    [United States Statutes at Large, Volume 128, 113th Congress, 2nd Session]
    [From the U.S. Government Publishing Office, www.gpo.gov]

    Public Law 113-212
    113th Congress

    An Act

    To require the Secretary of the Treasury to mint coins in commemoration
    of the centennial of World War I. <>

    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 ``World War I American Veterans
    Centennial Commemorative Coin Act''.
    SEC. 2. FINDINGS; PURPOSE.

    (a) Findings.--The Congress finds the following:
    (1) The year 2018 is the 100th anniversary of the signing of
    the armistice with Germany ending World War I battlefield
    hostilities.
    (2) On the 6th of April 1917, the United States of America
    entered World War I by declaring war against Germany.
    (3) Two million American soldiers served overseas during
    World War I.
    (4) More than four million men and women from the United
    States served in uniform during World War I.
    (5) The events of 1914 through 1918 shaped the world and the
    lives of millions of people for decades.
    (6) Over 9 million soldiers worldwide lost their lives
    between 1914 and 1918.
    (7) The centennial of America's involvement in World War I
    offers an opportunity for people in the United States to
    commemorate the commitment of their predecessors.
    (8) Frank Buckles, the last American veteran from World War
    I died on February 27, 2011.
    (9) He was our last direct American link to the ``war to end
    all wars''.
    (10) While other great conflicts, including the Civil War,
    World War II, the Korean War, and the Vietnam War, have all been
    memorialized on United States commemorative coins, there
    currently exists no coin to honor the brave veterans of World
    War I.
    (11) The 112th Congress established the World War I
    Centennial Commission to plan, develop, and execute programs,
    projects, and activities to commemorate the centennial of World
    War I.

    (b) Purpose.--The purpose of this Act is to--
    (1) commemorate the centennial of America's involvement in
    World War I; and

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    (2) honor the over 4 million men and women from the United
    States who served during World War I.
    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 not more
    than 350,000 $1 coins in commemoration of the centennial of America's
    involvement in World War I, each of which shall--
    (1) weigh 26.73 grams;
    (2) have a diameter of 1.500 inches (38.1 millimeters); and
    (3) contain 90 percent silver and 10 percent copper.

    (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 design of the coins minted under this
    Act shall be emblematic of the centennial of America's
    involvement in World War I.
    (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 ``2018''; 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 selected by the Secretary based on the winning design from a juried,
    compensated design competition described under subsection (c).
    (c) Design Competition.--The Secretary shall hold a competition and
    provide compensation for its winner to design the obverse and reverse of
    the coins minted under this Act. The competition shall be held in the
    following manner:
    (1) The competition shall be judged by an expert jury
    chaired by the Secretary and consisting of 3 members from the
    Citizens Coinage Advisory Committee who shall be elected by such
    Committee and 3 members from the Commission of Fine Arts who
    shall be elected by such Commission.
    (2) The Secretary shall determine compensation for the
    winning design, which shall be not less than $5,000.
    (3) The Secretary may not accept a design for the
    competition unless a plaster model accompanies the design.
    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.--Only one 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 under this
    Act only during the calendar year beginning on January 1, 2018.

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    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 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 $10 per coin.
    (b) Distribution.--Subject to section 5134(f) of title 31, United
    States Code, all surcharges received by the Secretary from the sale of
    coins issued under this Act shall be paid by the Secretary to the United
    States Foundation for the Commemoration of the World Wars, to assist the
    World War I Centennial Commission in commemorating the centenary of
    World War I.
    (c) Audits.--The Comptroller General of the United States shall have
    the right to examine such books, records, documents, and other data of
    the United States Foundation for the Commemoration of the World Wars as
    may be related to the expenditures of amounts paid 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. The Secretary 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 will not result
    in any net cost to the United States Government; and
    (2) no funds, including applicable surcharges, shall be
    disbursed to any recipient designated in section 7 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

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    the United States Treasury, consistent with sections 5112(m) and
    5134(f) of title 31, United States Code.

    Approved December 16, 2014.

    LEGISLATIVE HISTORY--H.R. 2366:
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    CONGRESSIONAL RECORD, Vol. 160 (2014):
    Dec. 2, considered and passed House.
    Dec. 4, considered and passed Senate.