[Congressional Record Volume 166, Number 164 (Tuesday, September 22, 2020)]
[House]
[Pages H4711-H4712]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                1921 SILVER DOLLAR COIN ANNIVERSARY ACT

  Mr. CLEAVER. Madam Speaker, I ask unanimous consent that the 
Committee on Financial Services be discharged from further 
consideration of the bill (H.R. 6192) to require the Secretary of the 
Treasury to honor the 100th anniversary of completion of coinage of the 
``Morgan Dollar'' and the 100th anniversary of commencement of coinage 
of the ``Peace Dollar'', and for other purposes, and ask for its 
immediate consideration in the House.
  The Clerk read the title of the bill.
  The SPEAKER pro tempore. Is there objection to the request of the 
gentleman from Missouri?
  There was no objection.
  The text of the bill is as follows:

                               H.R. 6192

       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 ``1921 Silver Dollar Coin 
     Anniversary Act''.

     SEC. 2. FINDINGS.

       The Congress finds that following:
       (1) In December 1921, the Peace silver dollar was approved 
     by Treasury Secretary Andrew Mellon, replacing the Morgan 
     silver dollar and commemorating the declaration of peace 
     between the United States and the Imperial German government.
       (2) The Peace silver dollar was minted in Philadelphia, 
     Denver and San Francisco. The Morgan silver dollar was minted 
     at Philadelphia, Denver, San Francisco, Carson City, and New 
     Orleans.
       (3) The Peace silver dollar was designed by Anthony de 
     Francisci with the Goddess of Liberty on the obverse and a 
     bald eagle clutching the olive branch (a symbol of peace) on 
     the reverse. The Peace silver dollars were minted between 
     1921 to 1935.
       (4) The Morgan silver dollar was designed by George T. 
     Morgan and was minted from 1878 to 1904, and again in 1921. 
     The obverse depicts a profile portrait of Lady Liberty and on 
     the reverse, a heraldic eagle.
       (5) The conversion from the Morgan silver dollar to the 
     Peace silver dollar design in 1921 reflected a pivotal moment 
     in American history. The Morgan silver dollar represents the 
     country's westward expansion and industrial development in 
     the late 19th century. The Peace silver dollar symbolizes the 
     country's coming of age as an international power while 
     recognizing the sacrifices made by her citizens in World War 
     I and celebrating the victory and peace that ensued.
       (6) These iconic silver dollars with vastly different 
     representations of Lady Liberty and the American Eagle, 
     reflect a changing of the guard in 1921 in the United States 
     and therefore on the 100th anniversary must begin to be 
     minted again to commemorate this significant evolution of 
     American freedom.

     SEC. 3. COIN SPECIFICATIONS.

       (a) $1 Silver Coins.--The Secretary of the Treasury 
     (hereafter in this Act referred to as the ``Secretary'') 
     shall mint and issue $1 coins in recognition of the 100th 
     anniversary of completion of coinage of the Morgan dollar and 
     the 100th anniversary of commencement of coinage of the Peace 
     dollar, each of which shall--
       (1) weigh 26.73 grams;
       (2) have a diameter of 1.500 inches;
       (3) contain not less than 90 percent silver; and
       (4) have a reeded edge.
       (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. DESIGN OF COINS.

       (a) Design Requirements.--
       (1) In general.--The designs of the coins minted under this 
     Act shall honor either the Morgan dollar or the Peace dollar, 
     as follows--
       (A) Morgan dollar.--The coins honoring the 100th 
     anniversary of completion of coinage of the Morgan dollar 
     shall have an obverse design and a reverse design that are 
     renditions of the designs historically used on the obverse 
     and reverse of the Morgan dollar.
       (B) Peace dollar.--The coins honoring the 100th anniversary 
     of commencement of coinage of the Peace dollar shall have an 
     obverse design and a reverse design that are renditions of 
     the designs historically used on the obverse and reverse of 
     the Peace dollar.
       (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 of minting or issuance; and
       (C) inscriptions of the words ``Liberty'', ``In God We 
     Trust'', ``United States of America'', and ``E Pluribus 
     Unum''.
       (b) Selection.--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.

     SEC. 5. ISSUANCE OF COINS.

       The Secretary may issue coins minted under this Act 
     beginning on January 1, 2021.

     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; and
       (2) 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 may make bulk sales of the 
     coins issued under this Act at a reasonable discount.

     SEC. 7. FINANCIAL ASSURANCES.

       The Secretary of the Treasury shall take such actions as 
     may be necessary to ensure that the minting and issuing of 
     coins under the Act will not result in any net cost to the 
     United States Government.

