[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1923 Referred in Senate (RFS)]

<DOC>
116th CONGRESS
  2d Session
                                H. R. 1923


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 23, 2020

Received; read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 AN ACT


 
To amend title 31, United States Code, to require the Secretary of the 
 Treasury to mint and issue certain circulating collectible coins, 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 ``Circulating Collectible Coin 
Redesign Act of 2020''.

SEC. 2. REDESIGNED CIRCULATING COLLECTIBLE COINS.

    Section 5112 of title 31, United States Code, is amended by adding 
at the end the following new subsection:
    ``(x) Redesign and Issuance of Quarter Dollars Emblematic of 
Prominent American Women and Commemorating the 19th Amendment.--
            ``(1) Redesign of quarter dollars beginning in 2022.--
                    ``(A) In general.--Effective beginning January 1, 
                2022, notwithstanding the fourth sentence of subsection 
                (d)(1) and subsection (d)(2), the Secretary of the 
                Treasury shall issue quarter dollars that have designs 
                on the reverse selected in accordance with this 
                subsection which are emblematic of the accomplishment 
                of a prominent American woman.
                    ``(B) Flexibility with regard to placement of 
                inscriptions.--Notwithstanding subsection (d)(1), the 
                Secretary may select a design for quarter dollars 
                referred to in subparagraph (A) in which--
                            ``(i) the inscription described in the 
                        second sentence of subsection (d)(1) appears on 
                        the reverse side of any such quarter dollar; 
                        and
                            ``(ii) any of the inscriptions described in 
                        the third sentence of subsection (d)(1) or the 
                        designation of the value of the coin appear on 
                        the obverse side of any such quarter dollar.
                    ``(C) Single prominent american woman on each 
                quarter dollar.--The design on the reverse side of each 
                quarter dollar issued under this subsection shall be 
                emblematic of the accomplishments and contributions of 
                one prominent woman of the United States, and may 
                include contributions to the United States in a wide 
                spectrum of accomplishments and fields, including but 
                not limited to suffrage, civil rights, abolition, 
                government, humanities, science, space, and arts, and 
                should honor women from ethnically, racially, and 
                geographically diverse backgrounds.
                    ``(D) Issuance of quarter dollars emblematic of up 
                to five prominent american women each year.--The 
                designs for the quarter dollars issued during each year 
                of the period of issuance described under paragraph (4) 
                shall be emblematic of up to five prominent American 
                women.
                    ``(E) Selection of prominent american women 
                generally.--The selection of a prominent American woman 
                to be featured under this subsection shall be made by 
                the Secretary--
                            ``(i) in accordance with a selection 
                        process developed by the Secretary;
                            ``(ii) after soliciting recommendations 
                        from the general public for prominent women 
                        designs for quarter dollars; and
                            ``(iii) in consultation with the 
                        Smithsonian Institution American Women's 
                        History Initiative, National Women's History 
                        Museum, and the Bipartisan Women's Caucus.
            ``(2) Design generally.--The coins issued in accordance 
        with this subsection shall meet the following design 
        requirements--
                    ``(A) In general.--All designs under this 
                subsection shall be selected by the Secretary, after 
                consultation with the Commission of Fine Arts and 
                review by the Citizens Coinage Advisory Committee.
                    ``(B) Obverse.--The design on the obverse of the 
                quarter dollars shall maintain a likeness of George 
                Washington, and be designed in a manner, such as with 
                incused inscriptions, so as to distinguish it from the 
                obverse design used during the previous quarters 
                program.
            ``(3) Issuance of coins.--The Secretary shall prescribe, on 
        the basis of such factors as the Secretary determines to be 
        appropriate, the number of new designs during each year of the 
        period of issuance, and the number of coins which shall be 
        issued with each of the designs selected for such year.
            ``(4) Period of issuance.--
                    ``(A) In general.--The program established under 
                this subsection shall continue in effect until the end 
                of 2025.
                    ``(B) Continuity.--After 2025, the Secretary may 
                continue to issue coins minted during the program but 
                not yet issued.''.

SEC. 3. ISSUANCE OF REDESIGNED CIRCULATING COINS EMBLEMATIC OF THE 
              UNITED STATES SEMIQUINCENTENNIAL.

