II

104TH CONGRESS

1ST SESSION S. 446

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

of the public opening of the Franklin Delano Roosevelt Memorial in

Washington, D.C.

IN THE SENATE OF THE UNITED STATES

FEBRUARY 16 (legislative day, JANUARY 30), 1995

Mr. INOUYE (for himself, Mr. HATFIELD, Mr. LEVIN, Mr. D’AMATO, Mr.

AKAKA, Mr. COCHRAN, Mr. DODD, Mr. GRASSLEY, Mr. HATCH, Mr.

HEFLIN, Mr. HOLLINGS, Mr. KENNEDY, Ms. MIKULSKI, Mr. MOYNIHAN,

Mr. ROBB, and Mr. SIMON) 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

in commemoration of the public opening of the Franklin

Delano Roosevelt 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 ‘‘1997 Franklin Delano

5 Roosevelt Commemorative Coin Act’’.

6 SEC. 2. FINDINGS.

7 The Congress finds that—
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1 (1) the people of the United States feel a deep

2 debt of gratitude to Franklin Delano Roosevelt for

3 his leadership in America’s struggle for peace, well4 being, and human dignity;

5 (2) Franklin Delano Roosevelt served his coun6 try as the thirty-second President from 1932 until

7 his death in 1945, and is the only United States

8 President elected to 4 terms in office;

9 (3) Franklin Delano Roosevelt served the State

10 of New York as Governor from 1928 through 1932;

11 (4) Franklin Delano Roosevelt served his coun12 try as the United States Assistant Secretary of the

13 Navy from 1913 through 1920;

14 (5) Franklin Delano Roosevelt piloted the

15 American people through the economic chaos of the

16 Great Depression;

17 (6) Franklin Delano Roosevelt, as our com18 mander in chief, led the American people through

19 the turmoil of World War II;

20 (7) Franklin Delano Roosevelt established So21 cial Security, thus providing all Americans with a

22 more abundant and secure life;

23 (8) Franklin Delano Roosevelt was the author

24 of ‘‘The Four Freedoms: Freedom of Speech, Free-
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1 dom of Worship, Freedom from Want, and Freedom

2 from Fear’’;

3 (9) Franklin Delano Roosevelt was the founder

4 of the National Foundation for Infantile Paralysis,

5 parent organization of the March of Dimes;

6 (10) Franklin Delano Roosevelt was the chief

7 architect of the United Nations;

8 (11) after many years of planning, the Franklin

9 Delano Roosevelt Memorial will soon join the memo10 rials of Washington, Jefferson, and Lincoln as a

11 tribute to another great American leader;

12 (12) the Franklin Delano Roosevelt Memorial

13 will be a series of 4 large outdoor rooms encompass14 ing over 7 acres, and will be situated between the

15 Lincoln and Jefferson memorials in Washington,

16 D.C.; and

17 (13) in 1997, the Nation will celebrate the pub18 lic opening of this magnificent memorial, honoring

19 one of our greatest Presidents.

20 SEC. 3. COIN SPECIFICATIONS.

21 (a) HALF DOLLAR SILVER COINS.—The Secretary of

22 the Treasury (hereafter in this Act referred to as the ‘‘Sec23 retary’’) shall mint and issue not more than 500,000 half

24 dollar coins, each of which shall—

25 (1) weigh 12.50 grams;
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1 (2) have a diameter of 30.61 millimeters; and

2 (3) contain 90 percent silver and 10 percent

3 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 (c) 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. 4. SOURCES OF BULLION.

11 The Secretary shall obtain silver for minting coins

12 under this Act only from stockpiles established under the

13 Strategic and Critical Materials Stock Piling Act.

14 SEC. 5. DESIGN OF COINS.

15 (a) DESIGN REQUIREMENTS.—

16 (1) IN GENERAL.—The obverse side of each

17 coin minted under this Act shall bear a likeness of

18 Franklin Delano Roosevelt, the thirty-second Presi19 dent of the United States. The reverse side of each

20 coin shall be emblematic of the Franklin Delano

21 Roosevelt Memorial in Washington, D.C.

22 (2) DESIGNATION AND INSCRIPTIONS.—On

23 each coin minted under this Act there shall be—

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

25 (B) an inscription of the year ‘‘1997’’; and
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1 (C) inscriptions of the words ‘‘Liberty’’,

2 ‘‘In God We Trust’’, ‘‘United States of Amer3 ica’’, and ‘‘E Pluribus Unum’’.

