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<bill bill-stage="Introduced-in-Senate" public-private="public">
	<form>
		<distribution-code display="yes">II</distribution-code>
		<congress>110th CONGRESS</congress>
		<session>2d Session</session>
		<legis-num>S. 3214</legis-num>
		<current-chamber>IN THE SENATE OF THE UNITED STATES</current-chamber>
		<action>
			<action-date date="20080626">June 26, 2008</action-date>
			<action-desc><sponsor name-id="S317">Mr. Barrasso</sponsor> introduced
			 the following bill; which was read twice and referred to the
			 <committee-name committee-id="SSBK00">Committee on Banking, Housing, and Urban
			 Affairs</committee-name></action-desc>
		</action>
		<legis-type>A BILL</legis-type>
		<official-title>To provide for a program for circulating quarter dollar
		  coins that are emblematic of a national park or other national site in each
		  State, the District of Columbia, and each territory of the United States, and
		  for other purposes.</official-title>
	</form>
	<legis-body>
		<section id="H083966B635634E1E87CB687C862D46DE" section-type="section-one"><enum>1.</enum><header>Short title</header><text display-inline="no-display-inline">This Act may be cited as the
			 <quote><short-title>America’s Beautiful National Parks
			 Quarter Dollar Coin Act of 2008</short-title></quote>.</text>
		</section><title id="H9D5A33E22A5E4D149EC6B3A4D5171E6"><enum>I</enum><header>National site
			 quarter dollars</header>
			<section id="HD0673EA150EE4FE1AC8C95DEBEAF054F"><enum>101.</enum><header>Issuance of
			 redesigned quarter dollars emblematic of national parks or other national sites
			 in each State, the District of Columbia, and each territory</header><text display-inline="no-display-inline">Section 5112 of title 31, United States
			 Code, is amended—</text>
				<paragraph id="id003205B9234740D3A53DD287E9A7299E"><enum>(1)</enum><text>by redesignating
			 subsection (r) (as added by section 622 of the Financial Services and General
			 Government Appropriations Act, 2008 (Public Law 110–161; 121 Stat. 2016)) as
			 subsection (s); and</text>
				</paragraph><paragraph id="id636E7429DA5D4DC394908B0FDF047CE0"><enum>(2)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
					<quoted-block display-inline="no-display-inline" id="H210749AF2AD3420489FDBC8B00DD7D6F" style="OLC">
						<subsection id="H94890587E6274EE59F00BBF4C418900"><enum>(t)</enum><header>Redesign and
				issuance of quarter dollars emblematic of national sites in each State, the
				District of Columbia, and each territory</header>
							<paragraph id="HFE017C78A4E64A20BCBC1F55497C4C74"><enum>(1)</enum><header>Redesign
				beginning upon completion of prior program</header>
								<subparagraph id="H75D35F41D93B4E4191B500BE9325B69F"><enum>(A)</enum><header>In
				general</header><text>Notwithstanding the fourth sentence of subsection (d)(1)
				and subsection (d)(2), quarter dollars issued beginning in 2010 shall have
				designs on the reverse selected in accordance with this subsection which are
				emblematic of the national sites in the States, the District of Columbia and
				the territories of the United States.</text>
								</subparagraph><subparagraph id="HBBD6DEF03F824A93B7931B497FAC4B24"><enum>(B)</enum><header>Flexibility with
				regard to placement of inscriptions</header><text display-inline="yes-display-inline">Notwithstanding subsection (d)(1), the
				Secretary may select a design for quarter dollars referred to in subparagraph
				(A) in which—</text>
									<clause id="H1633A1AC5F974D288310F5D825330020"><enum>(i)</enum><text>the inscription
				described in the second sentence of subsection (d)(1) appears on the reverse
				side of any such quarter dollars; and</text>
									</clause><clause id="HDF7E2AE58F9E4BD79D821BB2F8104792"><enum>(ii)</enum><text>any inscription
				described in the third sentence of subsection (d)(1) or the designation of the
				value of the coin appears on the obverse side of any such quarter
				dollars.</text>
									</clause></subparagraph><subparagraph id="HD7376B9B1FE2415A87C48300EB299327"><enum>(C)</enum><header>Inclusion of
				District of Columbia, and territories</header><text display-inline="yes-display-inline">For purposes of this subsection, the term
				<quote>State</quote> has the same meaning as in section 3(a) of the Federal
