Calendar No. 238

103D CONGRESS

1ST SESSION S. 1159

A BILL

To require the Secretary of the Treasury to mint

served in the Armed Forces of the United States.coins in commemoration of women who have

OCTOBER 20 (legislative day, OCTOBER 13), 1993

Reported with amendments
II

Calendar No. 238

103D CONGRESS

1ST SESSION S. 1159

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

of women who have served in the Armed Forces of the United States.

IN THE SENATE OF THE UNITED STATES

JUNE 24 (legislative day, JUNE 22), 1993

Mr. MURKOWSKI (for himself, Mr. ROCKEFELLER, Mr. AKAKA, Mr. BINGAMAN, Mr. BROWN, Mr. BUMPERS, Mr. COCHRAN, Mr. CONRAD, Mr.

DASCHLE, Mr. DECONCINI, Mr. DOLE, Mr. DOMENICI, Mr. DURENBERGER, Mrs. FEINSTEIN, Mr. GORTON, Mr. HATCH, Mr. INOUYE, Mr.

JEFFORDS, Mrs. KASSEBAUM, Mr. KEMPTHORNE, Mr. KOHL, Mr. LAUTENBERG, Mr. LIEBERMAN, Mr. LEVIN, Mr. PELL, Mr. PRESSLER, Mr.

SARBANES, Mr. SIMON, Mr. SIMPSON, Mr. SPECTER, Mr. STEVENS, Mr.

THURMOND, Mr. COHEN, Mr. CRAIG, Ms. MOSELEY-BRAUN, Mr. MACK,

Mr. METZENBAUM, Mr. HEFLIN, Mr. ROTH, Mr. WARNER, Mr.

D’AMATO, Mr. KENNEDY, Mr. MITCHELL, Ms. MIKULSKI, Mr. NICKLES,

Mr. GRAHAM, Mr. BURNS, Mr. GLENN, Mrs. HUTCHISON, Mr. ROBB, Mr.

PACKWOOD, Mr. MCCAIN, Mr. COATS, Mr. LUGAR, Mr. DORGAN, and Mr.

LOTT) introduced the following bill; which was read twice and referred

to the Committee on Banking, Housing, and Urban Affairs

OCTOBER 20 (legislative day, OCTOBER 13), 1993

Reported by Mr. RIEGLE, with amendments

[Omit the part struck through and insert the part printed in italic]

A BILL

To require the Secretary of the Treasury to mint coins

in commemoration of women who have served in the

Armed Forces of the United States.
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•S 1159 RS

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 ‘‘Women in the Armed

5 Forces Commemorative Coins Act’’.

6 SEC. 2. WOMEN IN MILITARY SERVICE COMMEMORATIVE

7 COINS.

8 The Secretary of the Treasury (hereafter in this Act

9 referred to as the ‘‘Secretary’’) shall mint and issue coins

10 in accordance with this Act to commemorate the women

11 who have served in the Armed Forces of the United

12 States.

13 SEC. 3. SPECIFICATIONS OF COINS.

14 (a) DENOMINATIONS.—The Secretary shall mint and

15 issue the following coins:

16 (1) FIVE DOLLAR GOLD COINS.—Not more than

17 50,000 five dollar gold coins, each of which shall—

18 (A) weigh 8.359 grams;

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

20 (C) be composed of 90 percent gold and 10

21 percent alloy.

22 (2) ONE DOLLAR SILVER COINS.—Not more

23 than 500,000 one dollar silver coins, each of which

24 shall—

25 (A) weigh 26.73 grams;
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1 (B) have a diameter of 1.500 inches; and

2 (C) be composed of 90 percent silver and

3 10 percent copper.

4 (b) 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 SEC. 4. SOURCES OF BULLION.

8 (a) GOLD.—The Secretary shall obtain gold for mint9 ing coins under this Act pursuant to the authority of the

10 Secretary under existing law.

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

12 minting coins under this Act only from stockpiles estab13 lished under the Strategic and Critical Minerals Stock Pil14 ing Act.

15 SEC. 5. DESIGN OF COINS.

16 (a) DESIGN REQUIREMENTS.—

17 (1) IN GENERAL.—The design of the coins au18 thorized under this Act shall, in accordance with

19 subsection (b), be symbolic of women’s service in the

20 Armed Forces of the United States.

21 (2) DESIGNATIONS AND INSCRIPTIONS.—Each

22 coin authorized under this Act shall bear a designa23 tion of the value of the coin, an inscription of the

24 year the coin is issued, and inscriptions of the words
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1 ‘‘Liberty’’, ‘‘In God We Trust’’, ‘‘United States of

2 America’’, and ‘‘E Pluribus Unum’’.

3 (b) SELECTION OF DESIGN.—The design for each

4 coin authorized by this Act shall be selected by the Sec5 retary after consultation with the Women in Military Serv6 ice for America Memorial Foundation and the Commission

7 of Fine Arts. As required by section 5135 of title 31, United

8 States Code, the design shall also be reviewed by the Citizens

9 Commemorative Coin Advisory Committee.

10 SEC. 6. ISSUANCE OF COINS.

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

12 Act may be issued in uncirculated and proof qualities.

13 (b) MINT FACILITY.—Only one facility of the United

14 States Mint may be used to strike any particular combina15 tion of denomination and quality for the coins minted

16 under this Act.

