[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 3070 Introduced in Senate (IS)]
110th CONGRESS
2d Session
S. 3070
To require the Secretary of the Treasury to mint coins in commemoration
of the centennial of the Boy Scouts of America, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
May 22, 2008
Mr. Sessions (for himself, Mr. Nelson of Nebraska, Mr. Enzi, Mr. Brown,
Mrs. Hutchison, Mr. Domenici, Mr. Bingaman, Mr. Wicker, Mr. Nelson of
Florida, Mr. Bunning, Mr. Inouye, Mr. Crapo, Ms. Murkowski, Mr.
Stevens, Mr. Cochran, Mr. Roberts, Mr. Barrasso, Mr. Alexander, Mr.
Isakson, Mr. Gregg, Mr. Smith, Mr. Martinez, Mr. Bennett, Mr. Inhofe,
Mr. Lugar, Mr. DeMint, Mr. Vitter, Mr. McCain, Mr. Corker, Mr. Hagel,
Mr. Chambliss, Mr. Voinovich, Mr. Allard, Mr. Burr, Mr. Craig, Mr.
Coleman, Mr. Warner, Mr. Coburn, Mr. Thune, Mr. McConnell, Mr. Cornyn,
Mrs. Dole, Mr. Brownback, and Mrs. Lincoln) introduced the following
bill; which was read twice and referred to the Committee on Banking,
Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To require the Secretary of the Treasury to mint coins in commemoration
of the centennial of the Boy Scouts of America, and for other purposes.
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 ``Boy Scouts of America Centennial
Commemorative Coin Act''.
SEC. 2. FINDINGS.
The Congress finds as follows:
(1) The Boy Scouts of America will celebrate its centennial
on February 8, 2010.
(2) The Boy Scouts of America is the largest youth
organization in the United States, with 3,000,000 youth members
and 1,000,000 adult leaders in the traditional programs of Cub
Scouts, Boy Scouts, and Venturing.
(3) Since 1910, more than 111,000,000 youth have
participated in Scouting's traditional programs.
(4) The Boy Scouts of America was granted a Federal charter
in 1916 by an Act of the 64th Congress which was signed into
law by President Woodrow Wilson.
(5) In the 110th Congress, 248 members of the House of
Representative and the Senate have participated in Boy Scouts
of America as Scouts or adult leaders.
(6) The mission of the Boy Scouts of America is ``to
prepare young people to make ethical and moral choices over
their lifetimes by instilling in them the values of the Scout
Oath and Law''.
(7) Every day across our Nation, Scouts and their leaders
pledge to live up the promise in the Scout Oath--``On my honor
I will do my best, To do my duty to God and my country and to
obey the Scout Law; To help other people at all times; To keep
myself physically strong, mentally awake, and morally
straight''--and the Scout Law, according to which a Scout is
``Trustworthy, Loyal, Helpful, Friendly, Courteous, Kind,
Obedient, Cheerful, Thrifty, Brave, Clean, and Reverent''.
(8) In the past 4 years alone, Scouting youth and their
leaders have volunteered more than 6,500,000 hours of service
to their communities through more than 75,000 service projects,
benefitting food banks, local schools, and civic organizations.
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 the
founding of the Boy Scouts of America, each of which shall--
(1) weigh 26.73 grams;
(2) have a diameter of 1.500 inches; 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 100 years of the largest youth
organization in United States, the Boy Scouts of America.
(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 ``2010''; 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
Chief Scout Executive of the Boy Scouts of America and the
Commission of Fine Arts; 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.--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 on or after February 8, 2010, and before January 1, 2011.
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 to the National Boy Scouts of
America Foundation, which funds will be made available to local
councils in the form of grants for the extension of Scouting in hard to
serve areas.
(c) Audits.--The Comptroller General of the United States shall
have the right to examine such books, records, documents, and other
data of the National Boy Scouts of America Foundation as may be related
to the expenditures of amounts paid under subsection (b).
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