Women in Military Service for America Memorial Commemorative Coin Act

Summary: Women in Military Service for America Memorial Commemorative Coin Act - Directs the Secretary of the Treasury to issue five-dollar gold coins and one-dollar silver coins symbolic of women's service in the armed forces.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Women in Military Service for 
America Memorial Commemorative Coin Act''.

SEC. 2. COIN SPECIFICATIONS.

    (a) Five Dollar Gold Coins.--
            (1) Issuance.--The Secretary of the Treasury (hereafter in 
        this Act referred to as the ``Secretary'') shall issue not more 
        than 50,000 $5 gold coins each of which shall weigh 8.359 
        grams, have a diameter of 0.850 inches, and be composed of 90 
        percent gold and 10 percent alloy.
            (2) Design.--The design of the coins issued under paragraph 
        (1) shall be symbolic of women's service in the Armed Forces of 
        the United States. On each such coin there shall be a 
        designation of the value of the coin, an inscription of the 
        year ``1993'', and inscriptions of the words ``Liberty'', ``In 
        God We Trust'', ``United States of America'', and ``E Pluribus 
        Unum''.
    (b) One Dollar Silver Coins.--
            (1) Issuance.--The Secretary shall issue not more than 
        500,000 $1 silver coins, each of which shall weigh 26.73 grams, 
        have a diameter of 1.500 inches, and be composed of 90 percent 
        silver and 10 percent copper.
            (2) Design.--The design of the coins issued under paragraph 
        (1) shall be symbolic of women's service in the Armed Forces of 
        the United States. On each such coin there shall be a 
        designation of the value of the coin, an inscription of the 
        year ``1993'', and inscriptions of the words ``Liberty'', ``In 
        God We Trust'', ``United States of America'', and ``E Pluribus 
        Unum''.
    (c) Legal Tender.--The coins issued under this Act shall be legal 
tender as provided in section 5103 of title 31, United States Code.
    (d) Numismatic Items.--The coins issued under this Act shall be 
numismatic items for purposes of section 5134 of title 31, United 
States Code.

SEC. 3. SOURCES OF BULLION.

    (a) Gold.--The Secretary shall obtain gold for minting coins under 
this Act pursuant to the authority of the Secretary under existing law.
    (b) Silver.--The Secretary shall obtain silver for the coins minted 
under this Act from stockpiles established under the Strategic and 
Critical Minerals Stock Piling Act.

SEC. 4. SELECTION OF DESIGN.

    (a) In General.--The design for the coins authorized by this Act 
shall be selected by the Secretary after consultation with the 
Commission of Fine Arts and the Women in Military Service for America 
Memorial Foundation, Incorporated.
    (b) Review by Citizens Commemorative Design Committee.--The design 
for the coins authorized by this Act shall be reviewed by the Citizens 
Commemorative Advisory Committee in accordance with section 5135 of 
title 31, United States Code.

SEC. 5. ISSUANCE OF THE COINS.

    (a) Period for Issuance.--The Secretary may issue coins minted 
under this Act during the period beginning on November 1, 1993, and 
ending on December 31, 1994.
    (b) Quality of Coins.--The coins minted under this Act shall be 
issued in uncirculated and proof qualities.
    (c) Mint Facility.--Not more than 1 facility of the United States 
Mint may be used to strike any particular combination of denomination 
and quality of the coins minted under this Act.

SEC. 6. SALE OF COINS.

    (a) Sales Price.--The coins issued under this Act shall be sold by 
the Secretary at a price not less than the sum of the face value of the 
coins, the surcharge provided in subsection (c) with respect to such 
coins, and the cost of designing and issuing the coins (including 
labor, materials, dies, use of machinery, overhead expenses, marketing, 
and shipping).
    (b) Prepaid Orders at a Discount.--The Secretary shall accept 
prepaid orders for the coins prior to the issuance of such coins. Sales 
under this subsection shall be at a reasonable discount.
    (c) Surcharge Required.--All sales shall include a surcharge of $40 
per coin for the $5 coins and $11 per coin for the $1 coins.

SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULATIONS.

    (a) In General.--No provision of law governing procurement or 
public contracts shall be applicable to the procurement of goods or 
services necessary for carrying out the provisions of this Act.
    (b) Equal Employment Opportunity.--Subsection (a) shall not relieve 
any person entering into a contract under the authority of this Act 
from complying with any law relating to equal employment opportunity.

SEC. 8. DISTRIBUTION OF SURCHARGES.

    The total surcharges received by the Secretary from the sale of the 
coins issued under this Act shall be promptly paid by the Secretary to 
the Women in Military Service for America Memorial Foundation, Inc., 
for the purpose of creating, endowing, and dedicating the Women in 
Military Service for America Memorial.

SEC. 9. AUDITS.

    The Comptroller General shall have the right to examine such books, 
records, documents, and other data of the Women in Military Service for 
America Memorial Foundation, Inc., as may be related to the expenditure 
of amounts paid under section 8.

SEC. 10. FINANCIAL ASSURANCES.

    (a) No Net Cost to the Government.--The Secretary shall take such 
actions as may be necessary to ensure that the minting and issuance of 
the coins referred to in section 2 will not result in any net cost to 
the Federal Government.
    (b) Payment for Issuance of Coins.--No coin shall be issued under 
this Act unless the Secretary has received--
            (1) full payment for such coin;
            (2) security satisfactory to the Secretary to indemnify the 
        United States for full payment for such coin; or
            (3) a guarantee of full payment satisfactory to the 
        Secretary from a depository institution whose deposits are 
        insured by the Federal Deposit Insurance Corporation or the 
        National Credit Union Administration.