A bill 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.

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) In general.--The design of the coins minted under this 
        Act shall be emblematic of the design selected by the Disabled 
        Veterans' LIFE Memorial Foundation for the American Veterans 
        Disabled for Life Memorial.
            (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.

Summary: American Veterans Disabled for Life Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue $1 silver coins in commemoration of disabled American veterans and emblematic of the design selected by the Disabled Veterans' LIFE Memorial Foundation for the American Veterans Disabled for Life Memorial. Expresses the sense of Congress that, to the greatest extent possible, the coins should be struck at the US Mint at West Point, New York. Limits the period for coin issuance to calendar year 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.