                    Amendment Offered by Mr. Cleaver

  Mr. CLEAVER. Madam Speaker, I have an amendment at the desk.
  The SPEAKER pro tempore. The Clerk will report the amendment.
  The Clerk read as follows:

       Strike all after the enacting clause and insert the 
     following:

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``1921 Silver Dollar Coin 
     Anniversary Act''.

     SEC. 2. FINDINGS.

       The Congress finds that following:
       (1) In December 1921, the Peace silver dollar was approved 
     by Treasury Secretary Andrew Mellon, replacing the Morgan 
     silver dollar and commemorating the declaration of peace 
     between the United States and the Imperial German government.
       (2) The Peace silver dollar was minted in Philadelphia, 
     Denver and San Francisco. The Morgan silver dollar was minted 
     at Philadelphia, Denver, San Francisco, Carson City, and New 
     Orleans.
       (3) The Peace silver dollar was designed by Anthony de 
     Francisci with the Goddess of Liberty on the obverse and a 
     bald eagle clutching the olive branch (a symbol of peace) on 
     the reverse. The Peace silver dollars were minted between 
     1921 to 1935.
       (4) The Morgan silver dollar was designed by George T. 
     Morgan and was minted from 1878 to 1904, and again in 1921. 
     The obverse depicts a profile portrait of Lady Liberty and on 
     the reverse, a heraldic eagle.
       (5) The conversion from the Morgan silver dollar to the 
     Peace silver dollar design in 1921 reflected a pivotal moment 
     in American history. The Morgan silver dollar represents the 
     country's westward expansion and industrial development in 
     the late 19th century. The Peace silver dollar symbolizes the 
     country's coming of age as an international power while 
     recognizing the sacrifices made by her citizens in World War 
     I and celebrating the victory and peace that ensued.
       (6) These iconic silver dollars with vastly different 
     representations of Lady Liberty and the American Eagle, 
     reflect a changing of the guard in 1921 in the United States 
     and therefore on the 100th anniversary must begin to be 
     minted again to commemorate this significant evolution of 
     American freedom.

     SEC. 3. COIN SPECIFICATIONS.

       (a) $1 Silver Coins.--The Secretary of the Treasury 
     (hereafter in this Act referred to as the ``Secretary'') 
     shall mint and issue $1 coins in recognition of the 100th 
     anniversary of completion of coinage of the Morgan dollar and 
     the 100th anniversary of commencement of coinage of the Peace 
     dollar, each of which shall--
       (1) weigh 26.73 grams;
       (2) have a diameter of 1.500 inches;
       (3) contain not less than 90 percent silver; and
       (4) have a reeded edge.
       (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. DESIGN OF COINS.

       (a) Design Requirements.--
       (1) In general.--The designs of the coins minted under this 
     Act shall honor either the Morgan dollar or the Peace dollar, 
     as follows--
       (A) Morgan dollar.--The coins honoring the 100th 
     anniversary of completion of coinage of the Morgan dollar 
     shall have an obverse design and a reverse design that are 
     renditions of the designs historically used on the obverse 
     and reverse of the Morgan dollar.
       (B) Peace dollar.--The coins honoring the 100th anniversary 
     of commencement of coinage of the Peace dollar shall have an 
     obverse design and a reverse design that are renditions of 
     the designs historically used on the obverse and reverse of 
     the Peace dollar.
       (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 of minting or issuance; and
       (C) inscriptions of the words ``Liberty'', ``In God We 
     Trust'', ``United States of America'', and ``E Pluribus 
     Unum''.

[[Page H4712]]

       (b) Selection.--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.

     SEC. 5. ISSUANCE OF COINS.

       The Secretary may issue coins minted under this Act 
     beginning on January 1, 2021.

     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; and
       (2) 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 may make bulk sales of the 
     coins issued under this Act at a reasonable discount.

     SEC. 7. FINANCIAL ASSURANCES.

       The Secretary of the Treasury shall take such actions as 
     may be necessary to ensure that the minting and issuing of 
     coins under the Act will not result in any net cost to the 
     United States Government.

     SEC. 8. 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.

  Mr. CLEAVER (during the reading). Madam Speaker, I ask unanimous 
consent to dispense with the reading.
  The SPEAKER pro tempore. Is there objection to the request of the 
gentleman from Missouri?
  There was no objection.
  The amendment was agreed to.
  The bill was ordered to be engrossed and read a third time, was read 
the third time, and passed, and a motion to reconsider was laid on the 
table.

                          ____________________