[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1096 Enrolled Bill (ENR)]
H.R.1096
One Hundred Eighteenth Congress
of the
United States of America
AT THE FIRST SESSION
Begun and held at the City of Washington on Tuesday,
the third day of January, two thousand and twenty-three
An Act
To require the Secretary of the Treasury to mint coins in commemoration
of the 250th Anniversary of the United States Marine Corps, and to
support programs at the Marine Corps Heritage Center.
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 ``250th Anniversary of the United
States Marine Corps Commemorative Coin Act''.
SEC. 2. FINDINGS.
The Congress finds the following:
(1) November 10, 2025, marks the 250th anniversary of the
United States Marine Corps.
(2) The United States Marine Corps has, over the course of its
illustrious 250-year history, fought gallantly in defense of the
United States.
(3) The United States Marine Corps has established itself as a
leading military force, always prepared for tomorrow's challenges
and to contend with the future character of war.
(4) The United States Marine Corps continues to exemplify the
warrior ethos that has made it a fighting force of international
repute.
(5) All Americans should commemorate the legacy of the United
States Marine Corps and recognize the significant contributions the
values embodied in the Corps have made in protecting the United
States against its enemies.
(6) In the National Defense Authorization Act for Fiscal Year
2001, the Congress authorized the construction of the Marine Corps
Heritage Center as a multipurpose facility for historical displays
for the public viewing, curation and storage of artifacts, research
facilities, classrooms, offices and associated activities
consistent with the mission of the Marine Corps.
(7) On November 10, 2006, the Marine Corps Heritage Center
opened to the public, with exhibits that share the history of the
Marine Corps from 1775 until 1975, and with planned future exhibits
on modern day Marine Corps history from the end of the Vietnam War
through the wars in Iraq and Afghanistan, to be completed by 2025.
(8) The United States should pay tribute to the 250th
anniversary of the United States Marine Corps by minting and
issuing a commemorative coin.
(9) The surcharge proceeds from the sale of a commemorative
coin, which would have no net costs to the taxpayers, would raise
valuable funding for the continuation of educational programs of
the Marine Corps Heritage Center.
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 coins:
(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 section 5134 and 5136 of
title 31, United States Code, all coins minted under this Act shall be
considered to be numismatic items.
SEC. 4. DESIGN OF COINS.
(a) Design Requirements.--The designs of the coins minted under
this Act shall be emblematic of the 250th anniversary of the United
States Marine Corps.
(b) Designation 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 ``2025''; and
(3) inscriptions of the words ``Liberty'', ``In God We Trust'',
``United States of America'', and ``E Pluribus Unum''.
(c) Selection.--The design for the coin minted under this Act shall
be--
(1) selected by the Secretary after consultation with the
Commission of Fine Arts, the Commandant of the Marine Corps, and
the Marine Corps Heritage Foundation; 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) Mint Facility.--Any 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,
2025.
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) a surcharge of $35 per coin for the $5 coin;
(2) a surcharge of $10 per coin for the $1 coin; and
(3) a surcharge of $5 per coin for the half-dollar 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 to the Marine Corps Heritage Foundation and shall only be
used for the purposes of supporting the mission of the Marine Corps
Heritage Center.
(c) Audits.--The Marine Corps Heritage Foundation, 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 result in no net
cost to the Federal Government; and
(2) no funds, including applicable surcharges, are disbursed to
the Marine Corps Heritage Foundation 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.