[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1619 Introduced in House (IH)]
110th CONGRESS
1st Session
H. R. 1619
To require the Secretary of the Treasury to mint coins in commemoration
of the Model T Ford Automobile and the 100th anniversary of the
Highland Park Plant, Michigan, the birthplace of the assembly line, and
for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 21, 2007
Mr. Conyers (for himself, Mr. Kildee, Mr. Rogers of Michigan, Ms.
Kilpatrick, Mr. McCotter, and Mr. Dingell) 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 the Model T Ford Automobile and the 100th anniversary of the
Highland Park Plant, Michigan, the birthplace of the assembly line, and
for other purposes.
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 ``Model T Ford Automobile
Commemorative Coin Act''.
SEC. 2. FINDINGS.
The Congress finds the following:
(1) More than 15,000,000 Model T Fords were produced
between October 1, 1908, and May 26, 1927.
(2) By fostering unprecedented personal mobility, the Model
T drove the transformation of the landscape, the economy, and
the social life of America.
(3) The assembly line developed for Model T production
became the characteristic mode of production in the 20th
century and made manufactured goods available in unprecedented
abundance.
(4) The vast numbers of high wage, low skill jobs needed on
assembly lines gave millions of Americans access to a middle
class life.
(5) At the height of its popularity, the Model T was
manufactured in 20 countries, on every continent except
Antarctica.
(6) In 1999 a panel of automotive experts from across the
globe chose the Model T as the ``Car of the Century'' because
of its pervasive, enduring influence.
(7) 2010 will mark the 100th anniversary of the Highland
Park Plant, the birthplace of the assembly line.
SEC. 3. COIN SPECIFICATIONS.
(a) Denomination.--In commemoration of the 100th anniversary of the
Model T Ford Automobile, 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.
(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 the Model T Ford and the assembly
line.
(2) Designation and inscriptions.--On each coin minted
under this Act there shall be--
(A) a designation of the value of the coin; and
(B) 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
(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) Commencement of Issuance.--The Secretary may issue coins minted
under this Act beginning on January 1, 2010.
(c) Termination of Minting Authority.--No coins may be minted under
this Act after December 31, 2010.
SEC. 6. SALE OF COINS.
(a) Sale Price.--Notwithstanding any other provision of law, the
coins issued under this Act shall be sold by the Secretary at a price
equal to the sum of the face value of the coins, the surcharge required
under section 7(a) for the coins, and the cost of designing and issuing
such coins (including labor, materials, dies, use of machinery,
overhead expenses, and marketing).
(b) Bulk Sales.--The Secretary shall make bulk sales of the coins
issued under this Act at a reasonable discount.
(c) Prepaid Orders at a Discount.--
(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.
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, the first $5,000,000 of the surcharges received by the
Secretary from the sale of coins issued under this Act shall be paid by
the Secretary as follows:
(1) Motor cities national heritage area.--Up to \1/2\ to
the Automobile National Heritage Area Partnership Inc. for
creating an endowment for--
(A) supporting the celebration and preservation of
the Model T story; and
(B) maintaining and expanding national Model T
educational programs.
(2) The edison institute.--Up to \1/2\ to the Edison
Institute, otherwise known as ``The Henry Ford'', in Dearborn,
Michigan, a National Historic Landmark, for creating an
endowment for maintaining and expanding displays and developing
educational programs associated with the Model T Ford
Automobile.
(c) Audits.--Each organization that receives any payment from the
Secretary under this section shall be subject to the audit requirements
of section 5134(f)(2) of title 31, United States Code.
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