I

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.

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 ‘‘1994 Vietnam Veter5 ans Memorial Commemorative Coin Act’’.

6 SEC. 2. COIN SPECIFICATIONS.

7 (a) ONE DOLLAR SILVER COINS.—

8 (1) ISSUANCE.—The Secretary shall issue not

9 more than 500,000 one dollar coins which shall
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1 weigh 26.73 grams, have a diameter of 1.500 inches,

2 and shall contain 90 percent silver and 10 percent

3 copper.

4 (2) DESIGN.—The design of such dollar coins

5 shall be emblematic of the Vietnam Veterans Memo6 rial. On each such coin there shall be a designation

7 of the value of the coin, an inscription of the year

8 ‘‘1994’’, and inscriptions of the terms ‘‘Liberty’’,

9 ‘‘In God We Trust’’, ‘‘United States of America’’,

10 and ‘‘E Pluribus Unum’’.

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

12 title shall be legal tender as provided in section 5103 of

13 title 31, United States Code.

14 (c) NUMISMATIC ITEMS.—The coins issued under this

15 Act shall be numismatic items for purposes of section

16 5134 of title 31, United States Code.

17 SEC. 3. SOURCES OF BULLION.

18 The Secretary shall obtain silver for the coins minted

19 under this title from stockpiles established under the Stra20 tegic and Critical Minerals Stock Piling Act.

21 SEC. 4. SELECTION OF DESIGN.

22 The design for each coin authorized by this title shall

23 be—
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1 (1) selected by the Secretary after consultation

2 with the Commission of Fine Arts and the Vietnam

3 Veterans Memorial Fund; and

4 (2) reviewed by the Citizens Commemorative

5 Advisory Committee in accordance with section 5135

6 of title 31, United States Code.

7 SEC. 5. SALE OF COINS.

8 (a) SALE PRICE.—Notwithstanding any provision of

9 law, the coins issued under this title shall be sold by the

10 Secretary at a price equal to the face value, plus the cost

11 of designing and issuing such coins (including labor, mate12 rials, dies, use of machinery, overhead expenses, market13 ing and shipping).

14 (b) PREPAID ORDERS AT A DISCOUNT.—The Sec15 retary shall accept prepaid orders for the coins prior to

16 the issuance of such coins. Sales under this subsection

17 shall be at a reasonable discount to reflect the benefit of

18 prepayment.

19 (c) SURCHARGE REQUIRED.—All sales shall include

20 a surcharge of $10 per coin.

21 SEC. 6. ISSUANCE OF THE COINS.

22 (a) PERIOD FOR ISSUANCE.—The coins authorized

23 under this title shall be available for issue not later than

24 April 1, 1994, but shall be issued only during the 1-year

25 period beginning on such date.
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1 (b) PROOF AND UNCIRCULATED COINS.—The coins

2 authorized under this title shall be issued in uncirculated

3 and proof qualities. Not more than one facility of the Bu4 reau of the Mint may be used to strike any particular com5 bination of denomination and quality.

6 SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA7 TIONS.

8 (a) IN GENERAL.—Except as provided in subsection

9 (b), no provision of law governing procurement or public

10 contracts shall be applicable to the procurement of goods

11 or services required to carry out this Act.

12 (b) EQUAL EMPLOYMENT OPPORTUNITY.—Sub13 section (a) shall not relieve any person entering into a con14 tract under the authority of this Act from complying with

15 any law relating to equal employment opportunity.

16 SEC. 8. DISTRIBUTION OF SURCHARGES.

17 The total surcharges received by the Secretary from

18 the sale of the coins issued under this title shall be

19 promptly paid by the Secretary to the Vietnam Veterans

20 Memorial Fund (hereafter in this Act referred to as the

21 ‘‘Fund’’) to assist the Fund’s efforts to raise an endow22 ment to be a permanent source of support for the repair,

23 maintenance, and addition of names to the Vietnam Veter24 ans Memorial.
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1 SEC. 9. AUDITS.

2 The Comptroller General of the United States shall

3 have the right to examine such books, records, documents,

4 and other data of the Fund as may be related to the ex5 penditure of amounts paid under section 8.

6 SEC. 10. FINANCIAL ASSURANCES.

7 (a) NO NET COST TO THE GOVERNMENT.—The Sec8 retary shall take such actions as may be necessary to en9 sure that the minting and issuance of the coins referred

10 to in section 2 shall not result in any net cost to the Fed11 eral Government.

12 (b) PAYMENT FOR ISSUANCE OF COINS.—No coin

13 shall be issued under this title unless the Secretary has

14 received—

15 (1) full payment for such coin;

16 (2) security satisfactory to the Secretary to in17 demnify the United States for full payment; or

18 (3) a guarantee of full payment satisfactory to

19 the Secretary from a depository institution whose

20 deposits are insured by the Federal Deposit Insur21 ance Corporation or the National Credit Union Ad22 ministration.

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