[Congressional Record Volume 166, Number 194 (Monday, November 16, 2020)]
[Senate]
[Page S6983]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 2687. Mr. CORNYN (for Mr. Schumer) proposed an amendment to the
bill H.R. 1830, to require the Secretary of the Treasury to mint coins
in commemoration of the National Purple Heart Hall of Honor; as
follows:
Strike all after the enacting clause and insert the
following:
SECTION 1. SHORT TITLE.
This Act may be cited as the ``National Purple Heart Hall
of Honor Commemorative Coin Act''.
SEC. 2. FINDINGS.
The Congress finds the following:
(1) The National Purple Heart Hall of Honor's mission is--
(A) to commemorate the extraordinary sacrifice of America's
servicemen and servicewomen who were killed or wounded by
enemy action; and
(B) to collect and preserve the stories of Purple Heart
recipients from all branches of service and across
generations to ensure that all recipients are represented.
(2) The National Purple Heart Hall of Honor first opened
its doors on November 10, 2006, in New Windsor, NY.
(3) The National Purple Heart Hall of Honor is co-located
with the New Windsor Cantonment State Historic Site.
(4) The National Purple Heart Hall of Honor is the first to
recognize the estimated 1.8 million U.S. servicemembers
wounded or killed in action representing recipients from the
Civil War to the present day, serving as a living memorial to
their sacrifice by sharing their stories through interviews,
exhibits and the Roll of Honor, an interactive computer
database of each recipient enrolled.
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 90 percent gold and 10 percent alloy.
(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 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) Designs Requirements.--
(1) In general.--The designs of the coins minted under this
Act shall be emblematic of the National Purple Heart Hall of
Honor.
(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 ``2022''; 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 the National Purple Heart Hall of
Honor, Inc.; 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.--
(1) In general.--Only 1 facility of the United States Mint
may be used to strike any particular quality of the coins
minted under this Act.
(2) Use of the united states mint at west point, new
york.--It is the sense of Congress that the coins minted
under this Act should be struck at the United States Mint at
West Point, New York, to the greatest extent possible.
(c) Period for Issuance.--The Secretary may issue coins
minted under this Act only during the 1-year period beginning
on January 1, 2022.
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)(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 National Purple
Heart Hall of Honor, Inc., to support the mission of the
National Purple Heart Hall of Honor, Inc., including capital
improvements to the National Purple Heart Hall of Honor
facilities.
(c) Audits.--The National Purple Heart Hall of Honor, Inc.,
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 any recipient designated in section 7(b) 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.
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