Congressional Record, Volume 166 Issue 164 (Tuesday, September 22, 2020)

[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.

SEC. 3. COIN SPECIFICATIONS.

SEC. 4. DESIGN OF COINS.

[[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.

SEC. 7. FINANCIAL ASSURANCES.

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.

____________________