[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1235 Enrolled Bill (ENR)]

        H.R.1235

                     One Hundred Fifteenth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

         Begun and held at the City of Washington on Wednesday,
           the third day of January, two thousand and eighteen


                                 An Act


 
To require the Secretary of the Treasury to mint coins in recognition of 
 the 60th Anniversary of the Naismith Memorial Basketball Hall of Fame.

    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 ``Naismith Memorial Basketball Hall of 
Fame Commemorative Coin Act''.
SEC. 2. FINDINGS.
    The Congress finds the following:
        (1) On December 21, 1891, a young physical education instructor 
    named James Naismith, introduced the game of ``basket ball'' to his 
    physical education class, in Springfield, Massachusetts.
        (2) In 1959, the Naismith Memorial Basketball Hall of Fame was 
    founded and dedicated to the game's creator Dr. James Naismith, in 
    Springfield, MA, ``The Birthplace of Basketball'' and became the 
    first and only museum to honor the game at all levels around the 
    world.
        (3) The Naismith Memorial Basketball Hall of Fame honors 
    players who have achieved greatness, exemplary coaches, referees 
    and other major contributors to the sport of basketball. The 
    Inaugural Hall of Fame Class of 1959 had seventeen honorees who 
    were inducted, including Dr. James Naismith, George Mikan, Forrest 
    C. Allen, Angelo Luisetti, Original Celtics and First Team.
        (4) The Naismith Memorial Basketball Hall of Fame is recognized 
    throughout the world as the premier institution entrusted with 
    recording and disseminating the history of the game of basketball 
    and recognizing and honoring the achievements of its greatest 
    players, coaches, and contributors.
        (5) The Naismith Memorial Basketball Hall of Fame provides an 
    entertaining, enriching experience and is known for its educational 
    outreach programs and celebrates and promotes positive core values 
    demonstrated by basketball's hallowed heroes and its founder.
        (6) Basketball is one of America's national treasures, with its 
    fast pace which reflects the freedom of expression and the modern 
    experience of life in the 21st century.
        (7) Since its opening in 1959, the Naismith Memorial Basketball 
    Hall of Fame is home to the largest collection of basketball 
    memorabilia in the world, including more than 30,000 three-
    dimensional objects, 800,000 photographs, and 1.5 million 
    documents.
        (8) The Naismith Memorial Basketball Hall of Fame welcomes more 
    than 6 million visitors interested in discovering the rich history 
    of the game through its stories, its personalities, and its most 
    celebrated moments.
        (9) The Naismith Memorial Basketball Hall of Fame reaches over 
    7 million Americans through its educational programs, events, 
    exhibits, social media, and its interactive website.
        (10) The Naismith Memorial Basketball Hall of Fame's customized 
    educational programs use basketball to teach young students around 
    the world the important lessons on a variety of topics including: 
    financial literacy, mathematics, civil rights, leadership of 
    character, women's and men's history, and geography.
        (11) The Naismith Memorial Basketball Hall of Fame will lead 
    the celebration of the 60th Anniversary of Basketball and will 
    partner with a select group of constituents including the National 
    Basketball Association, the National Collegiate Athletic 
    Association, and USA Basketball in commemorating the game 
    throughout the 2019-2020 basketball season.
SEC. 3. COIN SPECIFICATIONS.
    (a) Denominations.--In recognition and celebration of the Naismith 
Memorial Basketball Hall of Fame, 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 50,000 $5 coins, which 
    shall--
            (A) weigh 8.359 grams;
            (B) be struck on a planchet having a diameter of 0.850 
        inches; and
            (C) contain 90 percent gold and 10 percent alloy.
        (2) $1 silver coins.--Not more than 400,000 $1 coins, which 
    shall--
            (A) weigh 26.73 grams;
            (B) be struck on a planchet having a diameter of 1.500 
        inches; and
            (C) contain not less than 90 percent silver.
        (3) Half-dollar clad coins.--Not more than 750,000 half-dollar 
    coins which shall--
            (A) weigh 11.34 grams;
            (B) be struck on a planchet having a diameter of 1.205 
        inches; and
            (C) be minted to the specifications for half-dollar coins 
        contained in section 5112(b) of title 31, United States Code.
    (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.
    (d) Dome Shape.--The coins minted under this Act shall be in the 
shape of a dome.
SEC. 4. DESIGN OF COINS.
    (a) In General.--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.
    (b) Designations and Inscriptions.--On each coin minted under this 
Act there shall be--
        (1) a designation of the value of the coin;
        (2) an inscription of the year ``2020''; and
        (3) inscriptions of the words ``Liberty'', ``In God We Trust'', 
    ``United States of America'', and ``E Pluribus Unum''.
    (c) Selection and Approval Process for Obverse Design.--
        (1) In general.--The Secretary shall hold a competition to 
    determine the design of the common obverse of the coins minted 
    under this Act, with such design being emblematic of the game of 
    basketball.
        (2) Selection and approval.--Proposals for the design of coins 
    minted under this Act may be submitted in accordance with the 
    design selection and approval process developed by the Secretary in 
    the sole discretion of the Secretary.
        (3) Proposals.--As part of the competition described in this 
    subsection, the Secretary may accept proposals from artists, 
    engravers and other employees of the United States Mint, other 
    Government employees, and members of the general public.
        (4) Compensation.--The Secretary shall determine compensation 
    for the winning design under this subsection, which shall be not 
    less than $5,000. The Secretary shall take into account this 
    compensation amount when determining the sale price described in 
    section 6(a).
    (d) Reverse Design.--The design on the common reverse of the coins 
minted under this Act shall depict a basketball.
SEC. 5. ISSUANCE OF COINS.
    (a) Quality of Coins.--Coins minted under this Act shall be issued 
in uncirculated and proof qualities.
    (b) Period for Issuance.--The Secretary may issue coins minted 
under this Act only during the 1-year period beginning on January 1, 
2020.
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 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, winning design 
    compensation, 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.
SEC. 7. SURCHARGES.
    (a) In General.--All sales of coins minted under this Act shall 
include a surcharge as follows:
        (1) A surcharge of $35 per coin for the $5 coin.
        (2) A surcharge of $10 per coin for the $1 coin.
        (3) A surcharge of $5 per coin for the half-dollar coin.
    (b) 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 Naismith Memorial Basketball Hall of Fame to fund an endowment that 
will enable increased operations and educational programming of the 
Naismith Memorial Basketball Hall of Fame.
    (c) Audits.--The Naismith Memorial Basketball Hall of Fame 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 (b).
    (d) Limitation.--Notwithstanding subsection (a), 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 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.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.