To ensure continuity for the design of the 5-cent coin, establish the Coin Design Advisory Committee, and for other purposes.

Summary: American 5-Cent Coin Design Continuity Act of 2002 - Authorizes the Secretary of the Treasury to change the design on the obverse and the reverse of the 5-cent coin for coins issued in 2003 and 2004 in commemoration of the bicentennial of the Louisiana Purchase.Amends Federal law governing coins and currency to mandate that: (1) the obverse of any 5-cent coin issued after December 31, 2004, bear an image of Thomas Jefferson; and (2) the reverse of any such coin bear an image of the home of Thomas Jefferson at Monticello.Establishes the Coin Design Advisory Committee to advise the Secretary on: (1) design proposals relating to circulating coinage and numismatic items, including congressional gold medals; and (2) any other issues relating to items produced by the U.S. Mint that the Secretary may request.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``American 5-Cent Coin Design 
Continuity Act of 2002''.

SEC. 2. DESIGNS ON THE 5-CENT COIN COMMEMORATING THE BICENTENNIAL OF 
              THE LOUISIANA PURCHASE.

    (a) In General.--Subject to subsection (b) and after consulting 
with the Coin Design Advisory Committee and the Commission of Fine 
Arts, the Secretary of the Treasury may change the design on the 
obverse and the reverse of the 5-cent coin for coins issued in 2003 and 
2004 in commemoration of the bicentennial of the Louisiana Purchase.
    (b) Design Specifications.--
            (1) Obverse.--If the Secretary of the Treasury elects to 
        change the obverse of 5-cent coins issued during 2003 and 2004, 
        the design shall include an image of President Thomas Jefferson 
        in commemoration of his role with respect to the Louisiana 
        Purchase and the commissioning of the Louis and Clark 
        Expedition to explore the newly acquired territory.
            (2) Reverse.--If the Secretary of the Treasury elects to 
        change the reverse of the 5-cent coins issued during 2003 and 
        2004, the design selected shall commemorate the Louisiana 
        Purchase.
            (3) Other inscriptions.--5-cent coins issued during 2003 
        and 2004 shall continue to meet all other requirements for 
        inscriptions and designations applicable to circulating coins 
        under section 5112(d)(1) of title 31, United States Code.

SEC. 3. DESIGNS ON THE 5-CENT COIN SUBSEQUENT TO THE COMMEMORATION OF 
              THE BICENTENNIAL OF THE LOUISIANA PURCHASE.

    (a) In General.--Section 5112(d)(1) of title 31, United States 
Code, is amended by inserting after the 4th sentence the following new 
sentences: ``The obverse of any 5-cent coin issued after December 31, 
2004, shall bear an image of Thomas Jefferson. The reverse of any 5-
cent coin issued after December 31, 2004, shall bear an image of the 
home of Thomas Jefferson at Monticello.''.
    (b) Design Consultation.-- The 2d sentence of section 5112(d)(2) of 
title 31, United States Code, is amended by inserting ``, after 
consulting with the Coin Design Advisory Committee and the Commission 
of Fine Arts,'' after ``The Secretary may''.

SEC. 4. COIN DESIGN ADVISORY COMMITTEE.

