II

103D CONGRESS

2D SESSION S. 2007

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

of the 50th anniversary of the end of World War II and General George

C. Marshall’s service therein.

IN THE SENATE OF THE UNITED STATES

APRIL 11, 1994

Mr. WOFFORD 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 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 1994’’.

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

2 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 issued 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, the 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 have the likeness of

21 George C. Marshall on the obverse side of such

22 coins.

23 (2) DESIGNATION AND INSCRIPTIONS.—On

24 each coin minted under this Act there shall be—

25 (A) a designation of the value of the coin;
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1 (B) an inscription of the year ‘‘1995’’; and

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

3 ‘‘In God We Trust’’, ‘‘United States of Amer4 ica’’, and ‘‘E Pluribus Unum’’.

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

6 under this Act shall be—

7 (1) selected by the Secretary after consultation

8 with the Friends of George C. Marshall and the

9 Commission of Fine Arts; and

10 (2) reviewed by the Citizens Commemorative

11 Coin Advisory Committee.

12 SEC. 5. ISSUANCE OF COINS.

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

14 Act shall be issued in uncirculated and proof qualities.

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

16 States Mint may be used to strike any particular quality

17 of the coins minted under this Act.

18 (c) COMMENCEMENT OF ISSUANCE.—The Secretary

19 may issue coins minted under this Act beginning January

20 1, 1995.

21 (d) TERMINATION OF MINTING AUTHORITY.—No

22 coins may be minted under this Act after December 31,

23 1995.
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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 $7 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
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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. 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 Friends of

12 George C. Marshall to be used solely for the construction

13 of the George C. Marshall Memorial and Visitor Center

14 in Uniontown, Pennsylvania.

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

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

17 documents, and other data of the Friends of George C.

18 Marshall as may be related to the expenditures of amounts

19 paid under subsection (a).

20 SEC. 9. FINANCIAL ASSURANCES.

21 (a) NO NET COST TO THE GOVERNMENT.—The Sec22 retary shall take such actions as may be necessary to en23 sure that minting and issuing coins under this Act will

24 not result in any net cost to the United States Govern25 ment.
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1 (b) PAYMENT FOR COINS.—A coin shall not be issued

2 under this Act unless the Secretary has received—

3 (1) full payment for the coin;

4 (2) security satisfactory to the Secretary to in5 demnify the United States for full payment; or

6 (3) a guarantee of full payment satisfactory to

7 the Secretary from a depository institution whose

8 deposits are insured by the Federal Deposit Insur9 ance Corporation or the National Credit Union Ad10 ministration Board.

Æ