110 HR 7152 IH: To require the Secretary of the Treasury to mint coins in U.S. House of Representatives 2008-09-26 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 110th CONGRESS 2d Session H. R. 7152 IN THE HOUSE OF REPRESENTATIVES September 26, 2008 Mr. Larson of Connecticut (for himself, Mr. Hulshof, Mr. Kuhl of New York, Ms. Lee, Mr. Shays, and Mr. Murphy of Connecticut) 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 Mark Twain.

1.

Short title

This Act may be cited as the Mark Twain Commemorative Coin Act.

2.

Findings

The Congress finds as follows: (1)Samuel Clemens—better known to the world as Mark Twain—was a unique American voice whose literary work has had a lasting effect on our Nation’s history and culture. (2)Mark Twain remains one of the best known Americans in the world with over 6,500 editions of his books translated into 75 languages. (3)Mark Twain’s literary and educational legacy remains strong even today, with nearly every book he wrote still in print, including The Adventures of Tom Sawyer and Adventures of Huckleberry Finn—both of which have never gone out of print since they were first published over a century ago. (4)In the past 2 decades alone, there have been more than 100 books published and over 250 doctoral dissertations written on Mark Twain’s life and work. (5)Even today, Americans seek to know more about the life and work of Mark Twain, as people from around the world and across all 50 States annually flock to National Historic Landmarks like the Mark Twain House & Museum in Hartford, CT and the Mark Twain Boyhood Home & Museum in Hannibal, MO. (6)Mark Twain’s work is remembered today for addressing the complex social issues facing America at the turn of the century, including the legacy of the Civil War, race relations, and the economic inequalities of the Gilded Age. (7)The year 2010 will mark both the 175th anniversary of Mark Twain’s birth and the 125th anniversary of the publication of Adventures of Huck­le­ber­ry Finn.

3.

Coin specifications

(a)

Denominations

The Secretary of the Treasury (hereafter in this Act referred to as the Secretary) shall mint and issue the following coins: (1)

$5 gold coins

Not more than 100,000 $5 coins, which shall— (A)weigh 8.359 grams; (B)have a diameter of 0.850 inches; and (C)contain 90 percent gold and 10 percent alloy. (2)

$1 silver coins

Not more than 500,000 $1 coins, which shall— (A)weigh 26.73 grams; (B)have a diameter of 1.500 inches; and (C)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 section 5134 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 life and legacy of Mark Twain. (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 Commission of Fine Arts and the Board of the Mark Twain House and Museum; 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 minted under this Act only during the 1-year period 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 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.

7.

Surcharges

(a)

In general

All sales of coins issued under this Act shall include a surcharge of— (1)$35 per coin for the $5 coin; and (2)$10 per coin for the $1 coin. (b)

Distribution

Subject to section 5134(f)(1) 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 as follows: (1)1/2 of the surcharges, to the Mark Twain House & Museum in Hartford, Connecticut, to support the continued restoration of the Mark Twain house and grounds, and ensure continuing growth and innovation in museum programming to research, promote and educate on the legacy of Mark Twain. (2)1/6 of the surcharges, to the Mark Twain Project at the Bancroft Library of the University of California, Berkeley, California, to support programs to study and promote Mark Twain’s legacy. (3)1/6 of the surcharges, to the Center for Mark Twain Studies at Elmira College, New York, to support programs to study and promote Mark Twain’s legacy. (4)1/6 of the surcharges, to the Mark Twain Boyhood Home and Museum in Hannibal, Missouri, to preserve historical sites related to Mark Twain and help support programs to study and promote his legacy. (c)

Audits

The Comptroller General of the United States shall have the right to examine such books, records, documents, and other data of each of the organizations referred to in paragraphs (1), (2), (3), and (4) of subsection (b) as may be related to the expenditures of amounts paid under such subsection.