				Deposit Insurance Act (12 U.S.C. 1813(a)).</text>
								</subparagraph></paragraph><paragraph id="H3A6893F200A4479EA426690184894B45"><enum>(2)</enum><header>Single site in
				each state</header><text display-inline="yes-display-inline">The design on the
				reverse side of each quarter dollar issued during the period of issuance under
				this subsection shall be emblematic of one national site in each State.</text>
							</paragraph><paragraph id="HD00043119D95474AAAB98C198CDD68FF"><enum>(3)</enum><header>Selection of
				site and design</header>
								<subparagraph id="H26C4CC49A78C4C528CE4B933E064E0F9"><enum>(A)</enum><header>Site</header>
									<clause id="H430208C763BA45E0A281F86C850573D3"><enum>(i)</enum><header>In
				general</header><text display-inline="yes-display-inline">The selection of a
				national park or other national site in each State to be honored with a coin
				under this subsection shall be made by the Secretary of the Treasury, after
				consultation with the Secretary of the Interior and the governor or other chief
				executive of each State with respect to which a coin is to be issued under this
				subsection, and after giving full and thoughtful consideration to national
				sites that are not under the jurisdiction of the Secretary of the Interior so
				that the national site chosen for each State shall be the most appropriate in
				terms of natural or historic significance.</text>
									</clause><clause id="HA942AF3C355E4E6DA6FE9D64D0069C00"><enum>(ii)</enum><header>Timing</header><text display-inline="yes-display-inline">The selection process under clause (i)
				shall be completed before the end of the 270-day period beginning on the date
				of the enactment of the <short-title>America’s Beautiful
				National Parks Quarter Dollar Coin Act of 2008</short-title>.</text>
									</clause></subparagraph><subparagraph id="HE49819EBD0D543748BDE82FEEE95B773"><enum>(B)</enum><header>Design</header><text>Each
				of the designs required under this subsection for quarter dollars shall
				be—</text>
									<clause id="H7EE0F591433B42B68C027F48B55E8D90"><enum>(i)</enum><text>selected by the
				Secretary after consultation with—</text>
										<subclause id="H92252F2C6C8C4C73B046EB29A6AEF33F"><enum>(I)</enum><text>the Secretary of
				the Interior;</text>
										</subclause><subclause id="idDBC966FAC21C4B3AA0744A775BB7716F"><enum>(II)</enum><text>the Secretary of
				Agriculture for national sites within the jurisdiction of the Secretary of
				Agriculture; and</text>
										</subclause><subclause id="H1F5F06FBFAC648BC93D6DB5C600A07C"><enum>(III)</enum><text>the Commission of
				Fine Arts; and</text>
										</subclause></clause><clause id="HB7055B710D5A49DA8CC1AFC7CED87B39"><enum>(ii)</enum><text>reviewed by the
				Citizens Coinage Advisory Committee.</text>
									</clause></subparagraph><subparagraph id="H4286EA656AB24B06B8C18229D427BC18"><enum>(C)</enum><header>Selection and
				approval process</header><text>Recommendations for site selections and designs
				for quarter dollars may be submitted in accordance with the site and design
				selection and approval process developed by the Secretary in the sole
				discretion of the Secretary.</text>
								</subparagraph><subparagraph id="HF8AC486E5A314519B7530057BC482783"><enum>(D)</enum><header>Participation in
				design</header><text display-inline="yes-display-inline">The Secretary may
				include participation by officials of the State, artists from the State,
				engravers of the United States Mint, and members of the general public.</text>
								</subparagraph><subparagraph id="H2FF9FF2142684C9AAC05E80066DCE1B1"><enum>(E)</enum><header>Standards</header><text>Because
				it is important that the Nation's coinage and currency bear dignified designs
				of which the citizens of the United States can be proud, the Secretary shall
				not select any frivolous or inappropriate design for any quarter dollar minted
				under this subsection.</text>
								</subparagraph><subparagraph id="HABA83D3AA79548F5AE657559C160B879"><enum>(F)</enum><header>Prohibition on
				certain representations</header><text>No head and shoulders portrait or bust of
				any person, living or dead, no portrait of a living person, and no outline or
