109th CONGRESS
1st Session
S. 863
AN ACT
To require the Secretary of the Treasury to mint coins in commemoration
of the centenary of the bestowal of the Nobel Peace Prize on President Theodore
Roosevelt, 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 `Theodore Roosevelt Commemorative Coin Act'.
SEC. 2. FINDINGS.
(1) Theodore Roosevelt, one of America's greatest Presidents, was born
on October 27, 1858, in New York City, New York;
(2) at the young age of 23, Theodore Roosevelt was elected to the first
of 3 terms as a representative in the New York State Assembly (1882-1884);
(3) President William Harrison appointed Theodore Roosevelt as the United
States Civil Service Commissioner in 1889, a post he held until 1895,
serving 2 successive Presidents;
(4) from 1895 to 1897, Theodore Roosevelt served as Commissioner of the
New York City Police Department;
(5) while serving as Assistant Secretary of the Navy under President William
McKinley in 1897 and 1898, Theodore Roosevelt organized the First United
States Volunteer Cavalry Regiment, popularly known as the `Rough Riders',
and served as Colonel of this regiment during the Spanish-American War;
(6) from 1898 to 1900, Theodore Roosevelt served as Governor of New York;
(7) in 1900, upon the reelection of President McKinley, Theodore Roosevelt
was elected as the 25th Vice-President of the United States;
(8) as the 26th President of the United States beginning in 1901, Theodore
Roosevelt took a very active role in foreign affairs, establishing the
United States as a new world power, and instituting broad reforms at home,
particularly with respect to labor, monopolies, and conservation, until
the end of his presidency in 1909;
(9) Theodore Roosevelt's commitment to conservation stemmed from his experiences
as a rancher in the badlands of North Dakota from 1883 to 1886 and earned
him the title of the `Conservationist President' for his efforts in establishing
51 Bird Reserves, 4 Game Preserves, 150 National Forests, 5 National Parks,
and 18 National Monuments, totaling nearly 230,000,000 acres of land placed
under public protection during his presidency;
(10) on January 16, 2001, Theodore Roosevelt was posthumously awarded
the Congressional Medal of Honor for leading a charge up the San Juan
Heights in Cuba during the Spanish-American War, shortly before the war
ended, thereby becoming the first President of the United States to be
awarded the Congressional Medal of Honor; and
(11) 2006 marks the 100th anniversary of Theodore Roosevelt being awarded
the Nobel Peace Prize, the first citizen of the United States to receive
such prize, for negotiating the 1905 peace treaty ending the Russo-Japanese
War.
SEC. 3. COIN SPECIFICATIONS.
(a) Denominations- The Secretary of the Treasury (referred to in this Act
as the `Secretary') shall mint and issue the following coins:
(1) $1 SILVER COINS WITH ROUGH RIDER DESIGN- Not more than 500,000 $1
coins bearing the designs specified in section 4(a)(2), each of which
shall--
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 percent copper.
(2) $1 SILVER COINS WITH ADVENTURER DESIGN- Not more than 500,000 $1 coins
bearing the designs specified in section 4(a)(3), each of which shall--
(B) have a diameter of 1.500 inches; and
(C) 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.
(d) Use of the United States Mint at West Point, New York- It is the sense
of 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.
SEC. 4. DESIGN OF COINS.
(1) IN GENERAL- The design of the coins minted under this Act shall--
(A) be emblematic of the life and legacy of President Theodore Roosevelt;
and
(B) use the designs of James Earle Fraser or Augustus Saint-Gaudens,
2 sculptors most closely associated with the revitalization of the United
States coinage, commonly referred to as the `Golden Age of American
Coin Design', that was initiated by President Theodore Roosevelt.
(2) $1 COINS WITH ROUGH RIDER DESIGN-
(A) OBVERSE- The obverse of the coins minted under section 3(a)(1) shall
bear the image of Theodore Roosevelt as a Rough Rider that was used
on the James Earle Fraser medal of 1920.
(B) REVERSE- The reverse of the coins minted under section 3(a)(1) shall
bear the eagle design, with motto, from the $20 gold `double eagle'
coin produced between 1907 and 1933 and designed by Augustus Saint-Gaudens.
(3) $1 COINS WITH ADVENTURER DESIGN-
(A) OBVERSE- The obverse of the coins minted under section 3(a)(2) shall
bear the image of Theodore Roosevelt on horseback, based on James Earle
Fraser's monumental 16-foot high bronze equestrian figure of Roosevelt
that--
(i) stands at the east front of the American Museum of Natural History
in New York City; and
(ii) recognizes Roosevelt's lifelong activity as a naturalist and
conservationist and emphasizes him as an adventurer, outdoorsman,
and hunter.
(B) REVERSE- The reverse of the coins minted under section 3(a)(2) shall
bear the design based on the reverse designs by James Earle Fraser used
on the Roosevelt Memorial Association Medal of Honor and the Association's
Founders Medal that--
(i) depict the crusader's flaming sword of righteousness and evoke
the `Big Stick' philosophy espoused by President Roosevelt; and
(ii) to the left and right of the flaming sword in 4 lines bear the
quotation `If I Must Choose Between Righteousness and Peace, I Choose
Righteousness' from Roosevelt's historical work, `Unwise Peace Treaties'.
