[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4672 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 4672

   To authorize the President to award a gold medal on behalf of the 
   Congress to Milton Friedman in recognition of his outstanding and 
    enduring contributions to individual freedom and opportunity in 
                           American society.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 15, 2000

 Mr. Baker (for himself, Mr. Armey, Mr. Barr of Georgia, Mr. Bereuter, 
Mr. Bilbray, Mr. Brady of Texas, Mr. Blunt, Mr. Cannon, Mrs. Chenoweth-
  Hage, Mr. Cooksey, Mr. Cook, Mr. Cox, Mr. Cunningham, Mr. Davis of 
    Virginia, Mr. DeLay, Mr. DeMint, Mr. Doolittle, Mr. Dreier, Mr. 
 Ehrlich, Mr. English, Mr. Gekas, Mr. Gibbons, Mr. Green of Wisconsin, 
Mr. Hayworth, Mr. Horn, Mr. Hoyer, Mr. John, Mrs. Kelly, Mr. King, Mr. 
   Knollenberg, Mr. LaHood, Mr. Lucas of Oklahoma, Mr. McCrery, Mr. 
    McIntosh, Mr. Metcalf, Mrs. Morella, Mr. Oxley, Mr. Petri, Mr. 
   Rohrabacher, Mr. Rogan, Mr. Ryan of Wisconsin, Mr. Sessions, Mr. 
Shimkus, Mr. Stump, Mr. Tauzin, Mr. Terry, Mr. Toomey, Mr. Vitter, and 
    Mr. Weldon of Florida) introduced the following bill; which was 
      referred to the Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
   To authorize the President to award a gold medal on behalf of the 
   Congress to Milton Friedman in recognition of his outstanding and 
    enduring contributions to individual freedom and opportunity in 
                           American society.

    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 ``Milton Friedman Congressional Gold 
Medal Act''.

SEC. 2. FINDINGS.

    The Congress finds the following:
            (1) Milton Friedman, born July 31, 1912 in New York, New 
        York, is acclaimed as one of the great original thinkers of 
        this century.
            (2) Milton Friedman is a living American success story in 
        rising from poverty in an immigrant family to realize the 
        American dream.
            (3) Milton Friedman is the world's most renowned economist.
            (4) Milton Friedman was awarded the 1976 Sveriges Riksbank 
        (Bank of Sweden) Prize in Economic Sciences in Memory of Alfred 
        Nobel.
            (5) Milton Friedman is a Paul Snowden Russell Distinguished 
        Service Professor Emeritus of Economics at the University of 
        Chicago, where he taught from 1946 to 1976 and where he is 
        widely regarded as the leader of the Chicago school of monetary 
        economics.
            (6) Milton Friedman has been a senior research fellow at 
        the Hoover Institution of Stanford University since 1977 and a 
        member of the research staff of the National Bureau of Economic 
        Research from 1937 to 1981.
            (7) Milton Friedman has selflessly served his country on 
        several occasions, serving as an informal economic advisor to 
        Presidents Richard Nixon and Ronald Reagan.
            (8) Milton Friedman has been awarded honorary degrees by 
        universities in the United States, Japan, Israel, and 
        Guatemala, as well as the Grand Cordon of the First Class Order 
        of the Sacred Treasure by the Japanese Government in 1986.
            (9) Milton Friedman is known throughout the world as a 
        champion of freedom, opportunity, free markets, and capitalism.

SEC. 3. CONGRESSIONAL GOLD MEDAL.

    (a) Presentation Authorized.--The President is authorized to 
present, on behalf of the Congress, a gold medal of appropriate design 
to Milton Friedman in recognition of his outstanding and enduring 
contributions to individual freedom and opportunity in American society 
through his exhaustive research and teaching of economics and his 
extensive writings on economics and public policy.
    (b) Design and Striking.--For the purpose of the presentation 
referred to in subsection (a), the Secretary of the Treasury 
(hereinafter in this Act referred to as the ``Secretary'') shall strike 
a gold medal with suitable emblems, devices, and inscriptions, to be 
determined by the Secretary.

SEC. 4. DUPLICATE MEDALS.

    Under such regulations as the Secretary may prescribe, the 
Secretary may strike and sell duplicates in bronze of the gold medal 
struck under section 3 at a price sufficient to cover the costs of the 
bronze medals (including labor, materials, dies, use of machinery, and 
overhead expenses) and the cost of the gold medal.

SEC. 5. NATIONAL MEDALS.

    The medals struck under this Act are national medals for purposes 
of chapter 51 of title 31, United States Code.

SEC. 6. FUNDING AND PROCEEDS OF SALE.

    (a) Authorization.--There is hereby authorized to be charged 
against the United States Mint Public Enterprise Fund an amount not to 
exceed $30,000 to pay for the cost of the medals authorized by this 
Act.
    (b) Proceeds of Sale.--Amounts received from the sale of duplicate 
bronze medals under section 4 shall be deposited in the United States 
Mint Public Enterprise Fund.
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