				map of a State may be included in the design on the reverse of any quarter
				dollar under this subsection.</text>
								</subparagraph></paragraph><paragraph id="H787109D5EC9143BA81F5558E1F128B9E"><enum>(4)</enum><header>Issuance of
				coins</header>
								<subparagraph id="id896C9CAC13754CACB05F335C457C9E39"><enum>(A)</enum><header>Yellowstone
				National Park</header><text>Since Yellowstone National Park was established by
				an Act signed by President Ulysses S. Grant on March 1, 1872, as the Nation's
				first National Park, Yellowstone National Park shall be—</text>
									<clause id="id332160F932444101869B7939EC541631"><enum>(i)</enum><text>depicted on the
				first quarter dollar issued; and</text>
									</clause><clause id="id639317DA60E740F8B940AC25B028DCA2"><enum>(ii)</enum><text>designated to
				the State of Wyoming.</text>
									</clause></subparagraph><subparagraph id="HF941A242E8914B8B9D6FED87E409024"><enum>(B)</enum><header>Order of
				issuance</header><text display-inline="yes-display-inline">Subject to
				subparagraph (A), the quarter dollar coins issued under this subsection bearing
				designs of national sites shall be issued in the order in which the sites
				selected under paragraph (3) were first established as a national site.</text>
								</subparagraph><subparagraph id="H353FEA683B254A209E765DD8A7FFC171"><enum>(C)</enum><header>Rate of
				issuance</header><text>The quarter dollar coins bearing designs of national
				sites under this subsection shall be issued at the rate of 5 new designs during
				each year of the period of issuance under this subsection.</text>
								</subparagraph><subparagraph id="H6ECA7161626D4643B9E24B9E3749F78"><enum>(D)</enum><header>Number of each of
				five coin designs in each year</header><text>Of the quarter dollar coins issued
				during each year of the period of issuance, the Secretary of the Treasury shall
				prescribe, on the basis of such factors as the Secretary determines to be
				appropriate, the number of quarter dollars which shall be issued with each of
				the designs selected for such year.</text>
								</subparagraph></paragraph><paragraph id="HDAA386D403504366B36FE4A59DD88141"><enum>(5)</enum><header>Treatment as
				numismatic items</header><text>For purposes of sections 5134 and 5136, all
				coins minted under this subsection shall be considered to be numismatic
				items.</text>
							</paragraph><paragraph id="HFE43117F6AC04B41B9B72C0CB941C64"><enum>(6)</enum><header>Issuance</header>
								<subparagraph id="H5D0D73477137486896397F61D08E3053"><enum>(A)</enum><header>Quality of
				coins</header><text>The Secretary may mint and issue such number of quarter
				dollars of each design selected under paragraph (3) in uncirculated and proof
				qualities as the Secretary determines to be appropriate.</text>
								</subparagraph><subparagraph id="H4CA8E23C304445058D834FB1F3F7787"><enum>(B)</enum><header>Silver
				coins</header><text>Notwithstanding subsection (b), the Secretary may mint and
				issue such number of quarter dollars of each design selected under paragraph
				(3) as the Secretary determines to be appropriate, with a content of 90 percent
				silver and 10 percent copper.</text>
								</subparagraph></paragraph><paragraph id="HFF30786195B1489DABB8BB9590694276"><enum>(7)</enum><header>Period of
				issuance</header>
								<subparagraph id="H45309B8E65B3483CBE74BC6B51DE3A1"><enum>(A)</enum><header>In
				general</header><text display-inline="yes-display-inline">Subject to paragraph
				(2), the program established under this subsection shall continue in effect
				until a national site in each State has been honored.</text>
								</subparagraph><subparagraph id="HBFF12DA1CEBC439786D5554DC8FDE328"><enum>(B)</enum><header>Second round at
				discretion of Secretary</header>
									<clause id="H7BD3AA595D56478BBC58F9A57826CDAE"><enum>(i)</enum><header>Determination</header><text display-inline="yes-display-inline">The Secretary may make a determination
				before the end of the 9-year period beginning when the first quarter dollar is
				issued under this subsection to continue the period of issuance until a second
				national site in each State, the District of Columbia, and each territory
				referred to in this subsection has been honored with a design on a quarter
				dollar.</text>
