    [United States Statutes at Large, Volume 132, 115th Congress, 2nd Session]
    [From the U.S. Government Publishing Office, www.gpo.gov]

    Public Law 115-343
    115th Congress

    An Act

    To require the Secretary of the Treasury to mint coins in recognition of
    the 60th Anniversary of the Naismith Memorial Basketball Hall of
    Fame. <>

    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 ``Naismith Memorial Basketball Hall of
    Fame Commemorative Coin Act''.
    SEC. 2. FINDINGS.

    The Congress finds the following:
    (1) On December 21, 1891, a young physical education
    instructor named James Naismith, introduced the game of ``basket
    ball'' to his physical education class, in Springfield,
    Massachusetts.
    (2) In 1959, the Naismith Memorial Basketball Hall of Fame
    was founded and dedicated to the game's creator Dr. James
    Naismith, in Springfield, MA, ``The Birthplace of Basketball''
    and became the first and only museum to honor the game at all
    levels around the world.
    (3) The Naismith Memorial Basketball Hall of Fame honors
    players who have achieved greatness, exemplary coaches, referees
    and other major contributors to the sport of basketball. The
    Inaugural Hall of Fame Class of 1959 had seventeen honorees who
    were inducted, including Dr. James Naismith, George Mikan,
    Forrest C. Allen, Angelo Luisetti, Original Celtics and First
    Team.
    (4) The Naismith Memorial Basketball Hall of Fame is
    recognized throughout the world as the premier institution
    entrusted with recording and disseminating the history of the
    game of basketball and recognizing and honoring the achievements
    of its greatest players, coaches, and contributors.
    (5) The Naismith Memorial Basketball Hall of Fame provides
    an entertaining, enriching experience and is known for its
    educational outreach programs and celebrates and promotes
    positive core values demonstrated by basketball's hallowed
    heroes and its founder.
    (6) Basketball is one of America's national treasures, with
    its fast pace which reflects the freedom of expression and the
    modern experience of life in the 21st century.
    (7) Since its opening in 1959, the Naismith Memorial
    Basketball Hall of Fame is home to the largest collection of
    basketball memorabilia in the world, including more than

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    30,000 three-dimensional objects, 800,000 photographs, and 1.5
    million documents.
    (8) The Naismith Memorial Basketball Hall of Fame welcomes
    more than 6 million visitors interested in discovering the rich
    history of the game through its stories, its personalities, and
    its most celebrated moments.
    (9) The Naismith Memorial Basketball Hall of Fame reaches
    over 7 million Americans through its educational programs,
    events, exhibits, social media, and its interactive website.
    (10) The Naismith Memorial Basketball Hall of Fame's
    customized educational programs use basketball to teach young
    students around the world the important lessons on a variety of
    topics including: financial literacy, mathematics, civil rights,
    leadership of character, women's and men's history, and
    geography.
    (11) The Naismith Memorial Basketball Hall of Fame will lead
    the celebration of the 60th Anniversary of Basketball and will
    partner with a select group of constituents including the
    National Basketball Association, the National Collegiate
    Athletic Association, and USA Basketball in commemorating the
    game throughout the 2019-2020 basketball season.
    SEC. 3. COIN SPECIFICATIONS.

    (a) Denominations.--In recognition and celebration of the Naismith
    Memorial Basketball Hall of Fame, 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) be struck on a planchet having 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) be struck on a planchet having 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) be struck on a planchet having 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 sections 5134 and 5136 of
    title 31, United States Code, all coins minted under this Act shall be
    considered to be numismatic items.
    (d) Dome Shape.--The coins minted under this Act shall be in the
    shape of a dome.

    [[Page 5045]]

    SEC. 4. DESIGN OF COINS.

    (a) In General.--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.

    (b) Designations and Inscriptions.--On each coin minted under this
    Act there shall be--
    (1) a designation of the value of the coin;
    (2) an inscription of the year ``2020''; and
    (3) inscriptions of the words ``Liberty'', ``In God We
    Trust'', ``United States of America'', and ``E Pluribus Unum''.

    (c) Selection and Approval Process for Obverse Design.--
    (1) <>  In general.--The Secretary
    shall hold a competition to determine the design of the common
    obverse of the coins minted under this Act, with such design
    being emblematic of the game of basketball.
    (2) Selection and approval.--Proposals for the design of
    coins minted under this Act may be submitted in accordance with
    the design selection and approval process developed by the
    Secretary in the sole discretion of the Secretary.
    (3) Proposals.--As part of the competition described in this
    subsection, the Secretary may accept proposals from artists,
    engravers and other employees of the United States Mint, other
    Government employees, and members of the general public.
    (4) <>  Compensation.--The Secretary
    shall determine compensation for the winning design under this
    subsection, which shall be not less than $5,000. The Secretary
    shall take into account this compensation amount when
    determining the sale price described in section 6(a).

    (d) Reverse Design.--The design on the common reverse of the coins
    minted under this Act shall depict a basketball.
    SEC. 5. ISSUANCE OF COINS.

    (a) Quality of Coins.--Coins minted under this Act shall be issued
    in uncirculated and proof qualities.
    (b) <>  Period for Issuance.--The Secretary
    may issue coins minted under this Act only during the 1-year period
    beginning on January 1, 2020.
    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, winning design
    compensation, 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.

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    (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 minted under this Act shall
    include a surcharge as follows:
    (1) A surcharge of $35 per coin for the $5 coin.
    (2) A surcharge of $10 per coin for the $1 coin.
    (3) A surcharge of $5 per coin for the half-dollar 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 promptly paid by the Secretary to
    the Naismith Memorial Basketball Hall of Fame to fund an endowment that
    will enable increased operations and educational programming of the
    Naismith Memorial Basketball Hall of Fame.
    (c) Audits.--The Naismith Memorial Basketball Hall of Fame 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 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.

    Approved December 21, 2018.

    LEGISLATIVE HISTORY--H.R. 1235:
    ---------------------------------------------------------------------------

    CONGRESSIONAL RECORD:
    Vol. 163 (2017):
    Sept. 25, considered and passed
    House.
    Vol. 164 (2018):
    Dec. 18, considered and passed
    Senate.