109TH CONGRESS

2D SESSION S. 633

AN ACT

To require the Secretary of the Treasury to mint coins

in commemoration of veterans who became disabled for

life while serving in the Armed Forces of 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 ‘‘American Veterans

5 Disabled for Life Commemorative Coin Act’’.
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1 SEC. 2. FINDINGS.

2 Congress finds that—

3 (1) the Armed Forces of the United States have

4 answered the call and served with distinction around

5 the world—from hitting the beaches in World War

6 II in the Pacific and Europe, to the cold and dif7 ficult terrain in Korea, the steamy jungles of Viet8 nam, and the desert sands of the Middle East;

9 (2) all Americans should commemorate those

10 who come home having survived the ordeal of war,

11 and solemnly honor those who made the ultimate

12 sacrifice in giving their lives for their country;

13 (3) all Americans should honor the millions of

14 living disabled veterans who carry the scars of war

15 every day, and who have made enormous personal

16 sacrifices defending the principles of our democracy;

17 (4) in 2000, Congress authorized the construc18 tion of the American Veterans Disabled for Life Me19 morial;

20 (5) the United States should pay tribute to the

21 Nation’s living disabled veterans by minting and

22 issuing a commemorative silver dollar coin; and

23 (6) the surcharge proceeds from the sale of a

24 commemorative coin would raise valuable funding

25 for the construction of the American Veterans Dis26 abled for Life Memorial.
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1 SEC. 3. COIN SPECIFICATIONS.

2 (a) $1 SILVER COINS.—The Secretary of the Treas3 ury (hereafter in this Act referred to as the ‘‘Secretary’’)

4 shall mint and issue not more than 500,000 $1 coins in

5 commemoration of disabled American veterans, each of

6 which shall—

7 (1) weigh 26.73 grams;

8 (2) have a diameter of 1.500 inches; and

9 (3) contain 90 percent silver and 10 percent

10 copper.

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

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

13 title 31, United States Code.

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

15 5134 and 5136 of title 31, United States Code, all coins

16 minted under this Act shall be considered to be numis17 matic items.

18 SEC. 4. DESIGN OF COINS.

19 (a) DESIGN REQUIREMENTS.—

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

21 minted under this Act shall be emblematic of the de22 sign selected by the Disabled Veterans’ LIFE Me23 morial Foundation for the American Veterans Dis24 abled for Life Memorial.

25 (2) DESIGNATION AND INSCRIPTIONS.—On

26 each coin minted under this Act, there shall be—
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1 (A) a designation of the value of the coin;

2 (B) an inscription of the year ‘‘2010’’; and

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

4 ‘‘In God We Trust’’, ‘‘United States of Amer5 ica’’, and ‘‘E Pluribus Unum’’.

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

7 under this Act shall be—

8 (1) selected by the Secretary, after consultation

9 with the Disabled Veterans’ LIFE Memorial Foun10 dation and the Commission of Fine Arts; and

11 (2) reviewed by the Citizens Coinage Advisory

12 Committee.

13 SEC. 5. ISSUANCE OF COINS.

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

15 Act shall be issued in uncirculated and proof qualities.

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

17 States Mint may be used to strike any particular quality

18 of the coins minted under this Act.

19 (c) PERIOD FOR ISSUANCE.—The Secretary may

20 issue coins under this Act only during the calendar year

21 beginning on January 1, 2010.

22 SEC. 6. SALE OF COINS.

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

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

25 of—
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1 (1) the face value of the coins;

2 (2) the surcharge provided in subsection (b)

3 with respect to such coins; and

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

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

6 overhead expenses, marketing, and shipping).

7 (b) SURCHARGES.—All sales of coins issued under

8 this Act shall include a surcharge of $10 per coin.

9 (c) BULK SALES.—The Secretary shall make bulk

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

11 discount.

12 (d) PREPAID ORDERS.—

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

14 prepaid orders for the coins minted under this Act

15 before the issuance of such coins.

16 (2) DISCOUNT.—Sale prices with respect to pre17 paid orders under paragraph (1) shall be at a rea18 sonable discount.

19 SEC. 7. DISTRIBUTION OF SURCHARGES.

20 (a) IN GENERAL.—Subject to section 5134(f) of title

21 31, United States Code, all surcharges received by the

22 Secretary from the sale of coins issued under this Act shall

23 be paid to the Disabled Veterans’ LIFE Memorial Foun24 dation for the purpose of establishing an endowment to
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1 support the construction of the American Veterans’ Dis2 abled for Life Memorial in Washington, D.C.

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

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

5 documents, and other data of the Disabled Veterans’

6 LIFE Memorial Foundation as may be related to the ex7 penditures of amounts paid under subsection (a).

8 SEC. 8. FINANCIAL ASSURANCES.

9 (a) NO NET COST TO THE GOVERNMENT.—The Sec10 retary shall take such actions as may be necessary to en11 sure that minting and issuing coins under this Act will

12 not result in any net cost to the United States Govern13 ment.

14 (b) PAYMENT FOR COINS.—A coin shall not be issued

15 under this Act unless the Secretary has received—

16 (1) full payment for the coin;

17 (2) security satisfactory to the Secretary to in18 demnify the United States for full payment; or

19 (3) a guarantee of full payment satisfactory to

20 the Secretary from a depository institution whose

21 deposits are insured by the Federal Deposit Insur-
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1 ance Corporation or the National Credit Union Ad2 ministration Board.

Passed the Senate May 25, 2006.

Attest:

Secretary.
109TH CONGRESS

2D SESSION S. 633

AN ACT

To require the Secretary of the Treasury to mint

Forces of the United States.disabled for life while serving in the Armedcoins in commemoration of veterans who became