I

103D CONGRESS

1ST SESSION H. R. 3666

To require the Secretary of the Treasury to mint and issue $1 coins in

commemoration of the 50th anniversary of the end of World War II

and General George C. Marshall’s service therein.

IN THE HOUSE OF REPRESENTATIVES

NOVEMBER 22, 1993

Mr. MURPHY (for himself and Mr. MURTHA) introduced the following bill;

which was referred to the Committee on Banking, Finance and Urban Affairs

A BILL

To require the Secretary of the Treasury to mint and issue

$1 coins in commemoration of the 50th anniversary of

the end of World War II and General George C. Marshall’s service therein.

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 ‘‘George C. Marshall

5 Commemorative Coin Act of 1993’’.

6 SEC. 2. GEORGE C. MARSHALL COMMEMORATIVE COINS.

7 (a) ONE-DOLLAR SILVER COINS.—
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1 (1) ISSUANCE.—The Secretary of the Treasury

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

3 shall mint and issue not more than 500,000 $1 coins

4 in commemoration of the end of World War II and

5 General George C. Marshall’s participation in service

6 during World War II.

7 (2) SPECIFICATIONS AND DESIGN OF COINS.—

8 The coins issued under this Act shall—

9 (A) weigh 26.73 grams;

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

11 (C) contain 90 percent silver and 10 per12 cent copper.

13 (3) DESIGN.—The design of the coins issued

14 under this Act shall have the likeness of George C.

15 Marshall on obverse side of such coin. On each coin

16 there shall be a designation of the value of the coin,

17 an inscription of the year ‘‘1995’’, and inscriptions

18 of the words ‘‘Liberty’’, ‘‘In God We Trust’’, ‘‘Unit19 ed States of America’’, and ‘‘E Pluribus Unum’’.

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

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

22 title 31, United States Code.

23 (c) NUMISMATIC ITEMS.—For purposes of section

24 5132(a)(1) of title 31, United States Code, the coins mint-
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1 ed under this Act shall be considered to be numismatic

2 items.

3 SEC. 3. SOURCES OF BULLION.

4 The Secretary shall obtain silver for the coins minted

5 under this Act only from stockpiles established under the

6 Strategic and Critical Materials Stock Piling Act.

7 SEC. 4. SELECTION OF DESIGN.

8 The design for the coins authorized by this Act shall

9 be—

10 (1) selected by the Secretary after consultation

11 with the Friends of George C. Marshall and the

12 Commission of Fine Arts; and

13 (2) reviewed by the Citizens Commemorative

14 Advisory Committee.

15 SEC. 5. MINTING AND ISSUANCE OF COINS.

16 (a) UNCIRCULATED AND PROOF QUALITIES.—The

17 Secretary may mint and issue the coins authorized under

18 this Act in uncirculated and proof qualities.

19 (b) USE OF THE UNITED STATES MINT.—The Sec20 retary may not use more than 1 facility of the United

21 States Mint to strike each quality of the coins minted

22 under this Act.

23 (c) COMMENCEMENT OF AUTHORITY TO SELL

24 COINS.—The Secretary may begin selling the coins minted

25 under this Act on January 1, 1995.
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1 (d) TERMINATION OF AUTHORITY TO MINT

2 COINS.—The Secretary may not mint the coins authorized

3 under this Act after December 31, 1995.

4 SEC. 6. SALE OF COINS.

5 (a) SALE PRICE.—The coins authorized under this

6 Act shall be sold by the Secretary at a price equal to the

7 sum of the face value of the coins, the surcharge provided

8 in subsection (c) with respect to such coins, and the cost

9 of designing and issuing the coins (including labor, mate10 rials, dies, use of machinery, overhead expenses, market11 ing, and shipping).

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

13 bulk sales of the coins issued under this Act at a reason14 able discount.

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

16 prepaid orders for the coins authorized under this Act be17 fore the issuance of such coins. Sale prices with respect

18 to such repaid orders shall be at a reasonable discount.

19 (d) SURCHARGES.—All sales shall include a sur20 charge of $7 per coin.

21 SEC. 7. DISTRIBUTION OF SURCHARGES.

22 All surcharges received by the Secretary from the sale

23 of coins issued under this Act shall be promptly paid by

24 the Secretary to the Friends of George C. Marshall to be
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1 used solely for the construction of the George C. Marshall

2 Memorial and Visitor Center in Uniontown, Pennsylvania.

3 SEC. 8. AUDITS.

4 The Comptroller General of the United States shall

5 conduct an annual audit of such books, records, docu6 ments, and other data of the Friends of George C. Mar7 shall, as may be related to the expenditures of amounts

8 paid under section 7 until all amounts have been received

9 by the Friends of George C. Marshall and the expenditures

10 of such amounts have been audited.

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 the minting and issuance of the coins authorized

15 under this Act shall result in no net costs to the Federal

16 Government.

17 (b) PAYMENTS FOR THE COINS.—The Secretary may

18 not sell a coin minted under this Act unless the Secretary

19 has received—

20 (1) full payment for such coin;

21 (2) security satisfactory to the Secretary to in22 demnify the Federal Government for full payment;

23 or

24 (3) a guarantee of full payment satisfactory to

25 the Secretary from a depository institution whose
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1 deposits are insured by the Federal Deposit Insur2 ance Corporation or the National Credit Union Ad3 ministration Board.

4 SEC. 10. GENERAL WAIVER OF PROCUREMENT REGULA5 TIONS.

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

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

8 contracts shall be applicable to the procurement of goods

9 and services necessary for carrying out the provisions of

10 this Act.

11 (b) EQUAL EMPLOYMENT OPPORTUNITY.—Sub12 section (a) shall not relieve any person entering into a con13 tract under the authority of this Act from complying with

14 any law relating to equal employment opportunity.

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