I 

117TH CONGRESS 

2D SESSION H. R. 6663 

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

recognition of the 100th anniversary of the Fleet Reserve Association. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 9, 2022 

Mr. BILIRAKIS (for himself and Mr. GARAMENDI) introduced the following bill; 

which was referred to the Committee on Financial Services 

A BILL 

To require the Secretary of the Treasury to mint commemorative coins in recognition of the 100th anniversary of 

the Fleet Reserve Association. 

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 ‘‘Fleet Reserve Associa5 tion 100th Anniversary Act’’. 

6 SEC. 2. FINDINGS. 

7 The Congress finds the following: 

8 (1) On November 11, 1924, the Fleet Reserve 

9 Association (FRA) was founded by Navy Chief Yeo10 man George L. Carlin and chartered in 1924 in 


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1 Philadelphia, Pennsylvania. FRA was born out of 

2 the need for an organization to protect the pay and 

3 benefits of enlisted Sea Service members and their 

4 families. 

5 (2) The Fleet Reserve Association (FRA) is a 

6 congressionally chartered, non-profit organization 

7 that represents the interests of the Sea Service com8 munity. Although the association was originally 

9 named for the Navy’s Fleet Reserve program, mem10 bership in FRA is open to all current and former 

11 sailors, marines, and Coast Guard personnel. 

12 (3) In 1930, FRA-proposed legislation was en13 acted that authorizes a death gratuity benefit of six 

14 months basic pay to the estates of recalled Fleet Re15 servists who subsequently die on active duty. 

16 (4) In 1932, FRA was successful in exempting 

17 enlisted personnel from Great Depression-era pay 

18 cuts that deferred pay for Federal employees by 8 

19 to 20 percent. 

20 (5) In 1934, FRA regained two-thirds of the 15 

21 percent pay cut authorized in the Economy Act of 

22 1933. The remaining 5 percent was restored in 

23 1935. 

24 (6) In 1935, FRA was successful in obtaining 

25 eligibility for Navy retirees and Fleet Reservists to 


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1 receive emergency care in veterans’ hospitals in 

2 areas where military facilities were not available. 

3 (7) In 1937, FRA helped advance legislation 

4 that authorized commissary privileges for military 

5 widows. 

6 (8) In 1946, FRA was successful in estab7 lishing equity in disability compensation for disabled 

8 peacetime veterans with their wartime counterparts. 

9 (9) In 1950, FRA first proposed legislation to 

10 provide a survivor benefit program as part of the 

11 military retirement system. 

12 (10) In 1972, FRA played a major role in the 

13 enactment of the Widow’s Equity bill, the precursor 

14 of today’s Survivor Benefit Plan (SBP) and FRA 

15 sponsored the Navy’s first Sailors of the Year com16 petition, a tradition that continues today. 

17 (11) In 1985, FRA became a founding member 

18 of The Military Coalition when laws threatened to 

19 significantly cut military retired pay. The FRA is 

20 one of 12 military and veterans organizations that 

21 banded together to reverse the potential loss of 22.5 

22 percent in cost-of-living adjustments (COLA) over a 

23 seven-year period. 


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1 (12) In 1986, FRA played a key role in restor2 ing full cost-of-living adjustments (COLA) for mili3 tary retirees. 

4 (13) In 1996, FRA became federally chartered 

5 as part of the National Defense Authorization Act 

6 for Fiscal Year 1997 (Public Law 104–201). 

7 (14) In 2002, the Bob Stump National Defense 

8 Authorization Act for Fiscal Year 2003 (Public Law 

9 107–314) authorized combat-related special com10 pensation (CRSC) for disabled uniformed services 

11 retirees wounded in combat, which FRA acknowl12 edged as a significant first step toward full concur13 rent receipt of military retired pay and Department 

14 of Veterans Affairs disability compensation. 

15 (15) In 2009, the FRA Education Foundation 

16 was launched in conjunction with FRA’s 85th anni17 versary. 

18 (16) In 2013, FRA successfully defeated efforts 

19 to reduce future cost-of-living adjustments (COLA) 

20 for military retirees by blocking implementation of 

21 the chained consumer price index (CPI) in lieu of 

22 the current consumer price index (CPI). 

23 (17) November 11, 2024, will mark the 100th 

24 anniversary of the Fleet Reserve Association. 


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1 SEC. 3. COIN SPECIFICATIONS. 

