy, medicine, law, and other professions and 
        fields of endeavor, from throughout the world for charitable 
        fundraising, education, international exchange and 
        communication, and other such charitable purposes.
            (4) To sponsor educational conferences, charitable 
        fundraisers, and other charitable activities including 
        sponsorship of the World Millennium Charity Ball, an 
        international gathering of diverse young leaders from all 
        continents of the world on December 31, 1999, to celebrate the 
        dawn of the third millennium.
            (5) To provide for a Millennium Scholars Program, an 
        international cross-cultural scholarship program, for preparing 
        young leaders from around the world for even greater 
        achievements in the next millennium by furthering their 
        education, leadership abilities, cultural understanding, and 
        dedication to peace.

SEC. 103. RECOGNITION OF THE MILLENNIUM SOCIETY.

    (a) Recognition.--The following organizations are recognized as 
``The Millennium Society'':
            (1) The Millennium Society, a nonprofit corporation of the 
        United States chartered and organized under the laws of the 
        State of Illinois on November 21, 1983, and operated 
        exclusively for charitable and educational purposes within the 
        meaning of section 501(c)(3) of the Internal Revenue Code of 
        1986, including its members and directors.
            (2) Any other organization that is organized and operated 
        by the corporation referred to in paragraph (1) and is operated 
        exclusively for charitable and educational purposes within the 
        meaning of section 501(c)(3) of the Internal Revenue Code of 
        1986.
    (b) Offices.--The Society shall maintain its principal offices and 
national headquarters in such place in the United States as is 
determined by the Society, and may hold its annual and special meetings 
in such places as the Society shall determine.

SEC. 104. CONFORMANCE OF ARTICLES OF INCORPORATION AND BYLAWS.

    The board of directors of the Society shall take such actions as 
are necessary to conform the articles of incorporation and bylaws of 
the Society to the provisions of this Act.

SEC. 105. OBJECTS AND PURPOSES OF THE SOCIETY.

    The objects and purposes of the Society are recognized as being the 
following:
            (1) To establish national goals for commemoration and 
        celebration of the millennium in the United States and 
        participation by the United States in such international 
        events.
            (2) To promote and support official celebrations of the 
        millennium in the United States and to coordinate those 
        celebrations with international commemorations and celebrations 
        of the millennium.
            (3) To exercise exclusive jurisdiction, either directly or 
        through its constituent members or organs, over all matters 
        pertaining to the participation of the United States in 
        commemorations or celebrations of the millennium.
            (4) To assist organizations and persons concerned with the 
        millennium in commemorations or celebrations of the millennium.
            (5) To coordinate activities and hold forums and symposiums 
        to promote educational and cross-cultural exchange.
            (6) To establish, endow, and administer the Millennium 
        Scholars Program, an international scholarship program that 
        provides for university level exchange for exceptional young 
        women and men from all regions of the world and all pursuits 
        who have proven leadership abilities, true academic 
        superiority, and a demonstrated desire to further international 
        understanding in order to better prepare those young leaders 
        for greater achievements in the next millennium by furthering 
        their education, leadership abilities, cultural understanding, 
        and dedication to freedom and peace.

SEC. 106. POWERS OF THE SOCIETY.

