II

103D CONGRESS

1ST SESSION S. 1539

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

of Franklin Delano Roosevelt on the occasion of the 50th Anniversary

of the death of President Roosevelt.

IN THE SENATE OF THE UNITED STATES

OCTOBER 13, 1993

Mr. INOUYE (for himself, Mr. HATFIELD, Mr. LEVIN, and Mr. D’AMATO) 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 Franklin Delano Roosevelt on the

occasion of the 50th Anniversary of the death of President Roosevelt.

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 ‘‘1995 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) the year 1995 marks the 50th anniversary

6 of the death of President Franklin Delano Roosevelt,

7 who died April 12, 1945, in Warm Springs, Georgia;

8 (3) Franklin Delano Roosevelt served his coun9 try as the 32d President from 1932 until his death

10 in 1945. He is the only United States President

11 elected to four terms in office;

12 (4) Franklin Delano Roosevelt served the State

13 of New York as Governor from 1928 through 1932;

14 (5) Franklin Delano Roosevelt served his coun15 try as the United States Assistant Secretary of the

16 Navy from 1913 through 1920;

17 (6) Franklin Delano Roosevelt piloted the

18 American people through the economic chaos of the

19 Great Depression;

20 (7) Franklin Delano Roosevelt, as our com21 mander in chief, led the American people through

22 the turmoil of World War II;

23 (8) Franklin Delano Roosevelt established So24 cial Security, thus providing all Americans with a

25 more abundant and secure life;
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1 (9) Franklin Delano Roosevelt was the author

2 of ‘‘The Four Freedoms: Freedom of Speech, Free3 dom of Worship, Freedom from Want, and Freedom

4 from Fear’’;

5 (10) Franklin Delano Roosevelt was the found6 er of the National Foundation for Infantile Paral7 ysis, parent organization of the March of Dimes; and

8 (11) Franklin Delano Roosevelt was the chief

9 architect of the United Nations.

10 SEC. 3. COIN SPECIFICATIONS.

11 (a) ONE DOLLAR SILVER COINS.—

12 (1) ISSUANCE.—The Secretary shall issue not

13 more than 500,000 one dollar coins which shall

14 weigh 26.73 grams, have a diameter of 1.500 inches,

15 and shall contain 90 percent silver and 10 percent

16 copper.

17 (2) DESIGN.—The design of the dollar coins

18 shall bear a likeness of Franklin Delano Roosevelt.

19 On each such coin there shall be a designation of the

20 value of the coin, an inscription of the year ‘‘1995’’,

21 and inscriptions of the terms ‘‘Liberty’’, ‘‘In God We

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

23 Pluribus Unum’’.

24 (3) ALTERATIONS.—Additions or alterations to

25 the design of the coin shall be made only after con-
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1 sultation with, and approval by, the Franklin Delano

2 Roosevelt Memorial Commission.

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

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

5 title 31, United States Code.

6 (c) NUMISMATIC ITEMS.—The coins issued under this

7 Act shall be numismatic items for purposes of section

8 5134 of title 31, United States Code.

9 SEC. 4. SOURCES OF BULLION.

10 The Secretary shall obtain silver for the coins minted

11 under this Act from stockpiles established under the Stra12 tegic and Critical Materials Stock Piling Act (50 U.S.C.

13 98 et seq.).

14 SEC. 5. SELECTION OF DESIGN.

15 The design for each coin authorized by this Act shall

16 be selected by the Secretary after consultation with the

17 Franklin Delano Roosevelt Memorial Commission.

18 SEC. 6. SALE OF COINS.

19 (a) SALE PRICE.—Notwithstanding any provision of

20 law, the coins issued under this Act shall be sold by the

21 Secretary at a price equal to the face value, plus the cost

22 of designing and issuing such coins (including labor, mate23 rials, dies, use of machinery, overhead expenses, market24 ing, and shipping).
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1 (b) PREPAID ORDERS AT A DISCOUNT.—The Sec2 retary shall accept prepaid orders for the coins prior to

3 the issuance of such coins. Sales under this subsection

4 shall be at a reasonable discount to reflect the benefit of

5 prepayment.

6 (c) SURCHARGE REQUIRED.—All sales shall include

7 a surcharge of $10 per coin.

8 SEC. 7. ISSUANCE OF THE COINS.

9 (a) PERIOD FOR ISSUANCE.—The coins authorized

10 under this Act shall be available for issue not later than

11 January 1, 1995, but shall be issued only during the 1-

12 year period beginning on such date.

13 (b) PROOF AND UNCIRCULATED COINS.—The coins

14 authorized under this Act shall be issued in uncirculated

15 and proof qualities. Not more than 1 facility of the Bureau

16 of the Mint may be used to strike any particular combina17 tion of denomination and quality.

18 SEC. 8. GENERAL WAIVER OF PROCUREMENT REGULA19 TIONS.

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

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

22 contracts shall be applicable to the procurement of goods

23 or services required to carry out this Act.

24 (b) EQUAL EMPLOYMENT OPPORTUNITY.—Sub25 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. 9. DISTRIBUTION OF SURCHARGES.

4 The surcharges received by the Secretary from the

5 sale of the coins issued under this Act shall be promptly

6 paid by the Secretary in the following manner:

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

8 surcharges shall be paid to the National Park Foun9 dation Restricted Account for the Franklin Delano

10 Roosevelt Memorial.

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

12 surcharges shall be paid to the National Park Serv13 ice Restricted Construction Account for the Franklin

14 Delano Roosevelt Memorial.

15 SEC. 10. AUDITS.

16 The Comptroller General of the United States shall

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

18 and other data of the account referred to in section 9 as

19 may be related to the expenditure of amounts paid under

20 such section.

21 SEC. 11. 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 the minting and issuance of the coins referred
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1 to in section 3 shall not result in any net cost to the Fed2 eral Government.

3 (b) PAYMENT FOR ISSUANCE OF COINS.—No coin

4 shall be issued under this Act unless the Secretary has

5 received—

6 (1) full payment for such coin;

7 (2) security satisfactory to the Secretary to in8 demnify the United States for full payment; or

9 (3) a guarantee of full payment satisfactory to

10 the Secretary from a depository institution whose

11 deposits are insured by the Federal Deposit Insur12 ance Corporation or the National Credit Union Ad13 ministration.

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