    Section 5112 of title 31, United States Code, is amended by adding 
at the end the following new subsection:
    ``(y) Redesign and Issuance of Coins Emblematic of the United 
States Semiquincentennial.--
            ``(1) Redesign beginning in 2026.--
                    ``(A) In general.--
                            ``(i) Notwithstanding the 4th, 5th, and 6th 
                        sentences of subsection (d)(1), the Secretary 
                        may change the design on any of the coins 
                        authorized under this section and minted for 
                        issuance during the one-year period beginning 
                        January 1, 2026, in celebration of the United 
                        States semiquincentennial.
                            ``(ii) Notwithstanding the 2nd and 3rd 
                        sentences of subsection (d)(1), the Secretary 
                        may place the required inscriptions on either 
                        the obverse or reverse sides of the coins 
                        authorized for redesign under this subsection.
                    ``(B) Quarter dollars.--The Secretary may issue 
                quarter dollars in 2026 with up to five different 
                designs emblematic of the United States 
                semiquincentennial. One of the quarter dollar designs 
                must be emblematic of a woman's or women's contribution 
                to the birth of the Nation or the Declaration of 
                Independence or any other monumental moments in 
                American History.
                    ``(C) Dollars.--The Secretary may, in addition to 
                the coins produced under subsections (r) and (w), mint 
                for issuance during the one-year period beginning 
                January 1, 2026, $1 dollar coins with designs 
                emblematic of the United States semiquincentennial.
                    ``(D) Designs after end of the program.--Beginning 
                in 2027, any coin redesigned under this subsection 
                shall revert to the immediately previous designs, with 
                the exception of the quarter dollar and the half 
                dollar, which shall bear designs in accordance with 
                subsection (z).
                    ``(E) Redesign definition.--A redesign authorized 
                under this subsection shall not constitute a `change' 
                for purposes of subsection (d)(2).
            ``(2) Selection of designs.--
                    ``(A) In general.--Each of the designs authorized 
                under this subsection shall be selected by the 
                Secretary after consultation with Commission of Fine 
                Arts and review by the Citizens Coinage Advisory 
                Committee.
                    ``(B) Design selection process.--Designs shall be 
                developed and selected in accordance with the design 
                selection process developed by the Secretary in 
                consultation with the United States Semiquincentennial 
                Commission and with recommendations from the general 
                public.''.

SEC. 4. ISSUANCE OF REDESIGNED QUARTER DOLLARS AND HALF DOLLARS 
              EMBLEMATIC OF SPORTS PLAYED BY AMERICAN YOUTH.

