[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2768 Introduced in House (IH)]

  1st Session
                                H. R. 2768

To require the Secretary of the Treasury to mint coins in commemoration 
                    of Chief Justice John Marshall.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 17, 2003

  Mr. Bachus (for himself, Mr. Leach, Mr. Marshall, Mr. Michaud, Mr. 
Isakson, Mr. Gingrey, Mr. Frost, Mr. Burns, Mr. Moran of Virginia, Ms. 
Majette, Mr. Davis of Florida, Mrs. Capito, Mr. Gerlach, Mrs. Wilson of 
   New Mexico, Mr. Allen, Mr. Cooper, Mr. Duncan, Mr. Culberson, Mr. 
  Cantor, Mr. Matheson, Mr. Gephardt, Mr. Terry, Mr. Wilson of South 
 Carolina, Mr. Goode, and Mr. Jenkins) introduced the following bill; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To require the Secretary of the Treasury to mint coins in commemoration 
                    of Chief Justice John Marshall.

    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 ``John Marshall Commemorative Coin 
Act''.

SEC. 2. FINDINGS.

    The Congress hereby finds as follows:
            (1) John Marshall served as the Chief Justice of the United 
        States Supreme Court from 1801 to 1835, the longest tenure of 
        any Chief Justice in the Nation's history.
            (2) John Marshall authored more than 500 opinions, 
        including virtually all of the most important cases decided by 
        the Supreme Court during his tenure.
            (3) Under his leadership, the Supreme Court of the United 
        States gave shape to the fundamental principles of the 
        Constitution, most notably the principle of judicial review.
            (4) John Marshall's service to the United States--not only 
        as a Chief Justice, but also as a soldier in the Revolutionary 
        War, as a Member of Congress, and as Secretary of State--truly 
        makes him one of the most important figures in our Nation's 
        history.

SEC. 3. COIN SPECIFICATIONS.

    (a) Denomination.--In commemoration of the 250th anniversary of the 
birth of Chief Justice John Marshall, the Secretary of the Treasury 
(hereafter in this Act referred to as the ``Secretary'') shall mint and 
issue not more than 400,000 $1 coins, each of which shall--
            (1) weigh 26.73 grams;
            (2) have a diameter of 1.500 inches; and
            (3) contain 90 percent silver and 10 percent copper.
    (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 sections 5134 and 5136 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 Chief Justice John Marshall and his 
        immeasurable contributions to the Constitution of the United 
        States and the Supreme Court of the United States.
            (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 ``2005''; 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 Supreme Court Historical 
        Society; and
            (2) reviewed by the Citizens 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, 2005.
    (d) Termination of Minting Authority.--No coins may be minted under 
this Act after December 31, 2005.

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 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.
    (d) Marketing.--The Secretary, in cooperation with the Legacy Fund 
of the Library of Congress, shall develop and implement a marketing 
program to promote and sell the coins issued under this Act both within 
the United States and internationally.

SEC. 7. SURCHARGES.

    (a) In General.--All sales of coins minted under this Act shall 
include a surcharge of $10 per coin.
    (b) Distribution.--Subject to section 5134(f) 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 Supreme Court Historical Society for the purposes of--
            (1) supporting historical research and educational programs 
        about the Supreme Court and the Constitution of the United 
        States and related topics;
            (2) supporting fellowship programs, internships, and 
        docents at the Supreme Court; and
            (3) collecting and preserving antiques, artifacts, and 
        other historical items related to the Supreme Court and the 
        Constitution of the United States and related topics.
    (c) Audits.--The Supreme Court Historical Society shall be subject 
to the audit requirements of section 5134(f)(2) of title 31, United 
States Code, with regard to the amounts received by the Society under 
subsection (b).
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