II

103D CONGRESS

1ST SESSION S. 1111

To authorize the minting of coins to commemorate the Vietnam Veterans

Memorial in Washington, D.C.

IN THE SENATE OF THE UNITED STATES

JUNE 5, 1993

Mr. KERREY (for himself, Mr. MCCAIN, and Mr. KERRY) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To authorize the minting of coins to commemorate the

Vietnam Veterans Memorial in Washington, D.C.

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 ‘‘Vietnam Veterans Me5 morial Commemorative Coin Act of 1994’’.

6 SEC. 2. COIN SPECIFICATIONS.

7 (a) ONE DOLLAR SILVER COINS.—

8 (1) ISSUANCE.—The Secretary of the Treasury

9 (hereafter in this Act referred to as the ‘‘Secretary’’)

10 shall issue not more than 500,000 $1 coins, which
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1 shall weigh 26.73 grams, have a diameter of 1.500

2 inches, and shall contain 90 percent silver and 10

3 percent copper.

4 (2) DESIGN.—The design of the coins issued

5 under this Act shall be emblematic of the Vietnam

6 Veterans Memorial in Washington, D.C. On each

7 such coin there shall be a designation of the value

8 of the coin, an inscription of the year ‘‘1994’’, and

9 inscriptions of the words ‘‘Liberty’’, ‘‘In God We

10 Trust’’, ‘‘United States of America’’, and ‘‘E

11 Pluribus Unum’’.

12 (b) LEGAL TENDER.—The coins issued under this

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

14 title 31, United States Code.

15 SEC. 3. SOURCES OF BULLION.

16 The Secretary shall obtain silver for the coins minted

17 under this Act only from stockpiles established under the

18 Strategic and Critical Materials Stock Piling Act.

19 SEC. 4. SELECTION OF DESIGN.

20 The design for the coins authorized by this Act shall

21 be selected by the Secretary after consultation with the

22 Vietnam Veterans Memorial Fund and the Commission of

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

24 States Code, the design shall also be reviewed by the Citi25 zens Commemorative Coin Advisory Committee.
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1 SEC. 5. ISSUANCE OF THE COINS.

2 (a) QUALITY OF COINS.—The coins authorized under

3 this Act may be issued in uncirculated and proof qualities.

4 (b) MINT FACILITY.—Not more than 1 facility of the

5 United States Mint may be used to strike any particular

6 quality of the coins minted under this Act.

7 (c) SUNSET PROVISION.—No coins shall be minted

8 under this Act after April 1, 1995.

9 SEC. 6. SALE OF THE 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 the face value of the coins, the surcharge provided in

13 subsection (d) with respect to such coins, and the cost of

14 designing and issuing such coins (including labor, mate15 rials, dies, use of machinery, overhead expenses, market16 ing, and shipping).

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

18 sales at a reasonable discount.

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

20 prepaid orders for the coins authorized under this Act

21 prior to the issuance of such coins. Sales under this sub22 section shall be at a reasonable discount.

23 (d) SURCHARGE REQUIRED.—All sales shall include

24 a surcharge of $10 per coin.
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1 SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA2 TIONS.

3 No provision of law governing procurement or public

4 contracts shall be applicable to the procurement of goods

5 or services necessary for carrying out the provisions of this

6 Act. Nothing in this section shall relieve any person enter7 ing into a contract under the authority of this Act from

8 complying with any law relating to equal employment op9 portunity.

10 SEC. 8. DISTRIBUTION OF SURCHARGES.

11 The total surcharges collected by the Secretary from

12 the sale of the coins issued under this Act shall be prompt13 ly paid by the Secretary to the Vietnam Veterans Memo14 rial Fund to assist the Vietnam Veterans Memorial Fund’s

15 efforts to raise an endowment to be a permanent source

16 of support for the repair, maintenance, and the addition

17 of the names of veterans to the Vietnam Veterans Memo18 rial.

19 SEC. 9. AUDITS.

20 The Comptroller General of the United States shall

21 have the right to examine such books, records, documents,

22 and other data of the Vietnam Veterans Memorial Fund

23 as may be related to the expenditure of amounts paid

24 under section 8.
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1 SEC. 10. NUMISMATIC PUBLIC ENTERPRISE FUND.

2 The coins issued under this Act are subject to the

3 provisions of section 5134 of title 31, United States Code,

4 relating to the Numismatic Public Enterprise Fund.

5 SEC. 11. FINANCIAL ASSURANCES.

6 (a) NO NET COST TO THE GOVERNMENT.—The Sec7 retary shall take all actions necessary to ensure that the

8 issuance of the coins authorized by this Act shall result

9 in no net cost to the United States Government.

10 (b) ADEQUATE SECURITY FOR PAYMENT RE11 QUIRED.—No coin shall be issued under this Act unless

12 the Secretary has received—

13 (1) full payment therefor;

14 (2) security satisfactory to the Secretary to in15 demnify the United States for full payment; or

16 (3) a guarantee of full payment satisfactory to

17 the Secretary from a depository institution whose

18 deposits are insured by the Federal Deposit Insur19 ance Corporation or the National Credit Union Ad20 ministration Board.

Æ