HR 634
5-15-07, Bill Passed House 416-0
Referred to Senate Committee on Banking,
Housing & Urban Affairs
110th CONGRESS
1st Session
H. R. 634
IN THE SENATE OF THE UNITED STATES
May 16, 2007
Received; read twice and referred to the Committee on Banking, Housing, and
Urban Affairs
AN ACT
To require the Secretary of the Treasury to mint coins in commemoration
of veterans who became disabled for life while serving in the Armed Forces
of the United States.
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 `American Veterans Disabled for Life Commemorative
Coin Act'.
SEC. 2. FINDINGS.
The Congress finds as follows:
(1) The Armed Forces of the United States have answered the call and served
with distinction around the world--from hitting the beaches in World War
II in the Pacific and Europe, to the cold and difficult terrain in Korea,
the steamy jungles of Vietnam, and the desert sands of the Middle East.
(2) All Americans should commemorate those who come home having survived
the ordeal of war, and solemnly honor those who made the ultimate sacrifice
in giving their lives for their country.
(3) All Americans should honor the millions of living disabled veterans
who carry the scars of war every day, and who have made enormous personal
sacrifices defending the principles of our democracy.
(4) In 2000, Congress authorized the construction of the American Veterans
Disabled for Life Memorial.
(5) The United States should pay tribute to the Nation's living disabled
veterans by minting and issuing a commemorative silver dollar coin.
(6) The surcharge proceeds from the sale of a commemorative coin would raise
valuable funding for the construction of the American Veterans Disabled
for Life Memorial.
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 disabled American veterans, each of which shall--
(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.
(1) IN GENERAL- The design of the coins minted under this Act shall be emblematic
of the design selected by the Disabled Veterans' LIFE Memorial Foundation
for the American Veterans Disabled for Life Memorial.
(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 Disabled Veterans'
LIFE Memorial Foundation 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.
(1) IN GENERAL- Only 1 facility of the United States Mint may be used to
strike any particular quality of the coins minted under this Act.
(2) USE OF THE UNITED STATES MINT AT WEST POINT, NEW YORK- It is the sense
of the Congress that the coins minted under this Act should be struck at
the United States Mint at West Point, New York, to the greatest extent possible.
(c) Period for Issuance- The Secretary may issue coins under this Act only
during the calendar year beginning on January 1, 2010.
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.
(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 Disabled Veterans' LIFE Memorial Foundation
for the purpose of establishing an endowment to support the construction of
American Veterans' Disabled for Life Memorial in Washington, D.C.
(c) Audits- The Comptroller General of the United States shall have the right
to examine such books, records, documents, and other data of the Disabled
Veterans' LIFE Memorial Foundation 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 (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.
Passed the House of Representatives May 15, 2007.
Attest:
LORRAINE C. MILLER,
Clerk.
END
