Marian Anderson Centennial Commemorative Coin Act

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Marian Anderson Centennial 
Commemorative Coin Act''.

SEC. 2. FINDINGS.

    The Congress finds that--
            (1) Marian Anderson, one of the world's greatest singers, a 
        champion for civil rights, and a leader in the advancement of 
        global peace, was born on February 27, 1897, in Philadelphia, 
        Pennsylvania;
            (2) Marian Anderson, a master of repertoire actress 
        operatic, recital, and American traditional genres, played a 
        vital role in the acceptance of African-American musicians in 
        the classical music world;
            (3) in 1963, Marian Anderson was given a Presidential Medal 
        of Freedom;
            (4) in 1974, Congress passed a resolution to have a special 
        gold medal minted in her name;
            (5) in 1977, Marian Anderson, who was an alternate delegate 
        to the United Nations, received the U.N. Peace Prize;
            (6) in 1986, Marian Anderson was awarded the National Arts 
        Medal; and
            (7) 1997 will mark the centennial of the birth of Marian 
        Anderson.

                      TITLE I--COMMEMORATIVE COINS

SEC. 101. COIN SPECIFICATIONS.

    (a) Denominations.--In commemoration of the centennial of the birth 
of Marian Anderson, the Secretary of the Treasury (hereafter in this 
Act referred to as the ``Secretary'') shall mint and issue--
            (1) not more than 350,000 $1 coins, each of 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; and
            (2) not more than 350,000 half dollar coins, each of which 
        shall--
                    (A) weigh 12.50 grams;
                    (B) have a diameter of 1.205 inches; and
                    (C) contain 90 percent silver and 10 percent 
                copper.
    (b) Legal Tender.--The coins minted under this title 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 title shall be 
considered to be numismatic items.

SEC. 102. SOURCES OF BULLION.

    The Secretary shall obtain silver for minting coins under this 
title only from stockpiles established under the Strategic and Critical 
Materials Stock Piling Act.

SEC. 103. DESIGN OF COINS.

    (a) Design Requirements.--
            (1) In general.--The design of the coins minted under this 
        title shall be emblematic of the many accomplishments of Marian 
        Anderson throughout her prolific life.
            (2) Designation and inscriptions.--On each coin minted 
        under this title there shall be--
                    (A) a designation of the value of the coin;
                    (B) an inscription of the years ``1897-1997''; and
                    (C) inscriptions of the words ``Liberty'', ``In God 
                We Trust'', ``United States of America'', and ``E 
                Pluribus Unum''.
            (3) Obverse of coin.--The obverse of each coin minted under 
        this title shall bear the likeness of Marian Anderson.
    (b) Design Competition.--Before the end of the 3-month period 
beginning on the date of enactment of this Act, the Secretary shall 
conduct an open design competition for the design of the obverse and 
the reverse of the coins minted under this title.
    (c) Selection.--The design for the coins minted under this title 
shall be--
            (1) selected by the Secretary after consultation with the 
        Commission of Fine Arts; and
            (2) reviewed by the Citizens Commemorative Coin Advisory 
        Committee.

SEC. 104. ISSUANCE OF COINS.

    (a) Quality of Coins.--Coins minted under this title 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 
title.
    (c) Commencement of Issuance.--The Secretary may issue coins minted 
under this title beginning on and after the date of enactment of this 
Act.
    (d) Termination of Minting Authority.--No coins may be minted under 
this title after July 31, 1998.

SEC. 105. SALE OF COINS.

    (a) Sale Price.--The coins issued under this title 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 subsection (d) 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 title at a reasonable discount.
    (c) Prepaid Orders.--
            (1) In general.--The Secretary shall accept prepaid orders 
        for the coins minted under this title 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) Surcharges.--All sales of coins minted under this title shall 
include a surcharge of--
            (1) $14 per coin for the $1 coin; and
            (2) $7 per coin for the half dollar coin.

SEC. 106. GENERAL WAIVER OF PROCUREMENT REGULATIONS.

    (a) In General.--Except as provided in subsection (b), no provision 
of law governing procurement or public contracts shall be applicable to 
the procurement of goods and services necessary for carrying out this 
title.
    (b) Equal Employment Opportunity.--Subsection (a) shall not relieve 
any person entering into a contract under the authority of this title 
from complying with any law relating to equal employment opportunity.

SEC. 107. DISTRIBUTION OF SURCHARGES.

    (a) In General.--Subject to section 5134(f) of title 31, United 
States Code, the first $2,000,000 of the surcharges received by the 
Secretary from the sale of coins issued under this title shall be 
promptly paid by the Secretary as follows:
            (1) Smithsonian institution.--50 percent to the Board of 
        Regents of the Smithsonian Institution, for exhibits on 
        African-American art, history, and culture.
            (2) Corporation for public broadcasting.--50 percent to the 
        Public Broadcasting Fund established under section 396(k) of 
        the Communications Act of 1934 (47 U.S.C. 396(k)), for 
        educational programs on African-American art, history, and 
        culture and on the life of Marian Anderson.
    (b) Excess Payable to the National Numismatic Collection.--After 
payment of the amounts required under subsection (a), the Secretary 
shall pay the remaining surcharges to the National Museum of American 
History in Washington, D.C., for the support of the National Numismatic 
Collection at the museum.
    (c) Audits.--Each organization that receives any payment from the 
Secretary under this section shall be subject to the audit requirements 
of section 5134(f)(2) of title 31, United States Code.

SEC. 108. FINANCIAL ASSURANCES.

    (a) No Net Cost to the Government.--The Secretary shall take such 
actions as may be necessary to ensure that minting and issuing coins 
under this title will not result in any net cost to the United States 
Government.
    (b) Payment for Coins.--A coin shall not be issued under this title 
unless the Secretary has received--
            (1) full payment for the coin;
            (2) security satisfactory to the Secretary to indemnify the 
        United States for full payment; or
            (3) a guarantee of full payment satisfactory to the 
        Secretary from a depository institution whose deposits are 
        insured by the Federal Deposit Insurance Corporation or the 
        National Credit Union Administration Board.

                      TITLE II--CIRCULATING COINS

SEC. 201. AUTHORITY TO REDESIGN HALF DOLLAR CIRCULATING COINS.

    Section 5112(d) of title 31, United States Code, is amended by 
inserting after the 6th sentence the following: ``At the discretion of 
the Secretary, half dollar coins minted after December 31, 1996, and 
before July 31, 1998, may bear the same design as the commemorative 
coins minted under title I of the Marian Anderson Centennial 
Commemorative Coin Act, as established under section 103 of that 
Act.''.

Summary: TABLE OF CONTENTS: Title I: Commemorative Coins Title II: Circulating Coins Marian Anderson Centennial Commemorative Coin Act - Title I: Commemorative Coins - Instructs the Secretary of the Treasury to: (1) mint and issue one-dollar and half-dollar coins in commemoration of the centennial of the birth of Marian Anderson. And (2) allocate sales surcharges to the Smithsonian Institution, the Public Broadcasting Fund, and the National Museum of American History for the support of the National Numismatic Collection. Title II: Circulating Coins - Amends Federal currency law to provide that at the Secretary's discretion, half-dollar coins minted after specified dates may bear the same design as the commemorative coins minted under this Act.