    The Society has perpetual succession and the following powers:
            (1) To adopt and amend articles of incorporation and bylaws 
        for the management of its property and the regulation of its 
        affairs, not inconsistent with the laws of the United States of 
        America or any State in which the corporation is to operate.
            (2) To adopt, alter, and use a corporate seal.
            (3) To choose officers, managers, and agents as the 
        business of the Society may require.
            (4) To approve and revoke membership in the Society.
            (5) To charge and collect membership dues.
            (6) To determine the criteria for and establish subsidiary 
        organs and chapters as may be necessary to the purposes of the 
        Society.
            (7) To sue and be sued, complain, and defend in any court 
        of competent jurisdiction.
            (8) To make contracts.
            (9) To establish and maintain offices for the conduct of 
        the affairs of the Society.
            (10) To acquire, hold, and dispose of real and personal 
        property as may be necessary for the purposes of the Society.
            (11) To accept gifts, legacies, and devises in furtherance 
        of its Society purposes.
            (12) To borrow money to carry out the purposes of the 
        Society, including to issue notes, bonds, or other evidences of 
        indebtedness, and to secure the same by mortgage, subject in 
        each case to the laws of the United States or of any State.
            (13) To provide financial assistance to any organization or 
        association, other than a corporation organized for profit, in 
        furtherance of the purposes of the Society.
            (14) To conduct campaigns for raising funds and to accept 
        contributions from individuals, corporations, and other bodies, 
        foundations, and organizations.
            (15) To print, create, and distribute commemorative coins 
        and medals, edit and publish, make, display, and sell books and 
        magazines, pictures, slides, compact discs, videos, cinemas and 
        other commemorative items, as may be necessary or desirable for 
        the accomplishment of the purposes of the Society.
            (16) To buy, sell, and generally deal in appropriate and 
        related souvenirs, commemorative coins, medals, curios, 
        mementos, and publications.
            (17) To publish a newsletter, magazine, book, or other 
        publication and exclusively produce and broadcast on radio, 
        television, film and other media consistent with Society 
        purposes.
            (18) To participate in the production of an international 
        celebration and sanction related events within the United 
        States of America.
            (19) To do any and all acts and things necessary and proper 
        to carry out the purposes of the Society.

SEC. 107. NONPOLITICAL NATURE OF SOCIETY.

    The Society shall be nonpolitical and nonpartisan and, as an 
organization, shall not promote the candidacy of any person seeking 
public office.

SEC. 108. MEMBERSHIP.

    Eligibility for membership in the Society and the rights and 
privileges of members shall, except as provided in this chapter, be 
determined as the articles of incorporation and bylaws of the Society 
may provide.

SEC. 109. ACTIVE BOARD OF DIRECTORS.

    (a) Composition and Chairman.--The control and management of the 
affairs and funds of the Society shall be vested in a board of 
directors as provided in the articles of incorporation of the Society.
    (b) Terms.--The term of each of the members of the board of 
directors shall be as provided in the articles of incorporation or 
bylaws of the society. The Board shall elect a permanent board of 
directors on or before January 1, 2001, to administer the Millennium 
Scholars Program.
    (c) Meetings.--The board of directors shall meet not less than 
twice annually, and at such other times as may be determined in the 
manner provided in the articles of incorporation or bylaws of the 
Society. No meeting of the board of directors may be held except at a 
time and place stated in the bylaws or in a written notice that is 
transmitted to each member at the time and in the manner provided in 
the bylaws.
    (d) Election and Removal.--Directors of the Society shall be 
elected at the times and in the manner provided by the articles of 
incorporation and bylaws of the Society and may be removed from office 
in the manner provided by the articles of incorporation and bylaws.

SEC. 110. OFFICERS OF THE SOCIETY.

    (a) Authorized Positions.--The officers of the Society shall be 
those provided in the articles of incorporation and bylaws of the 
Society. The board of directors may modify the composition of the 
offices of the Society as the board considers appropriate.
    (b) Privileges.--Subject to the provisions of this Act and the 
articles of incorporation and bylaws of the Society, the privileges of 
the Society's officers shall be those prescribed by the board of 
directors of the Society.
    (c) Compensation.--Officers may receive compensation or other 
remuneration for their services as determined by the board of 
directors. An officer may be reimbursed, with the approval of the board 
of directors, for expenses that the officer incurs in the performance 
of the duties of the office.
    (d) Election and Term of Office.--Officers of the Society shall be 
elected annually by action of the board of directors and shall continue 
in office at the pleasure of the board.
    (e) Duties.--The duties of the officers of the Society shall be 
such as usually pertain to the offices they hold and shall also include 
such additional duties as may be delegated by the board of directors.
    (f) Executive Director and Other Personnel.--The board of directors 
may employ an executive director and such other paid employees as may 
be necessary to assist the officers and the board and to carry out the 
programs and business of the Society. The executive director and the 
other employees shall serve at the pleasure of the board of directors. 
The board of directors shall fix the compensation and prescribe the 
duties of the executive director and such other paid employees.

