American Innovation $1 Coin Act

Summary: American Innovation $1 Coin Act (Sec. 2) This bill directs the Department of the Treasury, over a 14-year period beginning in 2019, to mint and issue "American Innovation" $1 coins commemorating innovation and innovators from each state, each U.S. territory, and the District of Columbia.  Such coins shall be issued in the order in which the states ratified the Constitution or were admitted into the Union. After all such coins are issued, coins shall be issued for the District of Columbia and the territories.  Treasury shall issue four coins per year until a coin has been issued for each jurisdiction.  Neither the bust of any person nor the portrait of any living person may be included in the design of the coins. The bill instructs Interior to continue to mint and issue $1 coins honoring Native Americans and their contributions. 

SECTION 1. SHORT TITLE.
    This Act may be cited as the ``American Innovation $1 Coin Act''.
SEC. 2. AMERICAN INNOVATION $1 COIN PROGRAM.
    Section 5112 of title 31, United States Code, is amended by 
inserting after subsection (v) the following new subsection:
    ``(w) Redesign and Issuance of $1 Coins Honoring Innovation and 
Innovators From Each State, the District of Columbia, and Each 
Territory.--
        ``(1) Redesign beginning in 2019.--
            ``(A) In general.--Notwithstanding subsection (d)(1) and 
        subsection (d)(2) and in accordance with the provisions of this 
        subsection, during the 14-year period beginning on January 1, 
        2019 (or such later date as provided under subparagraph 
        (B)(ii)), the Secretary of the Treasury shall mint and issue $1 
        coins to be known as `American Innovation $1 coins', that--
                ``(i) have designs on the obverse selected in 
            accordance with paragraph (2)(A); and
                ``(ii) have a design on the reverse selected in 
            accordance with paragraph (2)(B).
            ``(B) Continuity provisions.--
                ``(i) In general.--Notwithstanding subparagraph (A), 
            the Secretary shall continue to mint and issue $1 coins 
            honoring Native Americans and their contributions in 
            accordance with subsection (r).
                ``(ii) First coin.--Notwithstanding subparagraph (A), 
            if the Secretary finds that it is feasible and cost-
            effective, the Secretary may mint and issue a $1 coin in 
            2018 to introduce the series of coins described in this 
            subsection, that--

                    ``(I) has the obverse described under paragraph 
                (2)(A);
                    ``(II) has a reverse that bears the inscription 
                `United States of America' and `American Innovators' 
                and a representation of the signature of President 
                George Washington on the first United States patent 
                issued;
                    ``(III) has the edge-incusing described under 
                paragraph (2)(C); and
                    ``(IV) the design for which has reviewed by the 
                Citizens Coinage Advisory Committee.

            ``(C) Definition of territory.--For purposes of this 
        subsection, the term `territory' means the Commonwealth of 
        Puerto Rico, Guam, American Samoa, the United States Virgin 
        Islands, and the Commonwealth of the Northern Mariana Islands.
        ``(2) Design requirements.--Notwithstanding subsection (d)(1) 
    and subsection (d)(2), the $1 coins issued in accordance with 
    paragraph (1)(A) shall meet the following design requirements:
            ``(A) Coin obverse.--The common design on the obverse of 
        each coin issued under this subsection shall contain--
                ``(i) a likeness of the Statue of Liberty extending to 
            the rim of the coin and large enough to provide a dramatic 
            representation of Liberty;
                ``(ii) the inscription `$1'; and
                ``(iii) the inscription `In God We Trust'.
            ``(B) Coin reverse.--The design on the reverse of each coin 
        issued under this subsection shall bear the following:
                ``(i) An image or images emblematic of one of the 
            following from one of the 50 States, the District of 
            Columbia, or the territories of the United States:

                    ``(I) A significant innovation.
                    ``(II) An innovator.
                    ``(III) A group of innovators.

                ``(ii) The name of the State, the District of Columbia, 
            or territory, as applicable.
                ``(iii) The inscription `United States of America'.
            ``(C) Edge-incused inscriptions.--
                ``(i) In general.--The inscription of the year of 
            minting or issuance of the coin, the mint mark, and the 
            inscription `E Pluribus Unum' shall be edge-incused into 
            the coin.
                ``(ii) Preservation of distinctive edge.--The edge-
            incusing of the inscriptions under clause (i) on coins 
            issued under this subsection shall be done in a manner that 
            preserves the distinctive edge of the coin so that the 
            denomination of the coin is readily discernible, including 
            by individuals who are blind or visually impaired.
        ``(3) Issuance of coins commemorating innovation or 
    innovators.--
            ``(A) Order of issuance.--
                ``(i) In general.--The coins issued under this 
            subsection commemorating either an innovation, an 
            individual innovator, or a group of innovators, from each 
            State, the District of Columbia, or a territory shall be 
            issued in the following order:

