I 

113TH CONGRESS 

1ST SESSION H. R. 3729 

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

of the 100th anniversary of the beginning of Korean immigration into 

the United States. 

IN THE HOUSE OF REPRESENTATIVES 

DECEMBER 12, 2013 

Mr. ANDREWS introduced the following bill; which was referred to the 

Committee on Financial Services 

A BILL 

To require the Secretary of the Treasury to mint coins 

in commemoration of the 100th anniversary of the beginning of Korean immigration into the United States. 

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 ‘‘Korean Immigration 

5 Commemorative Coin Act’’. 

6 SEC. 2. FINDINGS. 

7 Congress finds the following: 

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1 (1) January 13, 2003, marked the 100th anni2 versary of the first wave of Korean immigration to 

3 the United States. 

4 (2) At the time of that anniversary, more than 

5 100 Korean American communities throughout this 

6 Nation commemorated this important event. 

7 (3) According to immigration records, in De8 cember 1902, 56 men, 21 women, and 25 children 

9 left Korea and sailed across the Pacific Ocean 

10 aboard the S.S. Gaelic, landing in Honolulu, Hawaii, 

11 on January 13, 1903. 

12 (4) These early Korean immigrants worked at 

13 sugar cane and pineapple fields in Hawaii. 

14 (5) Since that first voyage, approximately 

15 1,000,000 Koreans have immigrated to the United 

16 States. 

17 (6) Korean Americans have served with distinc18 tion in the Armed Forces of the United States with 

19 distinction in every war and armed conflict from 

20 World War I through Operation Enduring Freedom. 

21 (7) Korean Americans have taken root and 

22 thrived in the United States through strong family 

23 ties, robust community support, and countless hours 

24 of hard work. 

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1 (8) Korean immigrants have invigorated busi2 ness, church, and academic communities throughout 

3 the United States and Korean Americans have also 

4 established themselves as important members in the 

5 medical, legal, financial, and governmental profes6 sions. 

7 (9) The strategic partnership between the 

8 United States and Korea has helped undergird peace 

9 and stability in the Asia Pacific region and has pro10 vided economic benefits not only to the people of the 

11 United States and Korea, but also to the entire 

12 world. 

13 SEC. 3. COIN SPECIFICATIONS. 

14 (a) DENOMINATIONS.—The Secretary of the Treas15 ury (hereafter in this Act referred to as the ‘‘Secretary’’) 

16 shall mint and issue the following coins: 

17 (1) $5 GOLD COINS.—Not more than 20,000 $5 

18 coins, which shall— 

19 (A) weigh 8.359 grams; 

20 (B) have diameter of 0.850 inches; and 

21 (C) contain 90 percent gold and 10 percent 

22 alloy. 

23 (2) $1 SILVER COINS.—Not more than 10,000 

24 $1 coins, which shall— 

25 (A) weigh 26.73 grams; 

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1 (B) have a diameter of 1.500 inches; and 

2 (C) contain 90 percent silver and 10 per3 cent 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. DESIGN OF COINS. 

11 (a) DESIGN REQUIREMENTS.— 

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

13 minted under this Act shall be emblematic of the im14 migration of Koreans into the United States and the 

15 significant contributions of Korean Americans to 

16 this Nation. 

17 (2) DESIGNATION AND INSCRIPTIONS.—On 

18 each coin minted under this Act there shall be— 

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

20 (B) an inscription of the year ‘‘2018’’; and 

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

22 ‘‘In God We Trust’’, ‘‘United States of Amer23 ica’’, and ‘‘E Pluribus Unum’’. 

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

25 under this Act shall be— 

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1 (1) selected by the Secretary after consultation 

2 with the Commission of Fine Arts; and 

3 (2) reviewed by the Citizens Coinage Advisory 

4 Committee. 

5 SEC. 5. ISSUANCE OF COINS. 

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

7 Act shall be issued in uncirculated and proof qualities. 

8 (b) PERIOD OF ISSUANCE.—The Secretary may issue 

9 coins minted under this Act only during the 1-year period 

10 beginning on January 1, 2018. 

11 SEC. 6. SALE OF COINS. 

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

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

14 of— 

15 (1) the face value of the coins; 

16 (2) the surcharge provided in section 7(a) with 

17 respect to such coins; and 

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

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

20 overhead expenses, marketing, and shipping). 

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

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

23 discount. 

24 (c) PREPAID ORDERS.— 

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

2 prepaid orders for the coins minted under this Act 

3 before the issuance of such coins. 

4 (2) DISCOUNT.—Sale prices with respect to pre5 paid orders under paragraph (1) shall be at a rea6 sonable discount. 

7 SEC. 7. SURCHARGES. 

8 (a) IN GENERAL.—All sales of coins minted under 

9 this Act shall include a surcharge as follows: 

10 (1) A surcharge of $35 per coin for the $5 coin. 

11 (2) A surcharge of $10 per coin for the $1 coin. 

12 (b) DISTRIBUTION.—Subject to section 5134(f) of 

13 title 31, United States Code, all surcharges received by 

14 the Secretary from the sale of coins issued under this Act 

15 shall be promptly paid by the Secretary to the Council on 

16 100th Year Korean Immigration Commemorative Coin 

17 Act to provide academic scholarships. 

18 (c) AUDITS.—The Council on 100th Year Korean Im19 migration Commemorative Coin Act shall be subject to the 

20 audit requirements of section 5134(f)(2) of title 31, 

21 United States Code, with regard to the amounts received 

22 under subsection (b). 

23 (d) LIMITATION.—Notwithstanding subsection (a), 

24 no surcharge may be included with respect to the issuance 

25 under this Act of any coin during a calendar year if, as 

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1 of the time of such issuance, the issuance of such coin 

2 would result in the number of commemorative coin pro3 grams issued during such year to exceed the annual com4 memorative coin program issuance limitation under sec5 tion 5112(m)(1) of title 31, United States Code. The Sec6 retary of the Treasury may issue guidance to carry out 

7 this subsection. 

8 SEC. 8. FINANCIAL ASSURANCES. 

9 The Secretary shall take such actions as may be nec10 essary to ensure that— 

11 (1) minting and issuing coins under this Act 

12 will not result in any net cost to the United States 

13 Government; and 

14 (2) no funds, including applicable surcharges, 

15 are disbursed to any recipient designated in section 

16 7 until the total cost of designing and issuing all of 

17 the coins authorized by this Act (including labor, 

18 materials, dies, use of machinery, winning design 

19 compensation, overhead expenses, marketing, and 

20 shipping) is recovered by the United States Treas21 ury, consistent with sections 5112(m) and 5134(f) of 

22 title 31, United States Code. 

Æ 

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