SEC. 111. PROHIBITION ON DISTRIBUTIONS OF INCOME OR ASSETS AND ON LOANS 
              TO MEMBERS.

    (a) Income and Assets.--Except as provided in subsections (c) and 
(f) of section 110, no part of the income or assets of the Society 
shall inure to any of its members, directors, officers, or employees, 
or be distributable to any of them during the life of the Society or 
upon its dissolution or final liquidation.
    (b) Loans.--The Society may not make loans to officers, directors, 
or employees. Any director who votes for or assents to the making of a 
loan or advance to an officer, director, or employee of the Society, 
and any officer who participates in the making of such loan or advance 
shall be jointly and severally liable to the Society for the amount of 
such loan or advance until the repayment thereof.

SEC. 112. LIABILITY FOR ACTS OF OFFICERS AND AGENTS.

    The Society shall be liable for the acts of its officers and agents 
when acting within the scope of their authority.

SEC. 113. PROHIBITION AGAINST ISSUANCE OF STOCK OR PAYMENT OF 
              DIVIDENDS.

    The Society shall have no power to issue capital stock or to 
declare or pay any dividends.

SEC. 114. SYMBOLS, EMBLEMS, TRADEMARKS, AND NAMES.

    (a) Exclusive Right.--
            (1) In general.--Subject to the preexisting rights 
        described in subsection (b), the Society shall have the sole 
        and exclusive right to use the name ``The Millennium Society'' 
        and to have and use in carrying out its purpose trademarks, 
        symbols, insignia, emblems, seals, descriptive or designating 
        marks, and slogans as may be required in the furtherance of its 
        functions, including ``Countdown 2000'', ``How to do something 
        great for civilization and have a ball doing it'', ``Millennium 
        Scholars Program'', ``Millennium Scholar'', ``Millennium 
        Scholars'', ``Dollars for Scholars'', and ``Millennium Minute'' 
        and other such proprietary items as may be identified.
            (2) Authorized use by others.--The Society may authorize 
        contributors and suppliers of goods or services to use the 
        trade name of the Society as well as any trademarks, symbols, 
        insignia, emblems, seals, descriptive or designating marks, and 
        slogans of the Society in advertising that the contributions, 
        goods, or services were donated, supplied, or furnished to or 
        for the use of, approved, selected, or used by the Society.
    (b) Unauthorized Use.--
            (1) Remedies.--Except as provided in paragraph (2), any 
        person who, without the consent of the Society, uses for the 
        purpose of trade, to induce the sale of any goods or services, 
        or to promote any theatrical exhibition, performance, or 
        competition any trademark, symbol, insignia, emblem, seal, 
        descriptive or designating mark, or slogan described in 
        subsection (a)(1) shall be subject to suit in a civil action by 
        the Society for the remedies provided in the Act of July 5, 
        1946 (60 Stat. 427; 15 U.S.C. 1051 et seq.; popularly known as 
        the Trademark Act of 1946).
            (2) Exceptions.--Any person who actually used the 
        trademark, symbol, insignia, emblem, seal, descriptive or 
        designating mark, or slogan described in subsection (a)(1) for 
        any lawful purpose before the date of the enactment of this Act 
        is not prohibited by this section from continuing such lawful 
        use for the same purpose and for the same goods or services. In 
        addition, any person who used, or whose assignor used, any 
        other trademark, symbol, insignia, emblem, seal, descriptive or 
        designating mark, or slogan described in subsection (a)(1) for 
        any lawful purpose prior to such date is not prohibited by this 
        section from continuing such lawful use for the same purpose 
        and for the same goods and services.