									</clause><clause id="H1BBA04F5F0CF49638034AB85CB6BB007"><enum>(ii)</enum><header>Notice and
				report</header><text>Within 30 days after making a determination under clause
				(i), the Secretary shall submit a written report on such determination to the
				Committee on Financial Services of the House of Representatives and the
				Committee on Banking, Housing, and Urban Affairs of the Senate.</text>
									</clause><clause id="H0B07AB3BE33E40B4B462B71941CB49CD"><enum>(iii)</enum><header>Applicability
				of provisions</header><text display-inline="yes-display-inline">If the
				Secretary makes a determination under clause (i), the provisions of this
				subsection applicable to site and design selection and approval, the order,
				timing, and conditions of issuance shall apply in like manner as the initial
				issuance of quarter dollars under this subsection, except that the issuance of
				quarter dollars pursuant to such determination bearing the first design shall
				commence in order immediately following the last issuance of quarter dollars
				under the first round.</text>
									</clause><clause id="H51F5DFBBA224425000707818DE00F263"><enum>(iv)</enum><header>Continuation
				until all states are honored</header><text display-inline="yes-display-inline">If the Secretary makes a determination
				under clause (i), the program under this subsection shall continue until a
				second site in each State has been so honored.</text>
									</clause></subparagraph></paragraph><paragraph id="HA9DE14C69C9948289D00BF68CC8EF7E2"><enum>(8)</enum><header>Designs after
				end of program</header><text>Upon the completion of the coin program under this
				subsection, the design on—</text>
								<subparagraph id="H4E75EA843E7A4F609E986B0091EB97BC"><enum>(A)</enum><text>the obverse of the
				quarter dollar shall revert to the same design containing an image of President
				Washington in effect for the quarter dollar before the institution of the
				50-State quarter dollar program; and</text>
								</subparagraph><subparagraph id="H7CFF0870E6E44D32A39D3733F9D4AD07"><enum>(B)</enum><text>notwithstanding
				the fourth sentence of subsection (d)(1), the reverse of the quarter dollar
				shall contain an image of General Washington crossing the Delaware River prior
				to the Battle of Trenton.</text>
								</subparagraph></paragraph><paragraph id="H99614F7F97C3452381DF02D5EC2FFD96"><enum>(9)</enum><header>National
				site</header><text display-inline="yes-display-inline">For purposes of this
				subsection, the term <term>national site</term> means any site under the
				supervision, management, or conservancy of the National Park Service, the
				United States Forest Service, the United States Fish and Wildlife Service, or
				any similar department or agency of the Federal Government, including any
				national park, national monument, national battlefield, national military park,
				national historical park, national historic site, national lakeshore, seashore,
				recreation area, parkway, scenic river, or trail and any site in the National
				Wildlife Refuge System.</text>
							</paragraph><paragraph id="H0B4135CA0CB14D6F8DD3A96015BBBE61"><enum>(10)</enum><header>Application in
				event of independence</header><text display-inline="yes-display-inline">If any
				territory becomes independent or otherwise ceases to be a territory or
				possession of the United States before quarter dollars bearing designs which
				are emblematic of such territory are minted pursuant to this subsection, this
				subsection shall cease to apply with respect to such
				territory.</text>
							</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
				</paragraph></section></title><title id="HB8D87F28F0864EAD856DA31D004BB23C"><enum>II</enum><header>Bullion
			 Investment Products</header>
			<section id="H69B86998383741DC8B4796318FD24E87"><enum>201.</enum><header>Silver bullion
			 coin</header><text display-inline="no-display-inline">Section 5112 of title 31,
			 United States Code, is amended by inserting after subsection (t) (as added by
			 section 101 of this Act) the following:</text>
				<quoted-block display-inline="no-display-inline" id="H716663906DDA47EEA0C95D6BF2B3CA36" style="OLC">
					<subsection id="H7DD88972AAAF49B884137336CE412C67"><enum>(u)</enum><header>Silver bullion
