I 

112TH CONGRESS 

1ST SESSION H. R. 2418 

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

of the National Future Farmers of America Organization and the 85th 

anniversary of the founding of the National Future Farmers of America 

Organization. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 6, 2011 

Mr. BRALEY of Iowa (for himself and Mr. BOSWELL) 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 National Future Farmers of 

America Organization and the 85th anniversary of the 

founding of the National Future Farmers of America 

Organization. 

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 ‘‘National Future 

5 Farmers of America Commemorative Coin Act of 2011’’. 

6 SEC. 2. FINDINGS. 

7 Congress finds that— 


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1 (1) the National Future Farmers of America 

2 Organization makes a positive difference in the lives 

3 of students by developing their potential for leader4 ship, personal growth, and career success through 

5 agricultural education; 

6 (2) the National Future Farmers of America 

7 Organization was founded in 1928, as the ‘‘Future 

8 Farmers of America’’, to provide leadership training 

9 for high school students of vocational agriculture; 

10 (3) the National Future Farmers of America 

11 Organization created a national agricultural edu12 cation model for use in public school systems that 

13 has been adopted by youth leadership organizations 

14 throughout the world; 

15 (4) the National Future Farmers of America 

16 Organization prepares its student members to think 

17 critically, work in teams, and be successful in more 

18 than 300 careers relating to the science, business, 

19 and technology of agriculture; 

20 (5) approximately 9,000,000 living former 

21 members of the National Future Farmers of Amer22 ica Organization are prominent industry executives, 

23 members of Congress, community members, farmers, 

24 and productive United States citizens; 


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1 (6) in 2011, the National Future Farmers of 

2 America Organization had 523,309 members in 

3 7,487 local chapters in all 50 States, Puerto Rico, 

4 and the United States Virgin Islands; 

5 (7) the Future Farmers of America was char6 tered by Congress in 1950, and continues to be an 

7 intracurricular educational organization within pub8 lic school systems throughout the United States; and 

9 (8) October 2013 will mark the beginning of a 

10 year of celebration in honor of the 85th anniversary 

11 of the founding of the National Future Farmers of 

12 America Organization. 

13 SEC. 3. COIN SPECIFICATIONS. 

14 (a) DENOMINATIONS.—In commemoration of the Na15 tional Future Farmers of America Organization and the 

16 85th anniversary of the National Future Farmers of 

17 America Organization, the Secretary of the Treasury (in 

18 this Act referred to as the ‘‘Secretary’’) shall mint and 

19 issue— 

20 (1) not more than 100,000 gold coins, which 

21 shall— 

22 (A) weigh 8.359 grams; 

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

24 (C) contain 90 percent gold and 10 percent 

25 alloy; and 


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1 (2) not more than 500,000 silver coins, which 

2 shall— 

3 (A) weigh 26.7 grams; 

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

5 (C) contain 90 percent silver and 10 per6 cent copper. 

7 (b) LEGAL TENDER.—The coins minted 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 sections 

11 5134 and 5136 of title 31, United States Code, all coins 

12 minted under this Act shall be considered to be numis13 matic items. 

14 SEC. 4. DESIGN OF COINS. 

15 (a) DESIGN REQUIREMENTS.— 

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

17 minted under this Act shall be emblematic of the 85- 

18 year history of the National Future Farmers of 

19 America Organization. 

20 (2) DESIGNATION AND INSCRIPTIONS.—On 

21 each coin minted under this Act, there shall be— 

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

23 (B) inscriptions of the words ‘‘Liberty’’, 

24 ‘‘In God We Trust’’, ‘‘United States of Amer25 ica’’, and ‘‘E Pluribus Unum’’; and 


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1 (C) an inscription of the year 2014. 

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

3 under this Act shall be— 

4 (1) selected by the Secretary, after consultation 

5 with the National Future Farmers of America Orga6 nization and the Commission of Fine Arts; and 

7 (2) reviewed by the Citizens Coinage Advisory 

8 Committee. 

9 SEC. 5. ISSUANCE OF COINS. 

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

11 Act shall be issued in uncirculated and proof qualities. 

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

13 coins under this Act only for the 1-year period beginning 

14 on January 1, 2014. 

15 SEC. 6. SALE OF COINS. 

16 (a) SALE PRICE.—The coins minted under this Act 

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

18 of— 

19 (1) the face value of the coins; 

20 (2) the surcharge provided in section 7 with re21 spect to such coins; and 

22 (3) the cost of designing and minting the coins 

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

24 overhead expenses, marketing, and shipping). 


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

2 sales of the coins minted under this Act at a reasonable 

3 discount. 

4 (c) PREPAID ORDERS.— 

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

6 prepaid orders for the coins minted under this Act 

7 before the issuance of such coins. 

8 (2) DISCOUNT.—Sale prices with respect to pre9 paid orders under paragraph (1) shall be at a rea10 sonable discount. 

11 SEC. 7. SURCHARGES. 

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

13 this Act shall include a surcharge of $25 per gold coin 

14 and $10 per silver coin. 

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

16 title 31, United States Code, the Secretary shall pay all 

17 surcharges received by the Secretary from the sale of coins 

18 minted under this Act to the National FFA Foundation 

19 in Indianapolis, Indiana, to enhance and expand programs 

20 that encourage agricultural literacy and the development 

21 of leadership skills, personal growth, and career success 

22 through agricultural education and the Future Farmers 

23 of America. 

24 (c) AUDITS.—The Comptroller General of the United 

25 States is authorized to examine such books, records, docuVerDate Mar 15 2010 04:51 Jul 07, 2011 Jkt 099200 PO 00000 Frm 00006 Fmt 6652 Sfmt 6201 E:\BILLS\H2418.IH H2418

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1 ments, and other data of the organization described in 

2 subsection (b) as may be related to the expenditures of 

3 amounts paid under subsection (b). 

Æ 


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