SECTION 1. SHORT TITLE.
    This Act may be cited as the ``American Veterans Disabled for Life 
Commemorative Coin Act''.
SEC. 2. FINDINGS.
    The Congress finds as follows:
        (1) The Armed Forces of the United States have answered the 
    call and served with distinction around the world--from hitting the 
    beaches in World War II in the Pacific and Europe, to the cold and 
    difficult terrain in Korea, the steamy jungles of Vietnam, and the 
    desert sands of the Middle East.
        (2) All Americans should commemorate those who come home having 
    survived the ordeal of war, and solemnly honor those who made the 
    ultimate sacrifice in giving their lives for their country.
        (3) All Americans should honor the millions of living disabled 
    veterans who carry the scars of war every day, and who have made 
    enormous personal sacrifices defending the principles of our 
    democracy.
        (4) In 2000, Congress authorized the construction of the 
    American Veterans Disabled for Life Memorial.
        (5) The United States should pay tribute to the Nation's living 
    disabled veterans by minting and issuing a commemorative silver 
    dollar coin.
        (6) The surcharge proceeds from the sale of a commemorative 
    coin would raise valuable funding for the construction of the 
    American Veterans Disabled for Life Memorial.
SEC. 3. COIN SPECIFICATIONS.
    (a) $1 Silver Coins.--The Secretary of the Treasury (hereafter in 
this Act referred to as the ``Secretary'') shall mint and issue not 
more than 350,000 $1 coins in commemoration of disabled American 
veterans, 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) Design.--The design of the coins minted under this Act 
    shall be emblematic of the service of our disabled veterans who, 
    having survived the ordeal of war, made enormous personal 
    sacrifices defending the principles of our democracy.
        (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 ``2010''; 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 
    Disabled Veterans' LIFE Memorial Foundation and the Commission of 
    Fine Arts; 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.--
        (1) In general.--Only 1 facility of the United States Mint may 
    be used to strike any particular quality of the coins minted under 
    this Act.
        (2) Use of the united states mint at west point, new york.--It 
    is the sense of the Congress that the coins minted under this Act 
    should be struck at the United States Mint at West Point, New York, 
    to the greatest extent possible.
    (c) Period for Issuance.--The Secretary may issue coins under this 
Act only during the calendar year beginning on January 1, 2010.
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 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 $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 to the Disabled Veterans' 
LIFE Memorial Foundation for the purpose of establishing an endowment 
to support the construction of American Veterans' Disabled for Life 
Memorial in Washington, D.C.
    (c) Audits.--The Comptroller General of the United States shall 
have the right to examine such books, records, documents, and other 
data of the Disabled Veterans' LIFE Memorial Foundation as may be 
related to the expenditures of amounts paid 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.
American Veterans Disabled for Life Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue $1 silver coins emblematic of the service of our disabled veterans who, having survived the ordeal of war, made enormous personal sacrifices defending the principles of our democracy.

Expresses the sense of Congress that, to the greatest extent possible, the coins should be struck at the U.S. Mint at West Point, New York.

 Limits the period for coin issuance to the calendar year beginning on January 1, 2010.

Imposes a $10 surcharge per coin, to be distributed to the Disabled Veterans' LIFE Memorial Foundation for the purpose of establishing an endowment to support the construction of American Veterans' Disabled for Life Memorial in Washington, D.C.

Prohibits a surcharge with respect to the issuance under this Act of any coin during a calendar year if, at the time of issuance, it would result in more than the statuory maximum of two commemorative coin programs per year.
To require the Secretary of the Treasury to mint coins in commemoration of veterans who became disabled for life while serving in the Armed Forces of the United States.