    Section 5112 of title 31, United States Code, is amended by adding 
at the end the following new subsection:
    ``(z) Redesign and Issuance of Quarter Dollars and Half Dollars 
Emblematic of Sports Played by American Youth.--
            ``(1) Redesign of quarter dollars beginning in 2027.--
                    ``(A) In general.--Effective beginning January 1, 
                2027, notwithstanding the fourth sentence of subsection 
                (d)(1) and subsection (d)(2), the Secretary shall issue 
                quarter dollars that have designs on the reverse 
                selected in accordance with this subsection which are 
                emblematic of sports played by American youth.
                    ``(B) Flexibility with regard to placement of 
                inscriptions.--Notwithstanding subsection (d)(1), the 
                Secretary may select a design for quarter dollars 
                referred to in subparagraph (A) in which--
                            ``(i) the inscription described in the 
                        second sentence of subsection (d)(1) appears on 
                        the reverse side of any such quarter dollars; 
                        and
                            ``(ii) any of the inscriptions described in 
                        the third sentence of subsection (d)(1) or the 
                        designation of the value of the coin appear on 
                        the obverse side of any such quarter dollars.
                    ``(C) Single sport on each quarter dollar.--The 
                design on the reverse side of each quarter dollar 
                issued under this subsection shall be emblematic of one 
                sport played by American youth.
                    ``(D) Issuance of quarter dollars emblematic of up 
                to five sports each year.--The designs for the quarter 
                dollars issued during each year of the period referred 
                to in paragraph (5) shall be emblematic of up to five 
                sports.
                    ``(E) Selection of sports generally.--The Secretary 
                shall select the sports to be honored during each year 
                of the period referred to in paragraph (5) after 
                appropriate outreach and consultation with the public.
            ``(2) Redesign of half dollars beginning in 2027.--
                    ``(A) In general.--Effective January 1, 2027, 
                notwithstanding the fourth sentence of subsection 
                (d)(1) and subsection (d)(2), the Secretary shall issue 
                half dollars that have designs on the reverse selected 
                in accordance with this subsection which are emblematic 
                of a sport tailored to athletes with a range of 
                disabilities, including physical impairment, vision 
                impairment and intellectual impairment (referred to in 
                this Act as a `Paralympic' sport).
                    ``(B) Flexibility with regard to placement of 
                inscriptions.--Notwithstanding subsection (d)(1), the 
                Secretary may select a design for half dollars referred 
                to in subparagraph (A) in which--
                            ``(i) the inscription described in the 
                        second sentence of subsection (d)(1) appears on 
                        the reverse side of any such half dollars; and
                            ``(ii) any of the inscriptions described in 
                        the third sentence of subsection (d)(1) or the 
                        designation of the value of the coin appear on 
                        the obverse side of any such half dollars.
                    ``(C) Single paralympic sport on each half 
                dollar.--The design on the reverse side of each half 
                dollar issued under this subsection shall be emblematic 
                of one Paralympic sport.
                    ``(D) Selection of sports.--The selection of a 
                Paralympic sport to be honored with a half dollar under 
                this subsection shall be made by the Secretary after 
                consultation with U.S. Paralympics.
            ``(3) Design generally.--The coins issued in accordance 
        with this subsection shall meet the following design 
        requirements:
                    ``(A) In general.--All designs under this 
                subsection shall be selected by the Secretary, after 
                consultation with the Commission of Fine Arts and 
                review by the Citizens Coinage Advisory Committee.
                    ``(B) Quarter dollar obverse.--The design on the 
                obverse of the quarter dollars shall maintain a 
                likeness of George Washington, and be designed in a 
                manner so as to distinguish it from the obverse design 
                used during the previous quarter dollars program.
                    ``(C) Half dollar obverse.--The design on the 
                obverse of the half dollar shall maintain a likeness of 
                John Kennedy, and be designed in a manner so as to 
                distinguish it from the obverse design used on the 
                current half dollar.
            ``(4) Issuance of coins.--
                    ``(A) Quarter dollar.--The quarter dollar coins 
                bearing designs under this subsection shall be issued 
                at the rate of up to 5 new designs during each year of 
                the period of issuance described under paragraph (5).
                    ``(B) Half dollar.--The half dollar coins bearing 
                designs under this subsection shall be issued at the 
                rate of 1 new design during each year of the period of 
                issuance described under paragraph (5).
            ``(5) Period of issuance.--
                    ``(A) In general.--The program established under 
                this subsection shall continue in effect until the end 
                of 2030.
                    ``(B) Continuity.--After the date specified in 
                subparagraph (A), the Secretary may continue to issue 
                coins minted during the program but not yet issued.
            ``(6) Accompanying sports medals.--For every design of a 
        coin honoring a sport issued under this subsection, the 
        Secretary is authorized to design and issue one or more 
        accompanying medals with designs emblematic of the sport 
        honored with the issuance of the coin, and include a surcharge 
        on the sale the medals sold in accordance with this paragraph, 
        in an amount determined by the Secretary, in the Secretary's 
        sole discretion, that may be used for the design and 
        manufacture of the medals described in paragraph (7).
            ``(7) Olympic medals.--
                    ``(A) In general.--The Secretary is authorized to 
                design and manufacture medals for award at the 2028 
                Olympic Games in Los Angeles, California.
                    ``(B) Working stock.--The Secretary may use 
                Treasury working gold and silver stock in the 
                manufacture of the award medals produced under this 
                subsection.
                    ``(C) Olympic & paralympic committees.--The 
                Secretary may provide the medals described in this 
                paragraph to the United States Olympic & Paralympic 
                Committee under terms and conditions established by the 
                Secretary.
                    ``(D) Cooperative marketing and promotion 
                opportunities.--The Secretary is encouraged to seek out 
                cooperative marketing and promotion opportunities, 
                including with the United States Olympic & Paralympic 
                Committee, LA28, and United States Olympic and 
                Paralympic Properties to promote the coins and medals 
                produced under this section.
            ``(8) Designs after end of program.--Upon the completion or 
        termination of the coin program under this subsection, the 
        designs on the quarter dollar and half dollar shall be as 
        follows:
                    ``(A) Quarter dollar.--
                            ``(i) Obverse.--The obverse of the quarter 
                        dollar shall bear a design containing a 
                        likeness of George Washington.
                            ``(ii) Reverse.--The reverse of the quarter 
                        dollar shall be of a design selected by the 
                        Secretary after consultation with the 
                        Commission of Fine Arts and review by the 
                        Citizens Coinage Advisory Committee.
                    ``(B) Half dollar.--
                            ``(i) Obverse.--The obverse of the half 
                        dollar shall bear a design containing a 
                        likeness of John Kennedy.
                            ``(ii) Reverse.--The reverse of the half 
                        dollar shall be of a design selected by the 
                        Secretary after consultation with the 
                        Commission of Fine Arts and review by the 
                        Citizens Coinage Advisory Committee.''.

SEC. 5. SILVER BULLION COINS.