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

5 under this Act shall be—

6 (1) selected by the Secretary after consultation

7 with the Franklin Delano Roosevelt Memorial Com8 mission and the Commission of Fine Arts; and

9 (2) reviewed by the Citizens Commemorative

10 Coin Advisory Committee.

11 (c) ADDITIONS AND ALTERATIONS.—No addition or

12 alteration to the design selected in accordance with sub13 section (b) shall be made without the approval of the

14 Franklin Delano Roosevelt Memorial Commission.

15 SEC. 6. ISSUANCE OF COINS.

16 (a) QUALITY AND MINT FACILITY.—The coins au17 thorized under this Act may be issued in uncirculated and

18 proof qualities and shall be struck at the United States

19 Bullion Depository at West Point.

20 (b) PERIOD FOR ISSUANCE.—The Secretary may

21 issue coins minted under this Act only during the period

22 beginning on January 1, 1997, and ending on December

23 31, 1997.
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1 SEC. 7. SALE OF COINS.

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

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

4 of—

5 (1) the face value of the coins;

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

7 with respect to such coins; and

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

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

10 overhead expenses, marketing, and shipping).

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

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

13 discount.

14 (c) PREPAID ORDERS.—

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

16 prepaid orders for the coins minted under this Act

17 before the issuance of such coins.

18 (2) DISCOUNT.—Sale prices with respect to pre19 paid orders under paragraph (1) shall be at a rea20 sonable discount.

21 (d) SURCHARGES.—All sales shall include a sur22 charge of $3 per coin.

23 SEC. 8. GENERAL WAIVER OF PROCUREMENT REGULA24 TIONS.

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

26 (b), no provision of law governing procurement or public
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1 contracts shall be applicable to the procurement of goods

2 and services necessary for carrying out the provisions of

3 this Act.

4 (b) EQUAL EMPLOYMENT OPPORTUNITY.—Sub5 section (a) shall not relieve any person entering into a con6 tract under the authority of this Act from complying with

7 any law relating to equal employment opportunity.

8 SEC. 9. DISTRIBUTION OF SURCHARGES.

9 (a) IN GENERAL.—All surcharges received by the

10 Secretary from the sale of coins issued under this Act shall

11 be promptly paid by the Secretary as follows:

12 (1) An amount equal to 50 percent of the total

13 surcharges shall be paid to the National Park Foun14 dation Restricted Account for the Franklin Delano

15 Roosevelt Memorial.

16 (2) An amount equal to 50 percent of the total

17 surcharges shall be paid to the National Park Serv18 ice Restricted Construction Account for the Franklin

19 Delano Roosevelt Memorial.

20 (b) AUDITS.—The Comptroller General of the United

21 States shall have the right to examine such books, records,

22 documents, and other data of the accounts referred to in

23 subsection (a) as may be related to the expenditures of

24 amounts paid under such subsection.
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1 SEC. 10. FINANCIAL ASSURANCES.

2 (a) NO NET COST TO THE GOVERNMENT.—The Sec3 retary shall take such actions as may be necessary to en4 sure that minting and issuing coins under this Act will

5 not result in any net cost to the United States Govern6 ment.

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

8 under this Act unless the Secretary has received—

9 (1) full payment for the coin;

10 (2) security satisfactory to the Secretary to in11 demnify the United States for full payment; or

12 (3) a guarantee of full payment satisfactory to

13 the Secretary from a depository institution whose

14 deposits are insured by the Federal Deposit Insur15 ance Corporation or the National Credit Union Ad16 ministration Board.

Æ