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104TH CONGRESS

1ST SESSION H. R. 2285

To require the Secretary of the Treasury to mint coins in commemoration

of Theodore Roosevelt, to authorize the appropriation of the surcharges

imposed with respect to such coins to the Secretary of the Interior

for use in connection with the administration of the Endangered Species

Act of 1973, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

SEPTEMBER 7, 1995

Mr. POMBO introduced the following bill; which was referred to the Committee

on Banking and Financial Services

A BILL

To require the Secretary of the Treasury to mint coins

in commemoration of Theodore Roosevelt, to authorize

the appropriation of the surcharges imposed with respect

to such coins to the Secretary of the Interior for use

in connection with the administration of the Endangered

Species Act of 1973, 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; FINDINGS.

4 (a) SHORT TITLE.—This Act may be cited as the

5 ‘‘Theodore Roosevelt Commemorative Coin Act’’.
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1 (b) FINDINGS.—The Congress makes the following

2 findings:

3 (1) Theodore Roosevelt, the 26th President of

4 the United States, inspired and led the people of the

5 United States toward the goal of natural resource

6 conservation.

7 (2) The protection and conservation of the Na8 tion’s natural heritage requires the acquisition by

9 the United States of habitat and rights to the use

10 of habitat.

11 (3) Allowing those persons who benefit from

12 and support conservation efforts to participate in the

13 funding of those efforts is desirable and achievable

14 through the sale of collectors’ commemorative coins.

15 SEC. 2. COIN SPECIFICATIONS.

16 (a) DENOMINATIONS.—The Secretary of the Treas17 ury (hereafter in this Act referred to as the ‘‘Secretary)

18 shall mint and issue the following coins:

19 (1) $5 GOLD COINS.—5 dollar coins, which

20 shall—

21 (A) weigh 8.359 grams;

22 (B) have a diameter of 0.850 inches; and

23 (C) contain 90 percent gold and 10 percent

24 alloy.
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1 (2) $1 SILVER COINS.—1 dollar coins, which

2 shall—

3 (A) weigh 26.73 grams;

4 (B) have a diameter of 1.500 inches; and

5 (C) contain 90 percent silver and 10 per6 cent copper.

7 (3) HALF DOLLAR CLAD COINS.—Half dollar

8 coins which shall—

9 (A) weigh 11.34 grams;

10 (B) have a diameter of 1.205 inches; and

11 (C) be minted to the specifications for half

12 dollar coins contained in section 5112(b) of title

13 31, United States Code.

14 (b) AMOUNTS OF COINS.—

15 (1) GOLD COINS.—The Secretary shall issue

16 coins under subsection (a)(1) with the dates and in

17 the amounts as follows:

Year Amount

1997 ....................................... Not more than 500,000.

1998 ....................................... Not more than 500,000.

18 (2) SILVER COINS.—The Secretary shall issue

19 coins under subsection (a)(2) with the dates and in

20 the amounts as follows:

Year Amount

1997 ....................................... Not more than 1,000,000.

1998 ....................................... Not more than 1,000,000.
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1 (3) CLAD COINS.—The Secretary shall issue

2 coins under subsection (a)(3) with the dates and in

3 the amounts as follows:

Year Amount

1997 ....................................... Not more than 1,000,000.

1998 ....................................... Not more than 1,250,000.

4 (c) LEGAL TENDER.—The coins minted under this

5 Act shall be legal tender, as provided in section 5103 of

6 title 31, United States Code.

7 (d) NUMISMATIC ITEMS.—For purposes of section

8 5134 of title 31, United States Code, all coins minted

9 under this Act shall be considered to be numismatic items.

10 SEC. 3. SOURCES OF BULLION.

11 (a) GOLD.—The Secretary shall obtain gold for mint12 ing coins under this Act pursuant to the authority of the

13 Secretary under other provisions of law.

14 (b) SILVER.—The Secretary shall obtain silver for

15 minting coins under this Act only from stockpiles estab16 lished under the Strategic and Critical Materials Stock

17 Piling Act.

18 SEC. 4. DESIGN OF COINS.

19 (a) DESIGN REQUIREMENTS.—

20 (1) OBVERSE.—The obverse side of the coins

21 minted under this Act shall bear the likeness of

22 Theodore Roosevelt.
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1 (2) REVERSE.—The reverse side of the coin

2 shall be emblematic of the Nation’s natural re3 sources.