				investment product</header>
						<paragraph id="H578BC8B6322F4ACC0046502F03C58600"><enum>(1)</enum><header>In
				general</header><text display-inline="yes-display-inline">The Secretary shall
				strike and make available for sale such number of bullion coins as the
				Secretary determines to be appropriate that are exact duplicates of the quarter
				dollars issued under subsection (t), each of which shall—</text>
							<subparagraph id="HB476729DD5FB4853A52D6E1272EBAD3F"><enum>(A)</enum><text>have a diameter of
				3.0 inches and weigh 5.0 ounces;</text>
							</subparagraph><subparagraph id="H47779385EEBE423593809B41E58060EF"><enum>(B)</enum><text display-inline="yes-display-inline">contain .999 fine silver;</text>
							</subparagraph><subparagraph id="H5255F4473271493B991D05EDEF2B669"><enum>(C)</enum><text display-inline="yes-display-inline">have incused into the edge the fineness and
				weight of the bullion coin;</text>
							</subparagraph><subparagraph id="HB6E3FF6021E3462188619B05D025AD1E"><enum>(D)</enum><text>bear an
				inscription of the denomination of such coin, which shall be <quote>quarter
				dollar</quote>; and</text>
							</subparagraph><subparagraph id="H03F2FE72A26040278227633989BD1941"><enum>(E)</enum><text display-inline="yes-display-inline">not be minted or issued by the United
				States Mint as so-called <quote>fractional</quote> bullion coins or in any size
				other than the size described in paragraph (A).</text>
							</subparagraph></paragraph><paragraph id="H550F0991F196441DB323417737CDBAFA"><enum>(2)</enum><header>Availability for
				sale</header><text display-inline="yes-display-inline">Bullion coins minted
				under paragraph (1)—</text>
							<subparagraph id="H5499425E9A8E4D98AFA5D88B03D727F"><enum>(A)</enum><text>shall become
				available for sale no sooner than the first day of the calendar year in which
				the circulating quarter dollar of which such bullion coin is a duplicate is
				issued; and</text>
							</subparagraph><subparagraph id="HFB909654A64247D8BE209FD90059D77C"><enum>(B)</enum><text>may only be
				available for sale during the year in which such circulating quarter dollar is
				issued.</text>
							</subparagraph></paragraph><paragraph id="H517ED80DF47A4493BA302C56B8AA77FE"><enum>(3)</enum><header>Distribution</header>
							<subparagraph id="HEFE0824CFC0E473FAA93F8A84BBC481D"><enum>(A)</enum><header>In
				general</header><text>In addition to the authorized dealers utilized by the
				Secretary in distributing bullion coins and solely for purposes of distributing
				bullion coins issued under this subsection, the Director of the National Park
				Service, or the designee of the Director, may purchase numismatic items issued
				under this subsection, but only in units of no fewer than 1,000 at a time, and
				the Director, or the Director’s designee, may resell or repackage such
				numismatic items as the Director determines to be appropriate.</text>
							</subparagraph><subparagraph id="H8855EE39950D418790EB796B91FC26EA"><enum>(B)</enum><header>Resale</header><text display-inline="yes-display-inline">The Director of the National Park Service,
				or the designee of the Director, may resell, at cost and without repackaging,
				numismatic items acquired by the Director or such designee under subparagraph
				(A) to any party affiliated with any national site honored by a quarter dollar
				under subsection (t) for repackaging and resale by such party in the same
				manner and to the same extent as such party would be authorized to engage in
				such activities under subparagraph (A) if the party were acting as the designee
				of the Director under such
				subparagraph.</text>
							</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
			</section></title><title id="idDF6E5468770C45AB858BF9ABCA7CAE65"><enum>III</enum><header>Administration</header>
			<section id="IDcdc1faf51d5a44e5a4208187a445d02c"><enum>301.</enum><header>No Net Cost to
			 the Federal Government</header><text display-inline="no-display-inline">The
			 Secretary of the Treasury shall take such actions as are necessary to ensure
			 that minting and issuing coins under this Act and the amendments made by this
			 Act will not result in any net cost to the Federal Government.</text>
			</section></title></legis-body>
</bill>