(4) DESIGNATION AND INSCRIPTIONS- Each coin minted under this Act shall
bear--
(A) a designation of the value of the coin;
(B) an inscription of the year `2006'; 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
(1) selected by the Secretary, after consultation with the Commission
of Fine Arts; and
(2) reviewed by the Citizens Coinage Advisory Committee established under
section 5135 of title 31, United States Code.
SEC. 5. ISSUANCE OF COINS.
(a) Quality of Coins- Coins minted under this Act shall be issued in uncirculated
and proof qualities.
(b) Commencement of Issuance- The Secretary may issue coins minted under
this Act beginning January 1, 2006, except that the Secretary may initiate
sales of such coins, without issuance, before such date.
(c) Termination of Minting Authority- No coins shall be minted under this
Act after December 31, 2006.
SEC. 6. SALE OF COINS.
(a) Sale Price- The coins minted 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 under section 7(a); and
(3) the cost of designing and issuing such 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 minted
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.
(d) Sales of Single Coins and Sets of Coins- Coins of each design specified
under section 4 may be sold separately or as a set containing a coin of
each such design.
SEC. 7. SURCHARGES.
(a) Surcharge Required- All sales of coins minted under this Act shall include
a surcharge of $10 per coin.
(b) Distribution of Surcharges- Subject to section 5134(f) of title 31,
United States Code, and in accordance with subsection (c) of this section,
all surcharges received by the Secretary from the sale of coins minted under
this Act shall be promptly paid by the Secretary to--
(1) the Theodore Roosevelt Association, to be used exclusively--
(A) for educational programs at Sagamore Hill National Historic Site,
including construction and maintenance of a visitor's center; and
(B) to the extent that funds remain available, in the discretion of
the Theodore Roosevelt Association, for the support of other curatorial
activities that preserve and enhance collections maintained by institutions
of higher learning dedicated to the study and memory of Theodore Roosevelt;
and
(2) the Theodore Roosevelt Medora Foundation, to be used exclusively--
(A) for educational programs at and around the Theodore Roosevelt National
Park, including construction of the Theodore Roosevelt Badlands Institute
in the badlands of North Dakota; and
(B) to the extent that funds remain available, in the discretion of
the Theodore Roosevelt Medora Foundation, for the support of other curatorial
activities that preserve and enhance collections maintained by institutions
of higher learning dedicated to the study and memory of Theodore Roosevelt.
(c) Distribution of Amounts- With respect to surcharges received under this
section--
(1) 70 percent of any such surcharges received shall be paid to the Theodore
Roosevelt Association; and
(2) 30 percent any such surcharges received shall be paid to the Theodore
Roosevelt Medora Foundation.
(d) Audits- The Theodore Roosevelt Association and the Theodore Roosevelt
Medora Foundation shall be subject to the audit requirements under section
5134(f)(2) of title 31, United States Code.
SEC. 8. CONTINUED ISSUANCE OF 5-CENT COINS MINTED IN 2004 AND 2005.
Notwithstanding the fifth sentence of section 5112(d)(1) of title 31, United
States Code, the Secretary of the Treasury may continue to issue, after
December 31, 2005, numismatic items that contain 5-cent coins minted in
the years 2004 and 2005.
SEC. 9. LEWIS AND CLARK COIN AMENDMENTS.
Section 308 of the Lewis and Clark Expedition Bicentennial Commemorative
Coin Act (31 U.S.C. 5112 note) is amended--
(1) in subsection (a), by striking `Secretary as:' and all that follows
through the end of the subsection and inserting the following: `Secretary
for expenditure on activities associated with commemorating the bicentennial
of the Lewis and Clark Expedition, as follows:
`(1) NATIONAL COUNCIL OF THE LEWIS AND CLARK BICENTENNIAL- One-half to
the National Council of the Lewis and Clark Bicentennial.
`(2) MISSOURI HISTORICAL SOCIETY- One-half to the Missouri Historical
Society.';
(2) by redesignating subsection (b) as subsection (c); and
(3) by inserting after subsection (a) the following:
`(b) Transfer of Unexpended Funds- Any proceeds referred to in subsection
(a) that were dispersed by the Secretary and remain unexpended by the National
Council of the Lewis and Clark Bicentennial or the Missouri Historical Society
as of June 30, 2007, shall be transferred to the Lewis and Clark Trail Heritage
Foundation for the purpose of establishing a trust for the stewardship of
the Lewis and Clark National Historic Trail.'.
Passed the Senate December 16, 2005.
Attest:
Secretary.
109th CONGRESS
1st Session
S. 863
AN ACT
To require the Secretary of the Treasury to mint coins in commemoration
of the centenary of the bestowal of the Nobel Peace Prize on President Theodore
Roosevelt, and for other purposes.
END
