[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1057 Enrolled Bill (ENR)]

        H.R.1057

                    One Hundred Seventeenth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

           Begun and held at the City of Washington on Monday,
          the third day of January, two thousand and twenty-two


                                 An Act


 
To require the Secretary of the Treasury to mint coins in commemoration 
 of the National World War II Memorial in Washington, DC, 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 ``Greatest Generation Commemorative 
Coin Act''.
SEC. 2. FINDINGS.
    The Congress finds the following:
        (1) The National World War II Memorial was dedicated in 
    Washington, DC, on May 29, 2004, and is located on the east end of 
    the Reflecting Pool on the National Mall, opposite the Lincoln 
    Memorial and west of the Washington Monument.
        (2) The dedication of the National World War II Memorial was 
    the culmination of a 17-year effort that started on December 10, 
    1987 when the World War II Memorial Act was first introduced in the 
    House of Representatives, and was authorized by an Act of Congress 
    signed into law on May 25, 1993. Construction began September 4, 
    2001, after several years of fundraising and public hearings.
        (3) Opening to the public on April 29, 2004, the World War II 
    Memorial is the first national memorial dedicated to all who served 
    during World War II and acknowledges the commitment and achievement 
    of the entire Nation.
        (4) The Memorial honors the more than 16,000,000 who served in 
    the Armed Forces of the United States during World War II, the more 
    than 400,000 who died, and the millions who supported the war 
    effort from home.
        (5) It is a monument to the spirit, sacrifice, and commitment 
    of the American people to the common defense of the Nation and to 
    the broader causes of peace and freedom from tyranny throughout the 
    world.
        (6) Today, the Memorial is a top destination for millions of 
    annual visitors from all over the country and the world. For many 
    young visitors, their visit to the Memorial is a first glimpse to a 
    grateful Nation's remembrance of the sacrifices made by the World 
    War II generation.
        (7) For World War II veterans, the Memorial is a special 
    destination, a rendezvous point, and a gathering place for reunions 
    and commemoration programs.
        (8) The Friends of the National World War II Memorial play a 
    vital role in the preservation and maintenance of the National 
    World War II Memorial as a treasure for the American people, while 
    helping to facilitate key commemorative and educational programs at 
    the Memorial to pay tribute to America's ``Greatest Generation'' 
    and their efforts to preserve liberty for generations to come.
        (9) The National World War II Memorial stands as an important 
    symbol of America's national unity, a timeless reminder of the 
    moral strength and power that flows when free people are at once 
    united and bonded together in a common and just cause for liberty.
SEC. 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 coin:
        (1) $5 gold coins.--Not more than 50,000 $5 coins, which 
    shall--
            (A) weigh 8.359 grams;
            (B) have a diameter of 0.850 inches; and
            (C) contain not less than 90 percent gold.
        (2) $1 silver coins.--Not more than 400,000 $1 coins, which 
    shall--
            (A) weigh 26.73 grams;
            (B) have 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) have 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.
SEC. 4. DESIGNS OF COINS.
    (a) Design Requirements.--
        (1) In general.--The designs of the coins minted under this Act 
    shall be emblematic of the National World War II Memorial and the 
    service and sacrifice of American soldiers and civilians during 
    World War II.
        (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 ``2024''; and
            (C) inscriptions of the words ``Liberty'', ``In God We 
        Trust'', ``United States of America'', and ``E Pluribus Unum''.
    (b) Selection.--The designs for the coins minted under this Act 
shall be--
        (1) selected by the Secretary after consultation with the 
    Commission of Fine Arts and the Friends of the National World War 
    II Memorial; 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) Period for Issuance.--The Secretary may issue coins minted 
under this Act only during the 1-year period beginning on January 1, 
2024.
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, 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 issued under this Act shall 
include a surcharge of--
        (1) $35 per coin for the $5 coin;
        (2) $10 per coin for the $1 coin; and
        (3) $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 Friends of the National World War II Memorial to support the 
National Park Service in maintaining and repairing the National World 
War II Memorial, and for educational and commemorative programs.
    (c) Audits.--The Friends of the National World War II Memorial 
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 2 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.
SEC. 8. FINANCIAL ASSURANCES.
    The Secretary shall take such actions as may be necessary to ensure 
that--
        (1) minting and issuing coins under this Act will not result in 
    any net cost to the United States Government; and
        (2) no funds, including applicable surcharges, shall be 
    disbursed to any recipient designated in section 7 until the total 
    cost of designing and issuing all of the coins authorized by this 
    Act (including labor, materials, dies, use of machinery, overhead 
    expenses, marketing, and shipping) is recovered by the United 
    States Treasury, consistent with sections 5112(m) and 5134(f) of 
    title 31, United States Code.

                               Speaker of the House of Representatives.

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