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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1608 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1608

To require the Secretary of the Treasury to mint coins in commemoration 
     of the Vietnam Veterans Memorial on the occasion of the 10th 
                      anniversary of the Memorial.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             April 1, 1993

 Mr. Bonior (for himself and Mr. Ridge) introduced the following bill; 
   which was referred to the Committee on Banking, Finance and Urban 
                                Affairs

_______________________________________________________________________

                                 A BILL

 
To require the Secretary of the Treasury to mint coins in commemoration 
     of the Vietnam Veterans Memorial on the occasion of the 10th 
                      anniversary of the Memorial.

    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 ``1994 Vietnam Veterans Memorial 
Commemorative Coin Act''.

SEC. 2. COIN SPECIFICATIONS.

    (a) One Dollar Silver Coins.--
            (1) Issuance.--The Secretary shall issue not more than 
        500,000 one dollar coins which shall weigh 26.73 grams, have a 
        diameter of 1.500 inches, and shall contain 90 percent silver 
        and 10 percent copper.
            (2) Design.--The design of such dollar coins shall be 
        emblematic of the Vietnam Veterans Memorial. On each such coin 
        there shall be a designation of the value of the coin, an 
        inscription of the year ``1994'', and inscriptions of the terms 
        ``Liberty'', ``In God We Trust'', ``United States of America'', 
        and ``E Pluribus Unum''.
    (b) Legal Tender.--The coins issued under this title shall be legal 
tender as provided in section 5103 of title 31, United States Code.
    (c) Numismatic Items.--The coins issued under this Act shall be 
numismatic items for purposes of section 5134 of title 31, United 
States Code.

SEC. 3. SOURCES OF BULLION.

    The Secretary shall obtain silver for the coins minted under this 
title from stockpiles established under the Strategic and Critical 
Minerals Stock Piling Act.

SEC. 4. SELECTION OF DESIGN.

    The design for each coin authorized by this title shall be--
            (1) selected by the Secretary after consultation with the 
        Commission of Fine Arts and the Vietnam Veterans Memorial Fund; 
        and
            (2) reviewed by the Citizens Commemorative Advisory 
        Committee in accordance with section 5135 of title 31, United 
        States Code.

SEC. 5. SALE OF COINS.

    (a) Sale Price.--Notwithstanding any provision of law, the coins 
issued under this title shall be sold by the Secretary at a price equal 
to the face value, plus the cost of designing and issuing such coins 
(including labor, materials, dies, use of machinery, overhead expenses, 
marketing and shipping).
    (b) Prepaid Orders at a Discount.--The Secretary shall accept 
prepaid orders for the coins prior to the issuance of such coins. Sales 
under this subsection shall be at a reasonable discount to reflect the 
benefit of prepayment.
    (c) Surcharge Required.--All sales shall include a surcharge of $10 
per coin.

SEC. 6. ISSUANCE OF THE COINS.

    (a) Period for Issuance.--The coins authorized under this title 
shall be available for issue not later than April 1, 1994, but shall be 
issued only during the 1-year period beginning on such date.
    (b) Proof and Uncirculated Coins.--The coins authorized under this 
title shall be issued in uncirculated and proof qualities. Not more 
than one facility of the Bureau of the Mint may be used to strike any 
particular combination of denomination and quality.

SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULATIONS.

    (a) In General.--Except as provided in subsection (b), no provision 
of law governing procurement or public contracts shall be applicable to 
the procurement of goods or services required to carry out this Act.
    (b) Equal Employment Opportunity.--Subsection (a) shall not relieve 
any person entering into a contract under the authority of this Act 
from complying with any law relating to equal employment opportunity.

SEC. 8. DISTRIBUTION OF SURCHARGES.

    The total surcharges received by the Secretary from the sale of the 
coins issued under this title shall be promptly paid by the Secretary 
to the Vietnam Veterans Memorial Fund (hereafter in this Act referred 
to as the ``Fund'') to assist the Fund's efforts to raise an endowment 
to be a permanent source of support for the repair, maintenance, and 
addition of names to the Vietnam Veterans Memorial.

SEC. 9. AUDITS.

    The Comptroller General of the United States shall have the right 
to examine such books, records, documents, and other data of the Fund 
as may be related to the expenditure of amounts paid under section 8.

SEC. 10. FINANCIAL ASSURANCES.

    (a) No Net Cost to the Government.--The Secretary shall take such 
actions as may be necessary to ensure that the minting and issuance of 
the coins referred to in section 2 shall not result in any net cost to 
the Federal Government.
    (b) Payment for Issuance of Coins.--No coin shall be issued under 
this title unless the Secretary has received--
            (1) full payment for such coin;
            (2) security satisfactory to the Secretary to indemnify the 
        United States for full payment; or
            (3) a guarantee of full payment satisfactory to the 
        Secretary from a depository institution whose deposits are 
        insured by the Federal Deposit Insurance Corporation or the 
        National Credit Union Administration.

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