II Calendar No. 440 109th CONGRESS 2d Session S. 633 IN THE SENATE OF THE UNITED STATES March 16, 2005 Mr. Johnson (for himself, Mr. Wyden, Mrs. Lincoln, Mr. Chafee, Mr. Pryor, Mr. Lautenberg, Ms. Landrieu, Mr. Reid, Mr. Baucus, Mr. Lieberman, Mr. Dayton, Mr. Kennedy, Ms. Murkowski, Mr. Grassley, Mr. Bunning, Mr. Durbin, Mrs. Dole, Mrs. Murray, Mr. Hagel, Mr. Corzine, Mr. Harkin, Mr. Bingaman, Mr. Nelson of Florida, Mr. Enzi, Mr. Salazar, Mr. Biden, Mrs. Clinton, Mr. McCain, Mr. Lott, Mrs. Feinstein, Mr. Schumer, Mr. Crapo, Mr. Chambliss, Mrs. Boxer, Mr. Kerry, Mr. Talent, Mr. Feingold, Mr. Specter, Ms. Snowe, Mr. Thune, Mr. Alexander, Mr. Conrad, Mr. Vitter, Mr. Martinez, Mr. Bennett, Mr. DeWine, Mr. Inouye, Mr. Coleman, Mr. Isakson, Mr. Akaka, Mr. Burns, Ms. Stabenow, Mr. Nelson of Nebraska, Mr. Domenici, Mr. Santorum, Mr. Carper, Mr. Bayh, Mr. Brownback, Mr. Leahy, Mr. Thomas, Mr. Graham, Mr. Gregg, Mr. Warner, Mr. Reed, Mr. Jeffords, Ms. Mikulski, Mr. Dorgan, Mr. Obama, Mr. Roberts, and Mr. Menendez) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs May 23, 2006 Reported by Mr. Shelby, without amendment A BILL To require the Secretary of the Treasury to mint coins in commemoration of veterans who became disabled for life while serving in the Armed Forces of the United States.

1.

Short title

This Act may be cited as the American Veterans Disabled for Life Commemorative Coin Act.

2.

Findings

Congress finds that— (1)the Armed Forces of the United States have answered the call and served with distinction around the world—from hitting the beaches in World War II in the Pacific and Europe, to the cold and difficult terrain in Korea, the steamy jungles of Vietnam, and the desert sands of the Middle East; (2)all Americans should commemorate those who come home having survived the ordeal of war, and solemnly honor those who made the ultimate sacrifice in giving their lives for their country; (3)all Americans should honor the millions of living disabled veterans who carry the scars of war every day, and who have made enormous personal sacrifices defending the principles of our democracy; (4)in 2000, Congress authorized the construction of the American Veterans Disabled for Life Memorial; (5)the United States should pay tribute to the Nation’s living disabled veterans by minting and issuing a commemorative silver dollar coin; and (6)the surcharge proceeds from the sale of a commemorative coin would raise valuable funding for the construction of the American Veterans Disabled for Life Memorial.

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 in commemoration of disabled American veterans, 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.

4.

Design of coins

(a)

Design requirements

(1)

In general

The design of the coins minted under this Act shall be emblematic of the design selected by the Disabled Veterans’ LIFE Memorial Foundation for the American Veterans Disabled for Life Memorial. (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 2010; 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 Disabled Veterans’ LIFE Memorial Foundation and the Commission of Fine Arts; and (2)reviewed by the Citizens Coinage Advisory Committee.

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 under this Act only during the calendar year beginning on January 1, 2010.

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 the coins issued under this Act at a reasonable discount. (d)

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.

7.

Distribution of surcharges

(a)

In general

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 paid to the Disabled Veterans’ LIFE Memorial Foundation for the purpose of establishing an endowment to support the construction of the American Veterans’ Disabled for Life Memorial in Washington, D.C. (b)

Audits

The Comptroller General of the United States shall have the right to examine such books, records, documents, and other data of the Disabled Veterans’ LIFE Memorial Foundation as may be related to the expenditures of amounts paid under subsection (a).

8.

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.

May 23, 2006 Reported without amendment