SEC. 115. AGENTS FOR SERVICE OF PROCESS.

    As a condition precedent to the exercise of any power or privilege 
granted or conferred under this title, the Society shall file in the 
office of the Secretary of State, or similar office, in each State the 
name and post office address of an authorized agent of the Society in 
such State upon whom local process or demands against the Society may 
be served.

SEC. 116. BOOKS AND RECORDS.

    The Society shall keep correct and complete books and records of 
account and shall keep minutes of the proceedings of its members, board 
of directors, and committees having any authority under the board of 
directors, and it shall also keep at its principal office a record of 
the names and addresses of its members entitled to vote. All books and 
records of the corporation may be inspected by any member entitled to 
vote, or the agent or attorney of such member, for any proper purpose, 
at any reasonable time.

SEC. 117. AUDIT OF FINANCIAL ACCOUNTABILITY.

    Section 1 of the Act entitled ``An Act to provide for audit of 
accounts of private corporations established under Federal law,'' 
approved August 30, 1964 (36 U.S.C. 1101) is amended by adding at the 
end the following:
            ``(77) The Millennium Society.''.

SEC. 118. USE OF ASSETS UPON DISSOLUTION OR LIQUIDATION.

    Upon dissolution or final liquidation of the Society, after 
discharge or satisfaction of all outstanding obligations and 
liabilities, any remaining assets of the Society shall be distributed 
in accordance with the determination of the board of directors of the 
Society and in compliance with the articles of incorporation and bylaws 
of the Society and all Federal and State laws applicable thereto.

SEC. 119. RESERVATION OF RIGHT TO AMEND OR REPEAL CHAPTER.

    The right to alter, amend, or repeal this title at any time is 
hereby expressly reserved.

SEC. 120. REPORTS TO PRESIDENT AND CONGRESS ON OPERATIONS.

    The Society shall, on or before June 1 of each year, transmit 
simultaneously to the President and to each House of Congress a 
detailed report of its operations for the preceding calendar year. The 
report shall include a complete statement of its receipts and 
expenditures and a comprehensive description of the activities and 
accomplishments of the Society during the preceding year. Copies of the 
report shall be made available by the Society to interested persons at 
a reasonable cost.

                     TITLE II--COMMEMORATIVE COINS

SEC. 201. COIN SPECIFICATIONS.

    (a) Denominations.--In commemoration of the end of the second 
millennium and the advent of the third millennium, 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 100,000 $5 coins, each of 
        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 650,000 $1 coins, each 
        of 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.
    (b) Platinum Coins.--In addition to the coins minted and issued 
under subsection (a), if the Secretary determines such action to be 
appropriate, the Secretary may mint and issue not more than 100,000 $5 
coins, each of which shall--
            (1) contain platinum in an amount prescribed by the 
        Secretary; and
            (2) meet such other specifications as the Secretary shall 
        prescribe.
    (c) Legal Tender.--The coins minted under this Act shall be legal 
tender, as provided in section 5103 of title 31, United States Code.
    (d) 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. 202. SOURCES OF BULLION.

    (a) Gold.--The Secretary shall obtain gold for minting coins under 
this Act pursuant to the authority of the Secretary under other 
provisions of law.
    (b) Silver.--The Secretary shall obtain silver for minting coins 
under this Act only from stockpiles established under the Strategic and 
Critical Materials Stock Piling Act.

SEC. 203. DESIGN OF COINS.