    (a) In General.--Subchapter III of chapter 51 of title 31, United 
States Code, is amended by inserting after section 5136 (as amended by 
section 5 of this Act) the following new section:
``Sec. 5137. Coin Design Advisory Committee
    (a) Establishment.--There is hereby established the Coin Design 
Advisory Committee (in this section referred to as the ``Advisory 
Committee'').
    ``(b) Membership.--
            (1) Appointment.--The Advisory Committee shall consist of 9 
        members, as follows:
                    ``(A) The Chief of Staff to the Secretary of the 
                Treasury.
                    ``(B) 4 persons appointed by the President--
                            ``(i) 1 of whom shall be appointed for a 
                        term of 4 years from among individuals who are 
                        specially qualified to serve on the Advisory 
                        Committee by virtue of their education, 
                        training, or experience as a nationally or 
                        internationally recognized curator in the 
                        United States of a numismatic collection;
                            ``(ii) 1 of whom shall be appointed for a 
                        term of 4 years from among individuals who are 
                        specially qualified to serve on the Advisory 
                        Committee by virtue of their experience in the 
                        medallic arts or sculpture;
                            ``(iii) 1 of whom shall be appointed for a 
                        term of 3 years from among individuals who are 
                        specially qualified to serve on the Advisory 
                        Committee by virtue of their education, 
                        training, or experience in American history; 
                        and
                            ``(iv) 1 of whom shall be appointed for a 
                        term of 2 years from among individuals who are 
                        specially qualified to serve on the Advisory 
                        Committee by virtue of their education, 
                        training, or experience in numismatics.
                    ``(C) 1 person appointed by the Speaker of the 
                House of Representatives from among individuals who are 
                specially qualified to serve on the Advisory Committee 
                by virtue of their education, training, or experience, 
                including staff employees of the House of 
                Representatives, who shall serve at the pleasure of the 
                Speaker.
                    ``(D) 1 person appointed by the minority leader of 
                the House of Representatives from among individuals who 
                are specially qualified to serve on the Advisory 
                Committee by virtue of their education, training, or 
                experience, including staff employees of the House of 
                Representatives, who shall serve at the pleasure of the 
                minority leader.
                    ``(E) 1 person appointed by the majority leader of 
                the Senate from among individuals who are specially 
                qualified to serve on the Advisory Committee by virtue 
                of their education, training, or experience, including 
                staff employees of the Senate, who shall serve at the 
                pleasure of the majority leader.
                    ``(F) 1 person appointed by the minority leader of 
                the Senate from among individuals who are specially 
                qualified to serve on the Advisory Committee by virtue 
                of their education, training, or experience, including 
                staff employees members of the Senate, who shall serve 
                at the pleasure of the minority leader.
            ``(2) Continuation of service.--Each appointed member may 
        continue to serve after the expiration of the term of office to 
        which such member was appointed until a successor has been 
        appointed and qualified.
            ``(3) Vacancy.--
                    ``(A) In general.--Any vacancy on the Advisory 
                Committee shall be filled in the manner in which the 
                original appointment was made.
                    ``(B) Acting officials may serve.--In the event of 
                a vacancy in a position described in paragraph (1)(A), 
                and pending the appointment of a successor, or during 
                the absence or disability of any individual serving in 
                any such position, any individual serving in an acting 
                capacity in any such position may serve on the Advisory 
                Committee while serving in such capacity.
            ``(4) Chairperson.--The Chairperson of the Advisory 
        Committee shall be the person serving in the position described 
        in paragraph (1)(A) (or serving in an acting capacity in such 
        position).
            ``(5) Pay and expenses.--Members of the Advisory Committee 
        shall serve without pay for such service but each member of the 
        Advisory Committee shall be reimbursed from the United States 
        Mint Public Enterprise Fund for expenses incurred in connection 
        with attendance of such members at meetings of the Advisory 
        Committee.
            ``(6) Meetings.--The Advisory Committee shall meet, not 
        less frequently than quarterly, at the call of the chairperson 
        or a majority of the members.
            ``(7) Quorum.--7 members of the Advisory Committee shall 
        constitute a quorum.
    ``(c) Duties of the Advisory Committee.--The duties of the Advisory 
Committee are as follows:
            ``(1) Advise the Secretary of the Treasury on any design 
        proposals relating to circulating coinage and numismatic items, 
        including congressional gold medals.
            ``(2) Advise the Secretary of the Treasury with regard to 
        any other proposals or issues relating to any items produced by 
        the United States Mint that the Secretary may request of the 
        Advisory Committee.
    ``(d) Administrative Support Services.--Upon the request of the 
Advisory Committee, the Director of the United States Mint shall 
provide to the Advisory Committee the administrative support services 
necessary for the Advisory Committee to carry out its responsibilities 
under this section.
    ``(e) Annual Report.--
            ``(1) Required.--Not later than January 30 of each year, 
        the Advisory Committee shall submit a report to the Committee 
        on Financial Services of the House of Representatives and the 
        Committee on Banking, Housing, and Urban Affairs of the Senate.
            ``(2) Contents.--The report required by paragraph (1) shall 
        describe the activities of the Advisory Committee during the 
        preceding year and the reports and recommendations made by the 
        Advisory Committee to the Secretary of the Treasury.
    ``(f) Federal Advisory Committee Act Does Not Apply.--The Federal 
Advisory Committee Act shall not apply with respect to the Committee, 
except that each meeting of the Advisory Committee shall be open to the 
public following publication of a notice of the meeting in the Federal 
Register.''.