[Congressional Record Volume 149, Number 145 (Thursday, October 16, 2003)]
[Senate]
[Pages S12733-S12734]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        COST ESTIMATE FOR S. 300

  Mr. SHELBY. Mr. President, I ask unanimous consent that the 
Congressional Budget Office cost estimate for S. 300, the Jackie 
Robinson Congressional Gold Medal bill, be printed in the Record.
  There being no objection, the material was ordered to be printed in 
the Record, as follows:

[[Page S12734]]

               congressional budget office cost estimate

     S. 300--A bill to award a congressional gold medal to Jackie 
         Robinson (posthumously), in recognition of his many 
         contributions to the nation, and to express the sense of 
         Congress that there should be a national day in 
         recognition of Jackie Robinson
       S. 300 would authorize the President to present a gold 
     medal to the family of Jackie Robinson in recognition of his 
     contributions to the nation as an athlete, business leader, 
     and citizen. The legislation would authorize the U.S. Mint to 
     spend up to $30,000 to produce the gold medal. To help 
     recover the costs of the medal, S. 300 would authorize the 
     Mint to strike and sell bronze duplicates of the medal at a 
     price that covers production costs for both the medal and the 
     duplicates.
       Based on the costs of recent medals produced by the Mint, 
     CBO estimates that the bill would not significantly increase 
     direct spending from the U.S. Mint Public Enterprise Fund. We 
     estimate that the gold medal would cost about $25,000 to 
     produce in fiscal year 2004, including around $5,000 for the 
     cost of the gold and about $20,000 for the costs to design, 
     engrave, and manufacture the medal. CBO expects that the Mint 
     would recoup little of its costs by selling bronze duplicates 
     to the public.
       S. 300 contains no intergovernmental or private-sector 
     mandates as defined in the Unfunded Mandates Reform Act and 
     would have no effect on state, local, or tribal governments.
       The CBO staff contact for this estimate is Matthew 
     Pickford, who can be reached at 226-2860. This estimate was 
     approved by Robert A. Sunshine, Assistant Director for Budget 
     Analysis.

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