I

103D CONGRESS

1ST SESSION H. R. 535

To provide for the minting of coins in commemoration of Americans who

have been prisoners of war, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

JANUARY 21, 1993

Mr. PETERSON of Florida introduced the following bill; which was referred to

the Committee on Banking, Finance and Urban Affairs

A BILL

To provide for the minting of coins in commemoration of

Americans who have been prisoners of war, and for other

purposes.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘Prisoner-of-War

5 Commemorative Coin Act’’.

6 SEC. 2. COIN SPECIFICATIONS.

7 (a) ISSUANCE.—The Secretary of the Treasury (re8 ferred to in this Act as the ‘‘Secretary’’) shall issue not

9 more than 1,500,000 one dollar coins which shall weigh
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1 26.73 grams, have a diameter of 1.500 inches, and shall

2 contain 90 percent silver and 10 percent copper.

3 (b) DESIGN.—The design of such coins shall be em4 blematic of the experience of Americans who have been

5 prisoners of war. On each such coin there shall be a des6 ignation of the value of the coin, an inscription of the year

7 ‘‘1993’’, and inscriptions of the words ‘‘Liberty’’, ‘‘In God

8 We Trust’’, ‘‘United States of America’’, and ‘‘E Pluribus

9 Unum’’.

10 (c) LEGAL TENDER.—The coins issued under this

11 Act shall be legal tender as provided in section 5103 of

12 title 31, United States Code.

13 SEC. 3. ISSUANCE OF THE COINS.

14 (a) COMMENCEMENT OF ISSUANCE.—The coins au15 thorized and minted under this Act may be issued begin16 ning January 15, 1994.

17 (b) TERMINATION OF AUTHORITY.—The coins au18 thorized and minted under this Act may not be minted

19 after December 31, 1994.

20 (c) PROOF AND UNCIRCULATED COINS.—The coins

21 authorized and minted under this Act may be issued in

22 uncirculated and proof qualities and shall be struck at no

23 more than one facility of the United States Mint.
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1 SEC. 4. SOURCE OF BULLION.

2 The Secretary shall obtain silver for the coins minted

3 under this Act from stockpiles established under the Stra4 tegic and Critical Minerals Stock Piling Act (50 U.S.C.

5 98 et seq.).

6 SEC. 5. SELECTION OF DESIGN.

7 The design for the coins authorized by this Act shall

8 be selected by the Secretary.

9 SEC. 6. SALE OF COINS.

10 (a) SALE PRICE.—The coins issued under this Act

11 shall be sold by the Secretary at a price equal to the face

12 value, plus the cost of designing and issuing such coins

13 (including labor, materials, dies, use of machinery, and

14 overhead expenses) and the surcharge provided for in sub15 section (d).

16 (b) BULK SALES.—The Secretary shall make bulk

17 sales at a reasonable discount.

18 (c) PREPAID ORDERS.—The Secretary shall accept

19 prepaid orders for the coins issued under this Act prior

20 to the issuance of such coins. Sales under this subsection

21 shall be at a reasonable discount to reflect the benefit of

22 prepayment.

23 (d) SURCHARGES.—All sales of coins issued under

24 this Act shall include a surcharge of $5 per coin.
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1 SEC. 7. USE OF SURCHARGES.

2 An amount equal to the surcharges received by the

3 Secretary from the sale of coins issued under this Act shall

4 be made available or paid by the Secretary in the order

5 that follows:

6 (1) AMOUNTS TO BE MADE AVAILABLE FOR

7 CONSTRUCTION OF MUSEUM.—The Secretary of the

8 Treasury shall make available to the Secretary of

9 the Interior the first $3,000,000 for the construction

10 of the Andersonville Prisoner-of-War Museum in An11 dersonville, Georgia.

12 (2) AMOUNTS TO BE PAID TO ENDOWMENT

13 FUND.—After payment of the amount required by

14 paragraph (1), the Secretary of the Treasury shall

15 pay 50 percent of the remaining surcharges to the

16 endowment fund created under section 8.

17 (3) AMOUNTS TO BE PAID TO MAINTAIN NA18 TIONAL CEMETERIES.—After payment of the

19 amount required by paragraph (1), the Secretary

20 shall pay 50 percent of the remaining surcharges to

21 the Secretary of Veterans Affairs for purposes of

22 maintaining national cemeteries pursuant to chapter

23 24 of title 38, United States Code.

24 SEC. 8. ENDOWMENT FUND.

25 (a) ESTABLISHMENT.—There is established in the

26 Department of the Interior an endowment fund (herein-
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1 after in this Act referred to as the ‘‘fund’’) to be adminis2 tered by the Secretary of the Interior and to consist of

3 the amounts deposited under subsection (b).

4 (b) DEPOSIT INTO FUND.—

5 (1) DEPOSIT FROM SURCHARGES.—There shall

6 be deposited into the fund such amounts that are

7 paid by the Secretary under section 7(2).

8 (2) INVESTMENT.—The Secretary shall have

9 the authority to invest the portion of the fund that

10 is not, in the determination of the Secretary, re11 quired to meet the current needs of the fund, in obli12 gations of the United States or in obligations guar13 anteed as to the principal and interest by the United

14 States. In making such investments, the Secretary

15 shall select obligations having maturities suitable to

16 the needs of the fund.

17 (c) EXPENDITURES.—The Secretary of the Interior

18 may use the amounts deposited in the fund under this Act

19 to pay for the maintenance of the Andersonville Prisoner20 of-War Museum in Andersonville, Georgia.

21 SEC. 9. COINAGE PROFIT FUND.

22 (a) DEPOSITS.—All amounts received from the sale

23 of coins issued under this Act shall be deposited in the

24 coinage profit fund.
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1 (b) PAYMENTS.—The Secretary shall pay the

2 amounts authorized under this Act from the coinage profit

3 fund.

4 (c) EXPENDITURES.—The Secretary shall charge the

5 coinage profit fund with all expenditures under this Act.

6 SEC. 10. FINANCIAL ASSURANCES.

7 (a) NO NET COST TO THE GOVERNMENT.—The Sec8 retary shall take such actions as may be necessary to en9 sure that the minting and issuance of the coins referred

10 to in section 2 shall not result in any net cost to the Fed11 eral Government.

12 (b) PAYMENT FOR COINS.—No coin shall be issued

13 under this Act unless the Secretary has received—

14 (1) full payment thereof;

15 (2) security satisfactory to the Secretary to in16 demnify the United States for full payment; or

17 (3) a guarantee of full payment satisfactory to

18 the Secretary from a depository institution whose

19 deposits are insured by the Federal Government.

20 SEC. 11. GENERAL WAIVER OF PROCUREMENT REGULA21 TIONS.

22 (a) IN GENERAL.—Except as provided in subsection

23 (b), no provision of law governing procurement or public

24 contracts shall be applicable to the procurement of goods
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1 and services necessary for carrying out the provisions of

2 this Act.

3 (b) EQUAL EMPLOYMENT OPPORTUNITY.—Sub4 section (a) shall not apply with respect to any law relating

5 to equal employment opportunity.

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