II

104TH CONGRESS

1ST SESSION S. 953

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

of black revolutionary war patriots.

IN THE SENATE OF THE UNITED STATES

JUNE 21 (legislative day, JUNE 19), 1995

Mr. CHAFEE (for himself, Ms. MOSELEY-BRAUN, Mr. SIMON, Mr. CAMPBELL,

Mr. THOMPSON, and Mr. PELL) 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 black revolutionary war patriots.

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 ‘‘Black Revolutionary

5 War Patriots Commemorative Coin Act’’.

6 SEC. 2. COIN SPECIFICATIONS.

7 (a) $1 SILVER COINS.—The Secretary of the Treas8 ury (hereafter in this Act referred to as the ‘‘Secretary’’)
2

•S 953 IS

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

2 of which shall—

3 (1) weigh 26.73 grams;

4 (2) have a diameter of 1.500 inches; and

5 (3) contain 90 percent silver and 10 percent

6 copper.

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

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

9 title 31, United States Code.

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

11 5134 of title 31, United States Code, all coins minted

12 under this Act shall be considered to be numismatic items.

13 SEC. 3. SOURCES OF BULLION.

14 The Secretary shall obtain silver for minting coins

15 under this Act only from stockpiles established under the

16 Strategic and Critical Materials Stock Piling Act.

17 SEC. 4. DESIGN OF COINS.

18 (a) DESIGN REQUIREMENTS.—

19 (1) IN GENERAL.—The design of the coins

20 minted under this Act shall be emblematic of the de21 sign selected by the Black Revolutionary War Patri22 ots Foundation for the Black Revolutionary War

23 Patriots Memorial in Washington, D.C.

24 (2) DESIGNATION AND INSCRIPTIONS.—On

25 each coin minted under this Act there shall be—
3

•S 953 IS

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

2 (B) an inscription of the year ‘‘1996’’ or

3 ‘‘1997’’; and

4 (C) inscriptions of the words ‘‘Liberty’’,

5 ‘‘In God We Trust’’, ‘‘United States of Amer6 ica’’, and ‘‘E Pluribus Unum’’.

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

8 under this Act shall be—

9 (1) selected by the Secretary after consultation

10 with the Black Revolutionary War Patriots Founda11 tion and the Commission of Fine Arts; and

12 (2) reviewed by the Citizens Commemorative

13 Coin Advisory Committee.

14 SEC. 5. ISSUANCE OF COINS.

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

16 Act shall be issued in uncirculated and proof qualities.

17 (b) MINT FACILITY.—Only 1 facility of the United

18 States Mint may be used to strike any particular quality

19 of the coins minted under this Act.

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

21 issue coins minted under this Act only during the period

22 beginning on May 15, 1996, and ending on May 15, 1997.
4

•S 953 IS

1 SEC. 6. 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 $10 per coin.

23 SEC. 7. 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
5

•S 953 IS

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. 8. 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 to the Black Revolu12 tionary War Patriots Foundation for the purpose of estab13 lishing an endowment to support the construction of a

14 Black Revolutionary War Patriots Memorial in Washing15 ton, D.C.

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

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

18 documents, and other data of Black Revolutionary War

19 Patriots Foundation as may be related to the expenditures

20 of amounts paid under subsection (a).

21 SEC. 9. FINANCIAL ASSURANCES.

22 (a) NO NET COST TO THE GOVERNMENT.—The Sec23 retary shall take such actions as may be necessary to en24 sure that minting and issuing coins under this Act will
6

•S 953 IS

1 not result in any net cost to the United States Govern2 ment.

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

4 under this Act unless the Secretary has received—

5 (1) full payment for the coin;

6 (2) security satisfactory to the Secretary to in7 demnify the United States for full payment; or

8 (3) a guarantee of full payment satisfactory to

9 the Secretary from a depository institution whose

10 deposits are insured by the Federal Deposit Insur11 ance Corporation or the National Credit Union Ad12 ministration Board.

Æ