                    ``(I) State.--With respect to each State, the coins 
                shall be issued in the order in which the States 
                ratified the Constitution of the United States or were 
                admitted into the Union, as the case may be.
                    ``(II) District of columbia and territories.--After 
                all coins are issued under subclause (I), the coins 
                shall be issued for the District of Columbia and the 
                territories in the following order: the District of 
                Columbia, the Commonwealth of Puerto Rico, Guam, 
                American Samoa, the United States Virgin Islands, and 
                the Commonwealth of the Northern Mariana Islands.

                ``(ii) Application in event of the admission of 
            additional states.--Notwithstanding clause (i), if any 
            additional State is admitted into the Union before the end 
            of the 14-year period referred to in paragraph (1), the 
            Secretary of the Treasury may issue a $1 coin with respect 
            to the additional State in accordance with clause (i)(I).
                ``(iii) Application in the event of independence or 
            adding of a territory.--Notwithstanding clause (i)--

                    ``(I) if any territory becomes independent or 
                otherwise ceases to be a territory of the United States 
                before $1 coins are minted pursuant to this subsection, 
                the subsection shall cease to apply with respect to 
                such territory; and
                    ``(II) if any new territory is added to the United 
                States, $1 coins shall be issued for such territories 
                in the order in which the new the territories are 
                added, beginning after the $1 coin is issued for the 
                Commonwealth of the Northern Mariana Islands.

            ``(B) Issuance of coins commemorating four innovations or 
        innovators during each of 14 years.--
                ``(i) In general.--Four $1 coin designs as described in 
            this subsection shall be issued during each year of the 
            period referred to in paragraph (1) until 1 coin featuring 
            1 innovation, an individual innovator, or a group of 
            innovators, from each of the States, the District of 
            Columbia, and territories has been issued.
                ``(ii) Number of coins of each design.--The Secretary 
            shall prescribe, on the basis of such factors as the 
            Secretary determines to be appropriate, the number of $1 
            coins that shall be issued with each of the designs 
            selected for each year of the period referred to in 
            paragraph (1).
        ``(4) Selection of concept and design.--
            ``(A) Concept.--With respect to each State, the District of 
        Columbia, and each territory to be honored with a coin under 
        this subsection, the selection of the significant innovation, 
        innovator, or group of innovators to be borne on the reverse of 
        such coin shall be made by the Secretary of the Treasury, after 
        consultation with the Governor or other chief executive of the 
        State, the District of Columbia, or territory with respect to 
        which a coin is to be issued under this subsection.
            ``(B) Design.--Each of the designs required under this 
        subsection shall be selected by the Secretary after--
                ``(i) consultation with--

                    ``(I) the Governor or other chief executive of the 
                State, the District of Columbia, or territory with 
                respect to which a coin is to be issued under this 
                subsection; and
                    ``(II) the Commission of Fine Arts; and

                ``(ii) review by the Citizens Coinage Advisory 
            Committee.
            ``(C) Selection and approval process.--Proposals for 
        designs for $1 coins under this subsection may be submitted in 
        accordance with the design selection and approval process 
        developed by the Secretary in the sole discretion of the 
        Secretary.
            ``(D) Standards.--Because it is important that the Nation's 
        coinage and currency bear dignified designs of which the 
        citizens of the United States can be proud, the Secretary shall 
        not select any frivolous or inappropriate design for any $1 
        coin minted under this subsection.
            ``(E) Prohibition on certain representations.--No head and 
        shoulders portrait or bust of any person and no portrait of a 
        living person may be included in the design of any coin issued 
        under this subsection.
        ``(5) Treatment as numismatic items.--For purposes of sections 
    5134 and 5136, all $1 coins minted under this subsection shall be 
    considered to be numismatic items.
        ``(6) Issuance of numismatic coins.--The Secretary may mint and 
    issue such number of $1 coins of each design selected under this 
    subsection in uncirculated and proof qualities as the Secretary 
    determines to be appropriate.
        ``(7) Termination of program.--The issuance of coins under this 
    subsection shall terminate when one innovation, an individual 
    innovator, or a group of innovators, from each State, the District 
    of Columbia, and each territory has been honored and may not be 
    resumed except by an Act of Congress.''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.