To provide for the issuance of a semipostal to benefit the Peace Corps.

February 2, 2005

Ms. LEE introduced the following bill; which was referred to the Committee on Government Reform, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

To provide for the issuance of a semipostal to benefit the Peace Corps.

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 `Peace Stamp for the Peace Corps Act'.

SEC. 2. PEACE CORPS STAMP.

(a) IN GENERAL- The United States Postal Service shall, for a 2-year period beginning no later than 12 months after the date of the enactment of this Act, issue a semipostal to benefit the Peace Corps.

(b) REQUIREMENTS AND AUTHORITIES- The issuance of such semipostal and the disposition of the amounts becoming available from the issuance of such semipostal shall be governed by section 416 of title 39, United States Code, subject to the following:

(1) The differential included in the rate of postage established for such semipostal under section 416(c) of such title may not exceed 25 percent.

(2) The Peace Corps shall be the sole agency to which any amounts becoming available from the sale of such semipostal may be transferred under section 416(d)(1) of such title.

(c) SEMIPOSTAL DEFINED- For purposes of this section, the term `semipostal' has the meaning given such term by section 416(a)(1) of such title.

END