To authorize the President to award a gold medal on behalf of the Congress to Peter F. Drucker, the father of modern management, in recognition of his accomplishments as a journalist, a writer, an economist, and a philosopher.

Summary: Authorizes the Secretary of the Treasury to strike and sell bronze duplicates. Requires deposit of sale proceeds in the United States Mint Public Enterprise Fund.

SECTION 1. FINDINGS.

    The Congress finds the following:
            (1) Professor Peter F. Drucker, the father of modern 
        management, is one of the most influential and widely read 
        philosophers and writers on modern organizations and 
        management.
            (2) Peter F. Drucker was born in Vienna, Austria, was 
        educated there and in England, earned a doctorate in public and 
        international law while working as a newspaper reporter in 
        Frankfurt, Germany, and then worked as an economist at an 
        international bank in London.
            (3) In 1937, Peter F. Drucker came to the United States and 
        published his first book, ``The End of Economic Man'', in 1939.
            (4) Peter F. Drucker's management books include--
                    (A) ``The Practice of Management'' (1954);
                    (B) ``The Effective Executive'' (1967);
                    (C) ``Management: Tasks, Responsibilities, 
                Practices'' (1974);
                    (D) ``Managing in Turbulent Times'' (1980);
                    (E) ``Innovation and Entrepreneurship'' (1985); and
                    (F) others that are international best sellers and 
                have been translated into more than 20 languages.
            (5) Peter F. Drucker has also written--
                    (A) an important analysis of economics, politics, 
                and society;
                    (B) an autobiography called Adventures of a 
                Bystander (1978);
                    (C) two novels; and
                    (D) several volumes of essays.
            (6) Peter F. Drucker has been a frequent contributor to 
        various magazines and journals over the years and is an 
        editorial columnist for The Wall Street Journal.
            (7) Peter F. Drucker's latest book, Managing the Non-Profit 
        Organization, was published in November 1990.
            (8) Over the course of six decades, Drucker has become the 
        most sought-after advisor to the chief executive officers of 
        major corporations.
            (9) Peter F. Drucker invented the term ``management by 
        objectives'' and helped develop objective measures for pay and 
        promotion.
            (10) Peter F. Drucker identified the importance of the 
        ``knowledge worker''--the elite of the white-collar workforce--
        earlier than almost anyone else.
            (11) Peter F. Drucker began as a professor of politics and 
        philosophy at Bennington College.
            (12) For more than 20 years, Peter F. Drucker was a 
        professor of management at the former Graduate Business School 
        of New York University.
            (13) Since 1979, Peter F. Drucker has been Marie Rankin 
        Clarke Professor of Social Science and Management at the Peter 
        F. Drucker Graduate School of Management of the Claremont 
        Graduate University in Claremont, California.
            (14) Peter F. Drucker's distinguished career has helped to 
        revolutionize management both in theory and in practice.
            (15) Peter F. Drucker's ability to grasp new ideas was 
        crystallized in the role he played helping General Electric's 
        jet engine division revolutionize the commercial aircraft 
        business, helping General Electric's jet-engine executives, 
        ``all of whom were technically oriented, most of whom came out 
        of the military, understand the value system of potential 
        customers.''
            (16) Peter F. Drucker's contributions to the world of 
        management have revolutionized the techniques modern businesses 
        are using to move ahead as well as strengthened the foundations 
        on which those businesses are built.

SEC. 2. CONGRESSIONAL GOLD MEDAL.

    (a) Presentation Authorized.--The President is authorized to 
present, on behalf of the Congress, a gold medal of appropriate design 
to Peter F. Drucker, in recognition of his accomplishments as a 
journalist, a writer, an economist, and a philosopher.
    (b) Design and Striking.--For the purpose of the presentation 
referred to in subsection (a), the Secretary of the Treasury 
(hereinafter in this Act referred to as the ``Secretary'') shall strike 
a gold medal with suitable emblems, devices, and inscriptions, to be 
determined by the Secretary.

SEC. 3. DUPLICATE MEDALS.

    Under such regulations as the Secretary may prescribe, the 
Secretary may strike and sell duplicates in bronze of the gold medal 
struck under section 2 at a price sufficient to cover the costs of the 
bronze medals (including labor, materials, dies, use of machinery, and 
overhead expenses) and the cost of the gold medal.

SEC. 4. NATIONAL MEDALS.

    The medals struck under this Act are national medals for purposes 
of chapter 51 of title 31, United States Code.

SEC. 5. FUNDING AND PROCEEDS OF SALE.

    (a) Authorization.--There is hereby authorized to be charged 
against the United States Mint Public Enterprise Fund an amount not to 
exceed $30,000 to pay for the cost of the medals authorized by this 
Act.
    (b) Proceeds of Sale.--Amounts received from the sale of duplicate 
bronze medals under section 3 shall be deposited in the United States 
Mint Public Enterprise Fund.