To require the Secretary of the Treasury to mint coins in commemoration of Chief Justice John Marshall.

Summary: John Marshall Commemorative Coin Act - Directs the Secretary of the Treasury: (1) to mint and issue not more than 400,000 silver one-dollar coins emblematic of Chief Justice John Marshall and his contributions to the United States in commemoration of the 250th anniversary of his birth; and (2) in cooperation with the Legacy Fund of the Library of Congress, to develop and implement a marketing program to promote and sell the coins.

Directs that all sales of coins minted under this Act include a ten-dollar per coin surcharge, to be paid by the Secretary to the Supreme Court Historical Society for purposes of: (1) supporting historical research and educational programs about the Supreme Court, the Constitution, and related topics; (2) supporting fellowship programs, internships, and docents at the Supreme Court; and (3) collecting and preserving related antiques, artifacts, and other historical items.

Prohibits any surcharge from being included with respect to the issuance under this Act of any coin if, as of the time of such issuance, the issuance of such coin would result in the number of commemorative coin programs issued to exceed the annual two commemorative coin program issuance limitation.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``John Marshall Commemorative Coin 
Act''.

SEC. 2. FINDINGS.

    The Congress hereby finds as follows:
        (1) John Marshall served as the Chief Justice of the United 
    States Supreme Court from 1801 to 1835, the longest tenure of any 
    Chief Justice in the Nation's history.
        (2) John Marshall authored more than 500 opinions, including 
    virtually all of the most important cases decided by the Supreme 
    Court during his tenure.
        (3) Under his leadership, the Supreme Court of the United 
    States gave shape to the fundamental principles of the 
    Constitution, most notably the principle of judicial review.
        (4) John Marshall's service to the United States--not only as a 
    Chief Justice, but also as a soldier in the Revolutionary War, as a 
    Member of Congress, and as Secretary of State--truly makes him one 
    of the most important figures in our Nation's history.

SEC. 3. COIN SPECIFICATIONS.

    (a) Denomination.--In commemoration of the 250th anniversary of the 
birth of Chief Justice John Marshall, the Secretary of the Treasury 
(hereafter in this Act referred to as the ``Secretary'') shall mint and 
issue not more than 400,000 $1 coins, each of which shall--
        (1) weigh 26.73 grams;
        (2) have a diameter of 1.500 inches; and
        (3) contain 90 percent silver and 10 percent copper.
    (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.

SEC. 4. DESIGN OF COINS.

    (a) Design Requirements.--
        (1) In general.--The design of the coins minted under this Act 
    shall be emblematic of Chief Justice John Marshall and his 
    immeasurable contributions to the Constitution of the United States 
    and the Supreme Court of the United States.
        (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 ``2005''; 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 Supreme Court Historical Society; 
    and
        (2) reviewed by the Citizens Coin 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) Commencement of Issuance.--The Secretary may issue coins minted 
under this Act beginning January 1, 2005.
    (d) Termination of Minting Authority.--No coins may be minted under 
this Act after December 31, 2005.

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.
    (d) Marketing.--The Secretary, in cooperation with the Legacy Fund 
of the Library of Congress, shall develop and implement a marketing 
program to promote and sell the coins issued under this Act both within 
the United States and internationally.

SEC. 7. SURCHARGES.

    (a) In General.--All sales of coins minted under this Act shall 
include a surcharge of $10 per 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 Supreme Court Historical Society for the purposes of--
        (1) supporting historical research and educational programs 
    about the Supreme Court and the Constitution of the United States 
    and related topics;
        (2) supporting fellowship programs, internships, and docents at 
    the Supreme Court; and
        (3) collecting and preserving antiques, artifacts, and other 
    historical items related to the Supreme Court and the Constitution 
    of the United States and related topics.
    (c) Audits.--The Supreme Court Historical Society shall be subject 
to the audit requirements of section 5134(f)(2) of title 31, United 
States Code, with regard to the amounts received by the Society 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.

                               Speaker of the House of Representatives.

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