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[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 3356 Introduced in Senate (IS)]

110th CONGRESS
  2d Session
                                S. 3356

To require the Secretary of the Treasury to mint coins in commemoration 
of the legacy of the United States Army Infantry and the establishment 
          of the National Infantry Museum and Soldier Center.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                July 29 (legislative day, July 28), 2008

 Mr. Chambliss (for himself, Mr. Reed, and Mr. Isakson) 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 legacy of the United States Army Infantry and the establishment 
          of the National Infantry Museum and Soldier Center.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``National Infantry Museum and Soldier 
Center Commemorative Coin Act of 2008''.

SEC. 2. COIN SPECIFICATIONS.

    (a) $1 Silver Coins.--The Secretary of the Treasury (hereafter in 
this Act referred to as ``the Secretary'') shall mint and issue not 
more than 350,000 $1 coins in commemoration of the legacy of the United 
States Army Infantry and the establishment of the National Infantry 
Museum and Soldier Center, each of which shall--
            (1) weigh 26.73 grams;
            (2) have a diameter of 1.500 inches; and
            (3) contain 90 percent silver and 10 percent copper.
    (b) Legal Tender.--The coins minted under this Act shall be legal 
tender, as provided in section 5103 of title 31, United States Code.
    (c) Numismatic Items.--For purposes of sections 5134 and 5136 of 
title 31, United States Code, all coins minted under this Act shall be 
considered to be numismatic items.

SEC. 3. DESIGN OF COINS.

    (a) Design Requirements.--
            (1) In general.--The design of the coins minted under this 
        Act shall be emblematic of the courage, pride, sacrifice, sense 
        of duty, and history of the United States Infantry.
            (2) Designation and inscriptions.--On each coin minted 
        under this Act, there shall be--
                    (A) a designation of the value of the coin;
                    (B) an inscription of the year ``2012''; and
                    (C) inscriptions of the words ``Liberty'', ``In God 
                We Trust'', ``United States of America'', and ``E 
                Plurbus Unum''.
    (b) Selection.--The design for the coins minted under this Act 
shall be--
            (1) selected by the Secretary, after consultation with the 
        National Infantry Foundation and the Commission of Fine Arts; 
        and
            (2) reviewed by the Citizens Coinage Advisory Committee.

SEC. 4. ISSUANCE OF COINS.

    (a) Quality of Coins.--Coins minted under this Act shall be issued 
in uncirculated and proof qualities.
    (b) Mint Facility.--
            (1) In general.--Only 1 facility of the United States Mint 
        may be used to strike any particular quality of the coins 
        minted under this Act.
            (2) Use of the united states mint at west point, new 
        york.--It is the sense of Congress that the coins minted under 
        this Act should be struck at the United States Mint at West 
        Point, New York, to the greatest extent possible.
    (c) Period of Issuance.--The Secretary may issue coins under this 
Act only during the calendar year beginning on January 1, 2012.

SEC. 5. SALE OF COINS.

    (a) Sale Price.--The coins issued under this Act shall be sold by 
the Secretary at a price equal to the sum of--
            (1) the face value of the coins;
            (2) the surcharge provided in section 6 with respect to 
        such coins; and
            (3) the cost of designing and issuing the coins (including 
        labor, materials, dies, use of machinery, overhead expenses, 
        marketing, and shipping).
    (b) Bulk Sales.--The Secretary shall make bulk sales of the coins 
issued under this Act at a reasonable discount.
    (c) Prepaid Orders.--
            (1) In general.--The Secretary shall accept prepaid orders 
        for the coins minted under this Act before the issuance of such 
        coins.
            (2) Discount.--Sale prices with respect to prepaid orders 
        under paragraph (1) shall be at a reasonable discount.

SEC. 6. SURCHARGES.

    (a) In General.--All sales of coins issued under this Act shall 
include a surcharge of $10 per coin.
    (b) Distribution.--Subject to section 5134(f) of title 31, United 
States Code, all surcharges received by the Secretary from the sale of 
coins issued under this Act shall be paid to the National Infantry 
Foundation for the purpose of establishing an endowment to support the 
maintenance of the National Infantry Museum and Soldier Center 
following its completion.
    (c) Audits.--The Comptroller General of the United States shall 
have the right to examine such books, records, documents, and other 
data of the National Infantry Foundation as may be related to the 
expenditures of amounts paid under subsection (b).
    (d) Limitation.--Notwithstanding subsection (a), no surcharge may 
be included with respect to the issuance under this Act of any coin 
during a calendar year if, as of the time of such issuance, the 
issuance of such coin would result in the number of commemorative coin 
programs issued during such year to exceed the annual 2 commemorative 
coin program issuance limitation under section 5112(m)(1) of title 31, 
United States Code (as in effect on the date of the enactment of this 
Act). The Secretary of the Treasury may issue guidance to carry out 
this subsection.
                                 <all>
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