To require the Secretary of the Treasury to mint coins in recognition and celebration of the National Baseball Hall of Fame.

Summary: National Baseball Hall of Fame Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue not more than 50,000 $5 gold coins, 400,000 $1 silver coins, and 750,000 half-dollar coins in recognition of the National Baseball Hall of Fame during the one-year period beginning on January 1, 2014.

Directs the Secretary to: (1) hold a competition to determine the design of the common obverse of the coins, with such design being emblematic of the game of baseball; and (2) determine compensation for the winning design, which shall be not less than $5,000 and which shall be taken into account when determining the sale price. Requires the design on the common reverse side to depict a baseball similar to those used by Major League Baseball.

Requires all sales of such coins to include specified surcharges, which shall be paid by the Secretary to the National Baseball Hall of Fame to help finance its operations after the total cost of designing and issuing the coins is recovered by the Treasury.

Directs the Secretary to ensure that minting and issuing coins under this Act will not result in any net cost to the U.S. government.

SECTION 1. SHORT TITLE.
    This Act may be cited as the ``National Baseball Hall of Fame 
Commemorative Coin Act''.
SEC. 2. FINDINGS.
    The Congress finds the following:
        (1) On June 12, 1939, the National Baseball Hall of Fame and 
    Museum opened in Cooperstown, New York. Ty Cobb, Walter Johnson, 
    Christy Mathewson, Babe Ruth, and Honus Wagner comprised the 
    inaugural class of inductees. This class set the standard for all 
    future inductees. Since 1939, just one percent of all Major League 
    Baseball players have earned induction into the National Baseball 
    Hall of Fame.
        (2) The National Baseball Hall of Fame and Museum is dedicated 
    to preserving history, honoring excellence, and connecting 
    generations through the rich history of our national pastime. 
    Baseball has mirrored our Nation's history since the Civil War, and 
    is now an integral part of our Nation's heritage.
        (3) The National Baseball Hall of Fame and Museum chronicles 
    the history of our national pastime and houses the world's largest 
    collection of baseball artifacts, including more than 38,000 three 
    dimensional artifacts, 3,000,000 documents, 500,000 photographs, 
    and 12,000 hours of recorded media. This collection ensures that 
    baseball history and its unique connection to American history will 
    be preserved and recounted for future generations.
        (4) Since its opening in 1939, more than 14,000,000 baseball 
    fans have visited the National Baseball Hall of Fame and Museum to 
    learn about the history of our national pastime and the game's 
    connection to the American experience.
        (5) The National Baseball Hall of Fame and Museum is an 
    educational institution, reaching 10,000,000 Americans annually. 
    Utilizing video conference technology, students and teachers 
    participate in interactive lessons led by educators from the 
    National Baseball Hall of Fame Museum. These award-winning 
    educational programs draw upon the wonders of baseball to reach 
    students in classrooms nationwide. Each educational program uses 
    baseball as a lens for teaching young Americans important lessons 
    on an array of topics, including mathematics, geography, civil 
    rights, women's history, economics, industrial technology, arts, 
    and communication.
SEC. 3. COIN SPECIFICATIONS.
    (a) Denominations.--In recognition and celebration of the National 
Baseball Hall of Fame, the Secretary of the Treasury (hereafter in this 
Act referred to as the ``Secretary'') shall mint and issue the 
following coins:
        (1) $5 gold coins.--Not more than 50,000 $5 coins, which 
    shall--
            (A) weigh 8.359 grams;
            (B) have diameter of 0.850 inches; and
            (C) contain 90 percent gold and 10 percent alloy.
        (2) $1 silver coins.--Not more than 400,000 $1 coins, which 
    shall--
            (A) weigh 26.73 grams;
            (B) have a diameter of 1.500 inches; and
            (C) contain 90 percent silver and 10 percent copper.
        (3) Half-dollar clad coins.--Not more than 750,000 half-dollar 
    coins which shall--
            (A) weigh 11.34 grams;
            (B) have a diameter of 1.205 inches; and
            (C) be minted to the specifications for half-dollar coins 
        contained in section 5112(b) of title 31, United States Code.
    (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) Sense of Congress.--It is the sense of Congress that, to the 
extent possible without significantly adding to the purchase price of 