17 (c) COMMENCEMENT OF ISSUANCE.—The Secretary

18 may issue the coins minted under this Act beginning on

19 November 1, 1993.

20 (d) TERMINATION OF AUTHORITY.—Coins may not

21 be minted under this Act after the date that is 1 year

22 after the date on which the Secretary commences the issu23 ing of coins under this section.

24 (e) PROMOTION CONSULTATION.—
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1 (1) IN GENERAL.—In consultation with the

2 Women in Military Service for America Memorial

3 Foundation, the Secretary shall determine the role

4 such Foundation shall have in the promotion, adver5 tising, or marketing of the coins authorized under

6 this Act.

7 (2) CONTRACT.—The Secretary shall enter into

8 a contract involving the promotion, advertising, or

9 marketing of such coins with the Foundation if the

10 Secretary decides such a contract would be beneficial

11 in the sale of the coins.

12 SEC. 7. SALE OF COINS.

13 (a) IN GENERAL.—The Secretary shall sell coins

14 minted under this Act at a price equal to the sum of the

15 face value of the coins, the surcharge provided in sub16 section (d) with respect to such coins, and the cost of de17 signing and issuing the coins (including labor, materials,

18 dies, use of machinery, and overhead expenses).

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

20 bulk sales of the coins minted under this Act at a reason21 able discount to reflect the lower costs of such sales.

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

23 prepaid orders for the coins minted under this Act prior

24 to the issuance of such coins. Sale prices with respect to

25 such prepaid orders shall be at a reasonable discount.
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1 (d) SURCHARGES.—All sales of coins minted under

2 this Act shall include a surcharge of $40 per coin for the

3 5 dollar coins and $11 per coin for the one dollar coins.

4 SEC. 8. FINANCIAL ASSURANCES.

5 (a) NO NET COST TO GOVERNMENT.—The Secretary

6 shall take such actions as may be necessary to ensure that

7 minting and issuing coins under this Act will not result

8 in any net cost to the Federal Government.

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

10 under this Act unless the Secretary has received—

11 (1) full payment for the coin;

12 (2) security satisfactory to the Secretary to in13 demnify the United States for full payment; or

14 (3) a guarantee of full payment satisfactory to

15 the Secretary from a depository institution whose

16 deposits are insured by the Federal Government.

17 SEC. 9. USE OF SURCHARGES.

18 (a) IN GENERAL.—Surcharges received from the sale

19 of coins minted under this Act shall be transferred by the

20 Secretary to the Women in Military Service for America

21 Memorial Foundation, and used to create, to endow, and

22 to dedicate the Women in the Armed Forces Memorial.

23 (b) USE OF FUNDS IF NOT USED FOR MEMORIAL.—

24 Of the amounts received by the Women in Military Service

25 for America Memorial Foundation, any amount in excess
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1 of the amount spent by the Foundation for the uses de2 scribed in subsection (a) shall be transferred to the Sec3 retary for deposit in the account provided for in section

4 8(b)(1) of the Act entitled ‘‘An Act to provide standards

5 for placement of commemorative works on certain Federal

6 lands in the District of Columbia and its environs, and

7 for other purposes’’ and approved November 14, 1986 (40

8 U.S.C. 1008).

9 (c) AUDITS.—The Comptroller General of the United

10 States shall conduct an annual audit of any books,

11 records, documents, and other data belonging to the

12 Women in Military Service for America Memorial Founda13 tion as may be related to the expenditure of amounts paid

14 under subsection (a).

15 SEC. 10. GENERAL WAIVER OF PROCUREMENT REGULA16 TIONS.

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

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

19 contracts shall be applicable to the procurement of goods

20 and services necessary for carrying out the provisions of

21 this Act relating to the minting or selling of the coins au22 thorized by this Act.

23 (b) EQUAL EMPLOYMENT OPPORTUNITY.—Sub24 section (a) shall not relieve any person entering into a con-
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1 tract under the authority of this Act from complying with

2 any law relating to equal employment opportunity.

3 SEC. 11. COINAGE PROFIT FUND.

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

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

6 coinage profit fund.

7 (b) PAYMENTS.—The Secretary shall pay the

8 amounts authorized under section 9 from the coinage prof9 it fund.

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

11 coinage profit fund with all expenditures under this Act.

12 SEC. 11. NUMISMATIC PUBLIC ENTERPRISE FUND.

13 The coins issued under this Act are subject to the pro14 visions of section 5134 of title 31, United States Code, relat15 ing to the Numismatic Public Enterprise Fund.