II 

118TH CONGRESS 

2D SESSION S. 4059 

To require the Secretary of the Treasury to mint coins to honor and 

memorialize the tragedy of the Sultana steamboat explosion of 1865. 

IN THE SENATE OF THE UNITED STATES 

MARCH 22, 2024 

Mr. BOOZMAN (for himself and Mr. COTTON) introduced the following bill; 

which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 

A BILL 

To require the Secretary of the Treasury to mint coins 

to honor and memorialize the tragedy of the Sultana 

steamboat explosion of 1865. 

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 ‘‘Sultana Steamboat 

5 Disaster Commemorative Coin Act of 2024’’. 

6 SEC. 2. FINDINGS. 

7 Congress finds the following: 

8 (1) On April 27, 1865, the Sultana, a Mis9 sissippi River paddlewheel steamboat, exploded killVerDate Sep 11 2014 05:28 Apr 09, 2024 Jkt 049200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S4059.IS S4059

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1 ing nearly 1,200 of the 2,137 passengers and crew 

2 on board. Based on the number of recorded casual3 ties, this event is the worst maritime disaster in 

4 United States history. 

5 (2) Those aboard the boat were mostly paroled 

6 Union soldiers recently released from the Confed7 erate prisoner-of-war camps in Cahaba, Alabama, 

8 and Andersonville, Georgia. These men largely 

9 hailed from Ohio, Tennessee, Indiana, Michigan, 

10 Kentucky, and West Virginia. 

11 (3) The Sultana disaster was overshadowed by 

12 other major events surrounding the end of the 

13 American Civil War, including the assassination of 

14 President Abraham Lincoln on April 15, 1865, and 

15 subsequently, the killing of President Lincoln’s as16 sassin, John Wilkes Booth, on April 26, 1865, just 

17 1 day before the Sultana disaster. 

18 (4) The Sultana Historical Preservation Society 

19 now operates the Sultana Disaster Museum in Mar20 ion, Arkansas, with artifacts, stories, and exhibits 

21 that tell this story. Plans and fundraising are pro22 gressing for a much larger facility that can better 

23 acquire and preserve the Sultana history. 


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1 SEC. 3. COIN SPECIFICATIONS. 

2 (a) DENOMINATIONS.—In recognition and remem3 brance of the tragedy of the Sultana steamboat explosion 

4 of 1865, which is the greatest maritime disaster in United 

5 States history, the Secretary of the Treasury (hereinafter 

6 in this Act referred to as the ‘‘Secretary’’) shall mint and 

7 issue the following coins: 

8 (1) $5 GOLD COINS.—Not more than 100,000 

9 $5 coins, which shall— 

10 (A) weigh 8.359 grams; 

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

12 (C) contain not less than 90 percent gold. 

13 (2) $1 SILVER COINS.—Not more than 500,000 

14 $1 coins, which shall— 

15 (A) weigh 26.73 grams; 

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

17 (C) contain not less than 90 percent silver. 

18 (3) HALF-DOLLAR CLAD COINS.—Not more 

19 than 750,000 half-dollar coins which shall— 

20 (A) weigh 11.34 grams; 

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

22 (C) be minted to the specifications for half23 dollar coins contained in section 5112(b) of title 

24 31, United States Code. 


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1 (b) LEGAL TENDER.—The coins minted under this 

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

3 title 31, United States Code. 

4 (c) NUMISMATIC ITEMS.—For purposes of sections 

5 5134 and 5136 of title 31, United States Code, all coins 

6 minted under this Act shall be considered to be numis7 matic items. 

8 SEC. 4. DESIGNS OF COIN. 

9 (a) DESIGN REQUIREMENTS.—The designs of the 

10 coins minted under this Act shall be emblematic of the 

11 historical significance of the Sultana disaster and the sac12 rifice of the many people of the United States who died 

13 and survived on April 27, 1865. 

14 (b) DESIGNATION AND INSCRIPTIONS.—On each coin 

15 minted under this Act, there shall be— 

16 (1) a designation of the value of the coin; 

17 (2) an inscription of the year ‘‘2027’’; and 

18 (3) inscriptions of the words ‘‘Liberty’’, ‘‘In 

19 God We Trust’’, ‘‘United States of America’’, and 

20 ‘‘E Pluribus Unum’’. 

21 (c) SELECTION.—The designs for the coins minted 

22 under this Act shall be— 

23 (1) selected by the Secretary after consultation 

24 with the Sultana Historical Preservation Society Inc. 

25 and the Commission of Fine Arts; and 


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1 (2) reviewed by the Citizens Coinage Advisory 

2 Committee. 

3 SEC. 5. ISSUANCE OF COINS. 

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

5 Act shall be issued in uncirculated and proof qualities. 

6 (b) PERIOD OF ISSUANCE.—The Secretary may issue 

7 coins minted under this Act only during the 1-year period 

8 beginning on January 1, 2027. 

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 sum 

12 of— 

13 (1) the face value of the coins; 

14 (2) the surcharge provided in section 7(a) with 

15 respect to such coins; and 

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

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

18 overhead expenses, marketing, and shipping). 

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

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

21 discount. 

22 (c) PREPAID ORDERS.— 

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

24 prepaid orders for the coins minted under this Act 

25 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 SEC. 7. SURCHARGES. 

5 (a) IN GENERAL.—All sales of coins issued under this 

6 Act shall include a surcharge of— 

7 (1) $35 per coin for the $5 coin; 

8 (2) $10 per coin for the $1 coin; and 

9 (3) $5 per coin for the half-dollar coin. 

10 (b) DISTRIBUTION.—Subject to section 5134(f) of 

11 title 31, United States Code, all surcharges received by 

12 the Secretary from the sale of coins issued under this Act 

13 shall be promptly paid by the Secretary to the Sultana 

14 Historical Preservation Society Inc. for the purpose of es15 tablishing, operating, and maintaining a museum to tell 

16 the story of the Sultana, including— 

17 (1) constructing the museum facility; 

18 (2) creating, maintaining, and updating as nec19 essary museum exhibits; 

20 (3) acquiring and preserving artifacts, memora21 bilia, and historic sites related to the Sultana dis22 aster; and 

23 (4) maintaining an operational reserve fund for 

24 the purposes described in this subsection. 


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1 (c) AUDITS.—The Sultana Historical Preservation 

2 Society Inc. shall be subject to the audit requirements of 

3 section 5134(f) of title 31, United States Code, with re4 gard to the amounts received under subsection (b). 

5 (d) LIMITATION.—Notwithstanding subsection (a), 

6 no surcharge may be included with respect to the issuance 

7 under this Act of any coin during a calendar year if, as 

8 of the time of such issuance, the issuance of such coin 

9 would result in the number of commemorative coin pro10 grams issued during such year to exceed the annual 2 

11 commemorative coin program issuance limitation under 

12 section 5112(m)(1) of title 31, United States Code (as in 

13 effect on the date of enactment of this Act). The Secretary 

14 may issue guidance to carry out this subsection. 

15 SEC. 8. FINANCIAL ASSURANCES. 

16 The Secretary shall take such actions as may be nec17 essary to ensure that— 

18 (1) minting and issuing coins under this Act 

19 will not result in any net cost to the United States 

20 Government; and 

21 (2) no funds, including applicable surcharges, 

22 are disbursed to the recipient designated in section 

23 7 until the total cost of designing and issuing all of 

24 the coins authorized by this Act (including labor, 

25 materials, dies, use of machinery, overhead expenses, 


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1 marketing, and shipping) is recovered by the United 

2 States Treasury, consistent with sections 5112(m) 

3 and 5134(f) of title 31, United States Code. 

Æ 


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