Pro Football Hall of Fame Commemorative Coin Act

Summary: Pro Football 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 emblematic of the game of professional football.   Requires all sales of such coins to include specified surcharges, which shall be paid by the Secretary to the Pro Football Hall of Fame to help finance the construction of a new building and the renovation of existing Pro Football Hall of Fame facilities.  Directs the Secretary to ensure that: (1) minting and issuing such coins will not result in any net cost to the government, and (2) no proceeds are disbursed until the total cost of designing and issuing such coins is recovered by the Treasury.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Pro Football Hall of Fame 
Commemorative Coin Act''.

SEC. 2. FINDINGS.

    The Congress finds the following:
            (1) The Pro Football Hall of Fame's mission is--
                    (A) to honor individuals who have made outstanding 
                contributions to professional football;
                    (B) to preserve professional football's historic 
                documents and artifacts;
                    (C) to educate the public regarding the origin, 
                development, and growth of professional football as an 
                important part of American culture; and
                    (D) to promote the positive values of the sport.
            (2) The Pro Football Hall of Fame opened its doors on 
        September 7, 1963. On that day, a charter class of 17 players, 
        coaches, and contributors were enshrined. Among the group were 
        such legends as Sammy Baugh, Red Grange, George Halas, Don 
        Hutson, Bronko Nagurski, and Jim Thorpe. Through 2012, 273 
        members had been elected to the Pro Football Hall of Fame. 
        Three distinct iconic symbols represent an individual's 
        membership in the Hall of Fame: a bronze bust, a Hall of Fame 
        gold jacket, and a Hall of Fame ring.
            (3) The Pro Football Hall of Fame has welcomed nearly 
        9,000,000 visitors from around the world since opening in 1963. 
        The museum has grown from its original 19,000-square-foot 
        building to a 118,000-square-foot, state-of-the-art facility, 
        as a result of expansions in 1971, 1978, 1995, and most 
        recently in 2011-2013. In addition, major exhibit renovations 
        were completed in 2003, 2008, and 2009.
            (4) The Pro Football Hall of Fame houses the world's 
        largest collection on professional football. Included in the 
        museum's vast collection are more than 20,000 three-dimensional 
        artifacts and more than 20,000,000 pages of documents, 
        including nearly 3,000,000 photographic images.
            (5) The Pro Football Hall of Fame reaches a worldwide 
        audience of nearly 15,000,000 people annually through visitors 
        to the museum, participants in the annual Pro Football Hall of 
        Fame Enshrinement Festival, three nationally televised events, 
        the Hall of Fame's Web site, social media outlets, special 
        events across the country, and through the museum's Educational 
        Outreach video conferencing programs.

SEC. 3. COIN SPECIFICATIONS.

    (a) Denominations.--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 a 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 section 5134 of title 31, 
United States Code, all coins minted under this Act shall be considered 
to be numismatic items.

SEC. 4. DESIGN OF COINS.

    (a) Design Requirements.--
            (1) In general.--The design of the coins minted under this 
        Act shall be emblematic of the game of professional football.
            (2) Designation and inscriptions.--On each coin minted 
        under this Act there shall be--
                    (A) a designation of the value of the coin;
                    (B) an inscription of the year ``2017''; and
                    (C) inscriptions of the words ``Liberty'', ``In God 
                We Trust'', ``United States of America'', and ``E 
                Pluribus Unum''.
    (b) Selection.--The design for the coins minted under this Act 
shall be--
            (1) selected by the Secretary after consultation with the 
        Commission of Fine Arts and the Pro Football Hall of Fame; and
            (2) reviewed by the Citizens Coinage Advisory Committee.

SEC. 5. ISSUANCE OF COINS.

    (a) Quality of Coins.--Coins minted under this Act shall be issued 
in uncirculated and proof qualities.
    (b) Mint Facility.--Only 1 facility of the United States Mint may 
be used to strike any particular quality of the coins minted under this 
Act.
    (c) Period for Issuance.--The Secretary may issue coins minted 
under this Act only during the 1-year period beginning on January 1, 
2017.

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, 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 issued under this Act shall 
include a surcharge of--
            (1) $35 per coin for the $5 coin;
            (2) $10 per coin for the $1 coin; and
            (3) $5 per coin for the half-dollar coin.
    (b) Distribution.--Subject to section 5134(f)(1) 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 Pro Football Hall of Fame, to help finance the 
construction of a new building and renovation of existing Pro Football 
Hall of Fame facilities.
    (c) Audits.--The Pro Football 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 2 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.