4 (3) DESIGNATION AND INSCRIPTIONS.—On

5 each coin minted under this Act there shall be—

6 (A) a designation of the value of the coin;

7 (B) an inscription of the date of the coin

8 as specified in section 2(b); and

9 (C) inscriptions of the words ‘‘Liberty’’,

10 ‘‘In God We Trust’’, ‘‘United States of Amer11 ica’’, and ‘‘E Pluribus Unum’’.

12 (b) SELECTION.—The design for the coins minted

13 under this Act shall be—

14 (1) selected by the Secretary after consultation

15 with the Commission of Fine Arts; and

16 (2) reviewed by the Citizens Commemorative

17 Coin Advisory Committee.

18 SEC. 5. ISSUANCE OF COINS.

19 (a) QUALITY OF COINS.—Coins minted under this

20 Act shall be issued in uncirculated and proof qualities.

21 (b) MINT FACILITY.—Only 1 facility of the United

22 States Mint may be used to strike any particular combina23 tion of denomination and quality of the coins minted under

24 this Act.
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1 (c) COMMENCEMENT OF ISSUANCE.—The Secretary

2 may issue coins minted under this Act beginning January

3 1, 1997.

4 (d) TERMINATION OF MINTING AUTHORITY.—No

5 coins may be minted under this Act after December 31,

6 1998.

7 SEC. 6. SALE OF COINS.

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

9 shall be sold by the Secretary at a price equal to the sum

10 of—

11 (1) the face value of the coins;

12 (2) the surcharge provided in subsection (d)

13 with respect to such coins; and

14 (3) the cost of designing and issuing the coins

15 (including labor, materials, dies, use of machinery,

16 overhead expenses, marketing, and shipping).

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

18 sales of the coins issued under this Act at a reasonable

19 discount.

20 (c) PREPAID ORDERS.—

21 (1) IN GENERAL.—The Secretary shall accept

22 prepaid orders for the coins minted under this Act

23 before the issuance of such coins.
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1 (2) DISCOUNT.—Sale prices with respect to pre2 paid orders under paragraph (1) shall be at a rea3 sonable discount.

4 (d) SURCHARGES.—All sales shall include a sur5 charge of—

6 (1) $35 per coin for the $5 coin;

7 (2) $7 per coin for the $1 coin; and

8 (3) $2 per coin for the half dollar coin.

9 SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA10 TIONS.

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

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

13 contracts shall be applicable to the procurement of goods

14 and services necessary for carrying out the provisions of

15 this Act.

16 (b) EQUAL EMPLOYMENT OPPORTUNITY.—Sub17 section (a) shall not relieve any person entering into a con18 tract under the authority of this Act from complying with

19 any law relating to equal employment opportunity.

20 SEC. 8. DISTRIBUTION OF SURCHARGES.

21 (a) ADMINISTRATION OF ENDANGERED SPECIES ACT

22 OF 1973.—All surcharges received by the Secretary from

23 the sale of coins issued under this Act shall, to the extent

24 and in amounts provided in advance in appropriation Acts,

25 be promptly made available by the Secretary to the Sec-
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1 retary of the Interior for use by such Secretary in connec2 tion with the administration of the Endangered Species

3 Act of 1973.

4 (b) EXCESS AMOUNTS.—If, after the sale of all coins

5 minted under this Act, the amount of surcharges received

6 by the Secretary from the sale of coins issued under this

7 Act exceeds the amount of such surcharges which have

8 been appropriated to the Secretary of the Interior in ac9 cordance with subsection (a), such excess amount shall be

10 deposited in the general fund of the Treasury.

11 SEC. 9. FINANCIAL ASSURANCES.

12 (a) NO NET COST TO THE GOVERNMENT.—The Sec13 retary shall take such actions as may be necessary to en14 sure that minting and issuing coins under this Act will

15 not result in any net cost to the United States Govern16 ment.

17 (b) PAYMENT FOR COINS.—A coin shall not be issued

18 under this Act unless the Secretary has received—

19 (1) full payment for the coin;

20 (2) security satisfactory to the Secretary to in21 demnify the United States for full payment; or

22 (3) a guarantee of full payment satisfactory to

23 the Secretary from a depository institution whose

24 deposits are insured by the Federal Deposit Insur-
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1 ance Corporation or the National Credit Union Ad2 ministration Board.

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