2 (a) DENOMINATIONS.—In recognition and celebration 

3 of the 100th anniversary of the Fleet Reserve Association, 

4 the Secretary of the Treasury (hereafter in this Act re5 ferred to as the ‘‘Secretary’’) shall mint and issue the fol6 lowing coins: 

7 (1) $5 GOLD COINS.—Not more than 50,000 $5 

8 coins, which shall— 

9 (A) weigh 8.359 grams; 

10 (B) have a diameter of 0.850 inches; and 

11 (C) contain not less than 90 percent gold. 

12 (2) $1 SILVER COINS.—Not more than 400,000 

13 $1 coins, which shall— 

14 (A) weigh 26.73 grams; 

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

16 (C) contain not less than 90 percent silver. 

17 (3) HALF-DOLLAR CLAD COINS.—Not more 

18 than 750,000 half-dollar coins which shall— 

19 (A) weigh 11.34 grams; 

20 (B) have a diameter of 1.205 inches; and 

21 (C) be minted to the specifications for half22 dollar coins contained in section 5112(b) of title 

23 31, United States Code. 

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

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

26 title 31, United States Code. 


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1 (c) NUMISMATIC ITEMS.—For purposes of sections 

2 5134 and 5136 of title 31, United States Code, all coins 

3 minted under this Act shall be considered to be numis4 matic items. 

5 SEC. 4. DESIGN OF COINS. 

6 (a) IN GENERAL.—The design for the coins minted 

7 under this Act shall be emblematic of the Fleet Reserve 

8 Association. 

9 (b) DESIGNATIONS AND INSCRIPTIONS.—On each 

10 coin minted under this Act there shall be— 

11 (1) a designation of the denomination of the 

12 coin; 

13 (2) an inscription of the year ‘‘2024’’; 

14 (3) FRA’s motto: ‘‘Loyalty, Protection, and 

15 Service’’; and 

16 (4) inscriptions of the words ‘‘Liberty’’, ‘‘In 

17 God We Trust’’, ‘‘United States of America’’, and 

18 ‘‘E Pluribus Unum’’. 

19 (c) SELECTION.—The design for the coins minted 

20 under this Act shall be— 

21 (1) selected by the Secretary after consultation 

22 with— 

23 (A) the Commission of Fine Arts; and 

24 (B) the National Board of Directors of the 

25 Fleet Reserve Association, as defined in the 


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1 constitution and bylaws of the Fleet Reserve 

2 Association; and 

3 (2) reviewed by the Citizens Commemorative 

4 Coin Advisory 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 FOR ISSUANCE.—The Secretary may 

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

10 period beginning on January 1, 2024. 

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 based upon the 

14 sum 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 described under section 3(a)(2). 

13 (3) A surcharge of $5 per coin for the half-dol14 lar coin. 

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

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

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

18 shall be promptly paid by the Secretary to the Fleet Re19 serve Association for costs related to— 

20 (1) promoting the importance of and caring for 

21 those who have served in uniform, ensuring they re22 ceive proper health care and disability benefits 

23 earned through military service; 

24 (2) promoting the importance of, and caring 

25 for, those who are still serving in the Armed Forces; 


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1 (3) promoting the importance of maintaining 

2 the patriotic values, morals, culture, and citizenship 

3 of the United States; and 

4 (4) promoting the importance of maintaining 

5 strong families, assistance for at-risk children, and 

6 activities that promote their healthy and wholesome 

7 development. 

8 (c) LIMITATION.—Notwithstanding subsection (a), no 

9 surcharge may be included with respect to the issuance 

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

11 of the time of such issuance, the issuance of such coin 

12 would result in the number of commemorative coin pro13 grams issued during such year to exceed the annual com14 memorative coin program issuance limitation under sec15 tion 5112(m)(1) of title 31, United States Code (as in ef16 fect on the date of the enactment of this Act). The Sec17 retary of the Treasury may issue guidance to carry out 

18 this subsection. 

19 (d) AUDIT.—The recipient described under sub20 section (b) shall be subject to the audit requirements of 

21 section 5134(f)(2) of title 31, United States Code, with 

22 regard to the amounts received under subsection (b). 

23 SEC. 8. FINANCIAL ASSURANCES. 

24 The Secretary shall take such actions as may be nec25 essary to ensure that— 


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1 (1) minting and issuing coins under this Act 

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

3 Government; and 

4 (2) no funds, including applicable surcharges, 

5 are disbursed to the recipient designated in section 

6 7 until the total cost of designing and issuing all of 

7 the coins authorized by this Act (including labor, 

8 materials, dies, use of machinery, overhead expenses, 

9 marketing, and shipping) is recovered by the United 

10 States Treasury, consistent with sections 5112(m) 

11 and 5134(f) of title 31, United States Code. 

Æ 


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