the coins, the $1 coins and $5 coins minted under this Act should be 
produced in a fashion similar to the 2009 International Year of 
Astronomy coins issued by Monnaie de Paris, the French Mint, so that 
the reverse of the coin is convex to more closely resemble a baseball 
and the obverse concave, providing a more dramatic display of the 
obverse design chosen pursuant to section 4(c).
SEC. 4. DESIGN OF COINS.
    (a) In General.--The design for the coins minted under this Act 
shall be--
        (1) selected by the Secretary after consultation with--
            (A) the National Baseball Hall of Fame;
            (B) the Commission of Fine Arts; and
        (2) reviewed by the Citizens Commemorative Coin Advisory 
    Committee.
    (b) Designations and Inscriptions.--On each coin minted under this 
Act there shall be--
        (1) a designation of the value of the coin;
        (2) an inscription of the year ``2014''; and
        (3) inscriptions of the words ``Liberty'', ``In God We Trust'', 
    ``United States of America'', and ``E Pluribus Unum''.
    (c) Selection and Approval Process for Obverse Design.--
        (1) In general.--The Secretary shall hold a competition to 
    determine the design of the common obverse of the coins minted 
    under this Act, with such design being emblematic of the game of 
    baseball.
        (2) Selection and approval.--Proposals for the design of coins 
    minted under this Act may be submitted in accordance with the 
    design selection and approval process developed by the Secretary in 
    the sole discretion of the Secretary. The Secretary shall encourage 
    3-dimensional models to be submitted as part of the design 
    proposals.
        (3) Proposals.--As part of the competition described in this 
    subsection, the Secretary may accept proposals from artists, 
    engravers of the United States Mint, and members of the general 
    public.
        (4) Compensation.--The Secretary shall determine compensation 
    for the winning design under this subsection, which shall be not 
    less than $5,000. The Secretary shall take into account this 
    compensation amount when determining the sale price described in 
    section 6(a).
    (d) Reverse Design.--The design on the common reverse of the coins 
minted under this Act shall depict a baseball similar to those used by 
Major League Baseball.
SEC. 5. ISSUANCE OF COINS.
    (a) Quality of Coins.--Coins minted under this Act shall be issued 
in uncirculated and proof qualities.
    (b) Period for Issuance.--The Secretary may issue coins minted 
under this Act only during the 1-year period beginning on January 1, 
2014.
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(a) with respect to such 
    coins; and
        (3) the cost of designing and issuing the coins (including 
    labor, materials, dies, use of machinery, winning design 
    compensation, 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.
    (c) Prepaid Orders.--
        (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 minted under this Act shall 
include a surcharge as follows:
        (1) A surcharge of $35 per coin for the $5 coin.
        (2) A surcharge of $10 per coin for the $1 coin.
        (3) A surcharge of $5 per coin for the half-dollar 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 promptly paid by the Secretary to 
the National Baseball Hall of Fame to help finance its operations.
    (c) Audits.--The National Baseball Hall of Fame shall be subject to 
the audit requirements of section 5134(f)(2) of title 31, United States 
Code, with regard to the amounts received 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 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.
SEC. 8. FINANCIAL ASSURANCES.
    The Secretary shall take such actions as may be necessary to ensure 
that--
        (1) minting and issuing coins under this Act will not result in 
    any net cost to the United States Government; and
        (2) no funds, including applicable surcharges, are disbursed to 
    any recipient designated in section 7 until the total cost of 
    designing and issuing all of the coins authorized by this Act 
    (including labor, materials, dies, use of machinery, winning design 
    compensation, overhead expenses, marketing, and shipping) is 
    recovered by the United States Treasury, consistent with sections 
    5112(m) and 5134(f) of title 31, United States Code.
SEC. 9. BUDGET COMPLIANCE.
    The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the Committee on the Budget of the House of 
Representatives, provided that such statement has been submitted prior 
to the vote on passage.

                               Speaker of the House of Representatives.

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