    Section 5112 of title 31, United States Code, is amended by 
replacing subsection (u) with the following revised subsection:
    ``(u) Silver Bullion Investment Product.--
            ``(1) In general.--The Secretary is authorized to strike 
        and make available for sale such number of bullion coins as the 
        Secretary determines to be appropriate that feature the designs 
        of the quarter dollars and half dollars issued under 
        subsections (x), (y), and (z), that--
                    ``(A) have a diameter of 3.0 inches and weigh 5.0 
                ounces;
                    ``(B) contain .999 fine silver;
                    ``(C) have incused into the edge the fineness and 
                weight of the bullion coin; and
                    ``(D) bear an inscription of the denomination of 
                such coins, such denominations to be determined by the 
                Secretary as the Secretary determines to be 
                appropriate.
            ``(2) Fractionals.--The Secretary is authorized to mint and 
        issue so-called `fractional' silver bullion coins bearing the 
        designs of the quarter dollars and half dollars issued under 
        subsections (x), (y), and (z) in sizes, weights, fineness, and 
        denominations, and with inscriptions, that the Secretary 
        determines to be appropriate.
            ``(3) Availability for sale.--Should the Secretary exercise 
        the Secretary's discretion to strike bullion coins under this 
        subsection, the bullion coins minted under paragraph (1) shall 
        become available for sale no sooner than the first day of the 
        calendar year in which the corresponding circulating quarter 
        dollar or half dollar is issued.
            ``(4) Continuity.--Until the conclusion of the quarter 
        dollar program authorized under subsection (t), the Secretary 
        shall strike and make available for sale such number of bullion 
        coins as the Secretary determines to be appropriate that are 
        likenesses of the quarter dollars issued under subsection 
        (t).''.

SEC. 6. CIRCULATING COLLECTIBLE STANDARDS AND GENERAL PROVISIONS.

    Section 5112 of title 31, United States Code, is amended by adding 
at the end the following new subsection:
    ``(aa) Standards and General Provisions for Circulating Collectible 
Coins Under Subsections (x), (y), and (z).--
            ``(1) Prohibition on certain representations.--No head and 
        shoulders portrait or bust of any person, living or dead, and 
        no portrait of a living person may be included in the design on 
        the reverse of any coin under subsections (x), (y), and (z).
            ``(2) Treatment as numismatic items.--For purposes of 
        sections 5134 and 5136, all coins and medals minted under 
        subsections (x), (y), and (z) shall be considered to be 
        numismatic items.
            ``(3) Issuance.--
                    ``(A) Quality of coins.--The Secretary may mint and 
                issue such number of coins of each design selected 
                under subsections (x), (y), and (z) in uncirculated and 
                proof qualities as the Secretary determines to be 
                appropriate.
                    ``(B) Coordination.--The Board of Governors of the 
                Federal Reserve System and the Secretary shall take 
                steps to ensure that an adequate supply of coins 
                produced under subsections (x), (y), and (z) are 
                available for commerce and collectors at such places 
                and in such quantities as are appropriate.
                    ``(C) Number of each coin designs in each year.--Of 
                the coins issued during each year of the period of 
                issuance under subsections (x), (y), and (z), the 
                Secretary shall prescribe, on the basis of such factors 
                as the Secretary determines to be appropriate, the 
                number of coins which shall be issued with each of the 
                designs selected for such year.
                    ``(D) Special inscriptions or symbol across the 
                coins.--The Secretary is encouraged to develop and 
                include on any coin issued in accordance with 
                subsections (x), (y), or (z), a unifying inscription, 
                privy mark, or other symbol for that particular coin 
                program.
            ``(4) Legal tender.--The coins minted under subsections 
        (x), (y), and (z) shall be legal tender, as provided in section 
        5103.
            ``(5) Marketing and educational campaign.--In an effort to 
        advance the collecting of the coins and medals authorized under 
        subsections (x), (y), and (z), and numismatics in general, the 
        Secretary may develop and execute a marketing, advertising, 
        promotional, and educational program to promote the collecting 
        of the coins and medals authorized under subsections (x), (y), 
        and (z). As part of this program, the Secretary is encouraged 
        to seek out appropriate cooperative marketing opportunities, 
        and to develop ancillary derivative products beyond traditional 
        numismatic products such as sports, women, and youth oriented 
        products appropriate to the particular coin and medal program.
            ``(6) Quality of medals.--It is the sense of Congress that 
        the medals authorized under subsection (z) be produced in high 
        relief and, if feasible and cost effective, with surface 
        treatments such as frosting and colorization.''.

SEC. 7. DETERMINATION OF BUDGETARY EFFECTS.

    The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the House Budget Committee, provided that 
such statement has been submitted prior to the vote on passage.

            Passed the House of Representatives September 22, 2020.

            Attest:

                                             CHERYL L. JOHNSON,

                                                                 Clerk.