[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1697 Introduced in House (IH)]
103d CONGRESS
1st Session
H. R. 1697
To require the Secretary of the Treasury to mint coins in commemoration
of the Women in Military Service for America Memorial.
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IN THE HOUSE OF REPRESENTATIVES
April 5, 1993
Mr. Montgomery (for himself and Mr. Gonzalez) introduced the following
bill; which was referred to the Committee on Banking, Finance and Urban
Affairs
_______________________________________________________________________
A BILL
To require the Secretary of the Treasury to mint coins in commemoration
of the Women in Military Service for America Memorial.
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 ``Women in Military Service for
America Memorial Commemorative Coin Act''.
SEC. 2. COIN SPECIFICATIONS.
(a) Five Dollar Gold Coins.--
(1) Issuance.--The Secretary of the Treasury (hereafter in
this Act referred to as the ``Secretary'') shall issue not more
than 50,000 $5 gold coins each of which shall weigh 8.359
grams, have a diameter of 0.850 inches, and be composed of 90
percent gold and 10 percent alloy.
(2) Design.--The design of the coins issued under paragraph
(1) shall be symbolic of women's service in the Armed Forces of
the United States. On each such coin there shall be a
designation of the value of the coin, an inscription of the
year ``1993'', and inscriptions of the words ``Liberty'', ``In
God We Trust'', ``United States of America'', and ``E Pluribus
Unum''.
(b) One Dollar Silver Coins.--
(1) Issuance.--The Secretary shall issue not more than
500,000 $1 silver coins, each of which shall weigh 26.73 grams,
have a diameter of 1.500 inches, and be composed of 90 percent
silver and 10 percent copper.
(2) Design.--The design of the coins issued under paragraph
(1) shall be symbolic of women's service in the Armed Forces of
the United States. On each such coin there shall be a
designation of the value of the coin, an inscription of the
year ``1993'', and inscriptions of the words ``Liberty'', ``In
God We Trust'', ``United States of America'', and ``E Pluribus
Unum''.
(c) Legal Tender.--The coins issued under this Act shall be legal
tender as provided in section 5103 of title 31, United States Code.
(d) Numismatic Items.--The coins issued under this Act shall be
numismatic items for purposes of section 5134 of title 31, United
States Code.
SEC. 3. SOURCES OF BULLION.
(a) Gold.--The Secretary shall obtain gold for minting coins under
this Act pursuant to the authority of the Secretary under existing law.
(b) Silver.--The Secretary shall obtain silver for the coins minted
under this Act from stockpiles established under the Strategic and
Critical Minerals Stock Piling Act.
SEC. 4. SELECTION OF DESIGN.
(a) In General.--The design for the coins authorized by this Act
shall be selected by the Secretary after consultation with the
Commission of Fine Arts and the Women in Military Service for America
Memorial Foundation, Incorporated.
(b) Review by Citizens Commemorative Design Committee.--The design
for the coins authorized by this Act shall be reviewed by the Citizens
Commemorative Advisory Committee in accordance with section 5135 of
title 31, United States Code.
SEC. 5. ISSUANCE OF THE COINS.
(a) Period for Issuance.--The Secretary may issue coins minted
under this Act during the period beginning on November 1, 1993, and
ending on December 31, 1994.
(b) Quality of Coins.--The coins minted under this Act shall be
issued in uncirculated and proof qualities.
(c) Mint Facility.--Not more than 1 facility of the United States
Mint may be used to strike any particular combination of denomination
and quality of the coins minted under this Act.
SEC. 6. SALE OF COINS.
(a) Sales Price.--The coins issued under this Act shall be sold by
the Secretary at a price not less than the sum of the face value of the
coins, the surcharge provided in subsection (c) with respect to such
coins, and the cost of designing and issuing the coins (including
labor, materials, dies, use of machinery, overhead expenses, marketing,
and shipping).
(b) Prepaid Orders at a Discount.--The Secretary shall accept
prepaid orders for the coins prior to the issuance of such coins. Sales
under this subsection shall be at a reasonable discount.
(c) Surcharge Required.--All sales shall include a surcharge of $40
per coin for the $5 coins and $11 per coin for the $1 coins.
SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULATIONS.
(a) In General.--No provision of law governing procurement or
public contracts shall be applicable to the procurement of goods or
services necessary for carrying out the provisions of this Act.
(b) Equal Employment Opportunity.--Subsection (a) shall not relieve
any person entering into a contract under the authority of this Act
from complying with any law relating to equal employment opportunity.
SEC. 8. DISTRIBUTION OF SURCHARGES.
The total surcharges received by the Secretary from the sale of the
coins issued under this Act shall be promptly paid by the Secretary to
the Women in Military Service for America Memorial Foundation, Inc.,
for the purpose of creating, endowing, and dedicating the Women in
Military Service for America Memorial.
SEC. 9. AUDITS.
The Comptroller General shall have the right to examine such books,
records, documents, and other data of the Women in Military Service for
America Memorial Foundation, Inc., as may be related to the expenditure
of amounts paid under section 8.
SEC. 10. FINANCIAL ASSURANCES.
(a) No Net Cost to the Government.--The Secretary shall take such
actions as may be necessary to ensure that the minting and issuance of
the coins referred to in section 2 will not result in any net cost to
the Federal Government.
(b) Payment for Issuance of Coins.--No coin shall be issued under
this Act unless the Secretary has received--
(1) full payment for such coin;
(2) security satisfactory to the Secretary to indemnify the
United States for full payment for such coin; or
(3) a guarantee of full payment satisfactory to the
Secretary from a depository institution whose deposits are
insured by the Federal Deposit Insurance Corporation or the
National Credit Union Administration.
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