[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3277 Placed on Calendar Senate (PCS)]
Calendar No. 643
108th CONGRESS
2d Session
H. R. 3277
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
July 19, 2004
Received; read twice and placed on the calendar
_______________________________________________________________________
AN ACT
To require the Secretary of the Treasury to mint coins in commemoration
of the 230th Anniversary of the United States Marine Corps, and to
support construction of the Marine Corps Heritage Center.
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 ``Marine Corps 230th Anniversary
Commemorative Coin Act''.
SEC. 2. FINDINGS.
The Congress finds that--
(1) November 10, 2005, marks the 230th anniversary of the
United States Marine Corps;
(2) the United States Marine Corps has, over the course of
its illustrious 230-year history, fought gallantly in defense
of the United States;
(3) the United States Marine Corps has, over the course of
its storied history, established itself as the Nation's
military leader in amphibious warfare, and will continue in
that role as the United States faces the challenges of the 21st
Century;
(4) the United States Marine Corps continues to exemplify
the warrior ethos that has made it a fighting force of
international repute;
(5) all Americans should commemorate the legacy of the
United States Marine Corps so that the values embodied in the
``Corps'' are recognized for the significant contribution they
have made in protecting the United States against its enemies;
(6) in 2001, the Congress authorized the construction of
the Marine Corps Heritage Center, the purpose of which is to
provide a multipurpose facility to be used for historical
displays for the public viewing, curation, and storage of
artifacts, research facilities, classrooms, offices, and
associated activities, consistent with the mission of the
Marine Corps;
(7) the Marine Corps Heritage Center is scheduled to open
on November 10, 2005;
(8) the United States should pay tribute to the 230th
anniversary of the United States Marine Corps by minting and
issuing a commemorative silver dollar coin; and
(9) the surcharge proceeds from the sale of a commemorative
coin, which would have no net costs to the taxpayers, would
raise valuable funding for the construction of the Marine Corps
Heritage Center.
SEC. 3. COIN SPECIFICATIONS.
(a) $1 Silver Coins.--The Secretary of the Treasury (hereafter in
this Act referred to as the ``Secretary'') shall mint and issue not
more than 500,000 $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.
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 warrior ethos of the United
States Marine Corps.
(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
Marine Corps Historical Division and the Commission of Fine
Arts; and
(2) reviewed by the Citizens Coinage 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) Period for Issuance.--The Secretary may issue coins minted
under this Act only during the 1-year period beginning on January 1,
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 subsection (b) 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) Surcharges.--All sales of coins issued under this Act shall
include a surcharge of $10 per coin.
(c) Bulk Sales.--The Secretary shall make bulk sales of coins
issued under this Act at a reasonable discount.
(d) Prepaid Orders.--
(1) In general.--The Secretary shall accept prepaid orders
for coins minted under this Act before the issuance of such
coins.
(2) Discount.--Sale prices with respect to prepaid orders
under paragraph (1) should be at a reasonable discount.
(e) Limitation.--Notwithstanding subsection (b), no surcharge may
be included with respect to the issuance under this Act of any coin
during a calendar year if, as of the time of such issuance, the
issuance of such coin would result in the number of commemorative coin
programs issued during such year to exceed the annual 2 commemorative
coin program issuance limitation under section 5112(m)(1) of title 31,
United States Code (as in effect on the date of the enactment of this
Act). The Secretary of the Treasury may issue guidance to carry out
this subsection.
SEC. 7. DISTRIBUTION OF SURCHARGES.
(a) 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 Marine Corps Heritage Foundation for the purposes of construction
of the Marine Corps Heritage Center, as authorized by section 1 of
Public Law 106-398 (114 Stat. 1654).
(b) Audit.--The Marine Corps Heritage Foundation shall be subject
to the audit requirements of section 5134(f)(2) of title 31, United
States Code, with regard to the amounts received under subsection (a).
Passed the House of Representatives July 14, 2004.
Attest:
JEFF TRANDAHL,
Clerk.
Calendar No. 643
108th CONGRESS
2d Session
H. R. 3277
_______________________________________________________________________
AN ACT
To require the Secretary of the Treasury to mint coins in commemoration
of the 230th Anniversary of the United States Marine Corps, and to
support construction of the Marine Corps Heritage Center.
_______________________________________________________________________
July 19, 2004
Received; read twice and placed on the calendar