    (a) Design Requirements.--
            (1) In general.--The design of the coins minted under this 
        Act shall be emblematic of the events of the second millennium 
        and the advent of the third millennium.
            (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 dates ``December 31, 
                1999'' and ``January 1, 2000'';
                    (C) inscriptions of the words ``The Second 
                Millennium'', ``Freedom, Understanding, Peace'', 
                ``United States of America'' and ``Commemoration of the 
                Past-Celebration of the Future''; and
                    (D) such other inscriptions as the Secretary shall 
                prescribe after consultation with the Society.
    (b) Selection.--The design for the coins minted under this Act 
shall be--
            (1) selected by the Secretary after consultation with the 
        board of directors of the Society and the Commission of Fine 
        Arts; and
            (2) reviewed by the Citizens Commemorative Coin Advisory 
        Committee.

SEC. 204. 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 combination of denomination and 
quality of the coins minted under this Act.
    (c) Period for Issuance.--The Secretary may issue coins minted 
under this Act only during the period beginning on July 1, 1999, and 
ending on January 1, 2001.

SEC. 205. 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) Surcharges.--All sales shall include a surcharge of--
            (1) $35 per coin for the $5 coin; and
            (2) $10 per coin for the $1 coin.

SEC. 206. 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. 207. 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 Society, to be used only for the purpose of supporting 
the Millennium Scholars Program.
    (b) Audits.--The Comptroller General of the United States shall 
have the right to examine such books, records, documents, and other 
data of the Society as may be related to the expenditures of amounts 
paid under subsection (a).
    (c) Conditions on Payment of Surcharges.--
            (1) Payment of surcharges.--Notwithstanding any other 
        provision of law, no payment shall be paid to the Society under 
        this section unless--
                    (A) all numismatic operation and program costs 
                allocable to the program under which the coins are 
                produced and sold have been recovered; and
                    (B) the Society submits an audited financial 
                statement which demonstrates to the satisfaction of the 
                Secretary that, with respect to the purpose described 
                in subsection (a), the Society has raised funds from 
                private sources for that purpose in an amount that is 
                equal to or greater than the maximum amount that the 
                Society may receive under this section.
            (2) Annual audits.--
                    (A) Annual audits of recipients required.--As a 
                condition for receiving any payment under this section, 
                the Society shall provide for an annual audit, 
                conducted in accordance with generally accepted 
                government auditing standards by an independent public 
                accountant selected by the Society, of all payments 
                made to the Society under this section beginning in the 
                first fiscal year of the Society in which any such 
                payment is received and continuing until all payments 
                received by the Society under this section are fully 
                expended or placed in trust.
                    (B) Minimum requirements for annual audits.--At a 
                minimum, each audit pursuant to subparagraph (A) shall 
                report--
                            (i) the amount of payments received by the 
                        Society under this section during the fiscal 
                        year of the Society for which the audit is 
                        conducted;
                            (ii) the amount expended by the Society 
                        from the proceeds of such surcharges during the 
                        fiscal year of the Society for which the audit 
                        is conducted; and
                            (iii) whether all expenditures by the 
                        Society during the fiscal year of the Society 
                        for which the audit is conducted from the 
                        proceeds of such surcharges were for the 
                        purpose described in subsection (a).
                    (C) Responsibility to account for expenditures of 
                surcharges.--As a condition of receiving any payment 
                under this section, the Society shall take appropriate 
                steps to ensure that the receipt of the payment and the 
                expenditure of the proceeds of the surcharge by the 
                Society in each fiscal year of the Society can be 
                accounted for separately from all other revenues and 
                expenditures of the Society.

SEC. 208. 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.

                TITLE III--COMMEMORATIVE POSTAGE STAMPS

SEC. 301. SENSE OF THE CONGRESS.

    It is the sense of the Congress that the United States Postal 
Service should cooperate with the Secretary and the Society--
            (1) in the issuance of appropriate first day of issuance 
        postage stamps commemorating the end of the second millennium 
        and the advent of the third millennium; and
            (2) in the production of a philatelic numismatic 
        combination as a unique item to be made available to the public 
        to commemorate the end of the second millennium and the advent 
        of the third millennium.
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