SECTION 1. SHORT TITLE.

    This Act may be cited as the ``National Archives 75th Anniversary 
Commemorative Coin Act''.

SEC. 2. FINDINGS.

    The Congress finds as follows:
            (1) The year 2010 commemorates the 75th Anniversary of the 
        opening of the National Archives Building, which houses the 
        Declaration of Independence, the Constitution, and the Bill of 
        Rights (known collectively as the Charters of Freedom).
            (2) The National Archives and Records Administration has, 
        over the course of its history, established itself as public 
        trust on which our democracy depends and has proven itself to 
        be a vital and invaluable resource within the Federal 
        Government.
            (3) The National Archives and Records Administration has 
        expanded its role as the nation's recordkeeper and raised its 
        public profile as democracy's beacon.
            (4) The National Archives and Records Administration serves 
        American democracy by ensuring that the people can discover, 
        use, and trust the records of our government.
            (5) The National Archives and Records Administration 
        fulfills this role by--
                    (A) preserving for the American people and their 
                public servants the records of our Federal Government;
                    (B) ensuring continuing access to the essential 
                documentation of the rights of American citizens and 
                the actions of their Government; and
                    (C) promoting democracy, civic education, and 
                historical understanding of our national experience.
            (6) In 1935, the National Archives Building was opened on 
        the Washington Mall, featuring a grand rotunda designed for the 
        display of the Declaration of Independence, the Constitution, 
        and the Bill of Rights.

SEC. 3. COIN SPECIFICATIONS.

    (a) In General.--The Secretary of the Treasury (hereafter in this 
Act referred to as the ``Secretary'') shall mint and issue such number 
of $1 coins as the Secretary may determine to be appropriate, in the 
quantities described in section 4, 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 section 5136 of title 31, 
United States Code, all coins minted under this Act shall be considered 
to be numismatic items.

SEC. 4. DESIGN AND QUANTITIES OF COINS.

    (a) Design Requirements.--
            (1) In general.--The design of the coins minted under this 
        Act shall be emblematic of the National Archives Building and 
        shall honor the National Archives and Records Administration as 
        a public trust on which our democracy depends and of the 
        Charters of Freedom that the Administration enshrines for 
        posterity.
            (2) Obverse.--The obverse of the coins minted under this 
        Act shall be representative of the 75th Anniversary of the 
        National Archives Building.
            (3) Reverse.--
                    (A) Declaration of independence.--Not more than 
                350,000 of the $1 coins minted under this Act shall 
                feature an image of the Declaration of Independence.
                    (B) United states constitution.--Not more than 
                350,000 of the $1 coins minted under this Act shall 
                feature an image of the Constitution of the United 
                States.
                    (C) Bill of rights.--Not more than 350,000 of the 
                $1 coins minted under this Act shall feature an image 
                of the Bill of Rights.
    (b) Designation 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 ``2010''; and
            (3) inscriptions of the words ``Liberty'', ``In God We 
        Trust'', ``United States of America'', and ``E Pluribus Unum''.
    (c) 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 Foundation for the National 
        Archives; and
            (2) reviewed by the Citizens Coinage Advisory Committee 
        established under section 5135 of title 31, United States Code.

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 combination of denomination and 
quality of the coins minted under this Act.
    (c) Period for Issuance.--The Secretary may issue coins minted 
under this Act only during the period beginning on January 1, 2010, and 
ending on December 31, 2010.

SEC. 6. SALE OF COINS.

    (a) Sale Price.--Notwithstanding any other provision of law, the 
coins issued under this Act shall be sold by the Secretary at a price 
equal to the sum of the face value of the coins, the surcharge required 
under section 7(a) for the coins, and the cost of designing and issuing 
such coins (including labor, materials, dies, use of machinery, 
overhead expenses, and marketing).
    (b) Bulk Sales.--The Secretary shall make bulk sales of the coins 
issued under this Act at a reasonable discount.
    (c) Prepaid Orders at a Discount.--
            (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) Promotion Consultation.--The Secretary shall--
            (1) consult with the National Archives and Records 
        Administration to determine the feasibility of providing a role 
        for the National Archives and Records Administration in the 
        promotion, advertising, and marketing of the coins minted under 
        this Act; and
            (2) if the Secretary determines that such action would be 
        beneficial to the sale of coins minted under this Act, enter 
        into a memorandum of agreement with the National Archives and 
        Records Administration to carry out the role established under 
        paragraph (1).

SEC. 7. SURCHARGES.

    (a) Surcharge Required.--All sales 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 paid by the Secretary to, and 
divided equally between, the Foundation for the National Archives and 
the National Archives and Records Administration Trust Fund to be used 
for the purpose of supporting public programs, educational outreach 
activities, and archival programs of the National Archives and Records 
Administration.
    (c) Audits.--The Foundation for the National Archives and the 
National Archives and Records Administration Trust Fund 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 Fund 
under subsection (b).
National Archives 75th Anniversary Commemorative Coin Act - Instructs the Secretary of the Treasury to mint and issue $1 coins whose design: (1) is emblematic of the National Archives Building; and (2) honors the National Archives and Records Administration as a public trust on which American democracy depends and of the Charters of Freedom that the Administration enshrines for posterity.

Requires the obverse of the coins to be representative of the 75th Anniversary of the National Archives Building.

Requires such coins to feature an image of: (1) the Declaration of Independence; (2) the Constitution of the United States; and (3) the Bill of Rights.

Declares that: (1) only one U.S. Mint facility may be used to strike any particular combination of denomination and quality of such coins; and (2) the coins may be issued only during calendar 2010.

Prescribes guidelines for coin sales and a coin surcharge.
To require the Secretary of the Treasury to mint coins in commemoration of the 75th Anniversary of the opening of the National Archives Building, and for other purposes.