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103D CONGRESS

1ST SESSION H. R. 1697

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

of the Women in Military Service for America Memorial.

IN THE HOUSE OF REPRESENTATIVES

APRIL 5, 1993

Mr. MONTGOMERY (for himself and Mr. GONZALEZ) 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 Women in Military Service

for America 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 ‘‘Women in Military

5 Service for America Memorial Commemorative Coin Act’’.

6 SEC. 2. COIN SPECIFICATIONS.

7 (a) FIVE DOLLAR GOLD COINS.—

8 (1) ISSUANCE.—The Secretary of the Treasury

9 (hereafter in this Act referred to as the ‘‘Secretary’’)
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1 shall issue not more than 50,000 $5 gold coins each

2 of which shall weigh 8.359 grams, have a diameter

3 of 0.850 inches, and be composed of 90 percent gold

4 and 10 percent alloy.

5 (2) DESIGN.—The design of the coins issued

6 under paragraph (1) shall be symbolic of women’s

7 service in the Armed Forces of the United States.

8 On each such coin there shall be a designation of the

9 value of the coin, an inscription of the year ‘‘1993’’,

10 and inscriptions of the words ‘‘Liberty’’, ‘‘In God

11 We Trust’’, ‘‘United States of America’’, and ‘‘E

12 Pluribus Unum’’.

13 (b) ONE DOLLAR SILVER COINS.—

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

15 more than 500,000 $1 silver coins, each of which

16 shall weigh 26.73 grams, have a diameter of 1.500

17 inches, and be composed of 90 percent silver and 10

18 percent copper.

19 (2) DESIGN.—The design of the coins issued

20 under paragraph (1) shall be symbolic of women’s

21 service in the Armed Forces of the United States.

22 On each such coin there shall be a designation of the

23 value of the coin, an inscription of the year ‘‘1993’’,

24 and inscriptions of the words ‘‘Liberty’’, ‘‘In God
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1 We Trust’’, ‘‘United States of America’’, and ‘‘E

2 Pluribus Unum’’.

3 (c) LEGAL TENDER.—The coins issued under this

4 Act shall be legal tender as provided in section 5103 of

5 title 31, United States Code.

6 (d) NUMISMATIC ITEMS.—The coins issued under

7 this Act shall be numismatic items for purposes of section

8 5134 of title 31, United States Code.

9 SEC. 3. SOURCES OF BULLION.

10 (a) GOLD.—The Secretary shall obtain gold for mint11 ing coins under this Act pursuant to the authority of the

12 Secretary under existing law.

13 (b) SILVER.—The Secretary shall obtain silver for the

14 coins minted under this Act from stockpiles established

15 under the Strategic and Critical Minerals Stock Piling

16 Act.

17 SEC. 4. SELECTION OF DESIGN.

18 (a) IN GENERAL.—The design for the coins author19 ized by this Act shall be selected by the Secretary after

20 consultation with the Commission of Fine Arts and the

21 Women in Military Service for America Memorial Founda22 tion, Incorporated.

23 (b) REVIEW BY CITIZENS COMMEMORATIVE DESIGN

24 COMMITTEE.—The design for the coins authorized by this

25 Act shall be reviewed by the Citizens Commemorative Ad-
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1 visory Committee in accordance with section 5135 of title

2 31, United States Code.

3 SEC. 5. ISSUANCE OF THE COINS.

4 (a) PERIOD FOR ISSUANCE.—The Secretary may

5 issue coins minted under this Act during the period begin6 ning on November 1, 1993, and ending on December 31,

7 1994.

8 (b) QUALITY OF COINS.—The coins minted under

9 this Act shall be issued in uncirculated and proof qualities.

10 (c) MINT FACILITY.—Not more than 1 facility of the

11 United States Mint may be used to strike any particular

12 combination of denomination and quality of the coins

13 minted under this Act.

14 SEC. 6. SALE OF COINS.

15 (a) SALES PRICE.—The coins issued under this Act

16 shall be sold by the Secretary at a price not less than the

17 sum of the face value of the coins, the surcharge provided

18 in subsection (c) with respect to such coins, and the cost

19 of designing and issuing the coins (including labor, mate20 rials, dies, use of machinery, overhead expenses, market21 ing, and shipping).

22 (b) PREPAID ORDERS AT A DISCOUNT.—The Sec23 retary shall accept prepaid orders for the coins prior to

24 the issuance of such coins. Sales under this subsection

25 shall be at a reasonable discount.
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1 (c) SURCHARGE REQUIRED.—All sales shall include

2 a surcharge of $40 per coin for the $5 coins and $11 per

3 coin for the $1 coins.

4 SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULA5 TIONS.

6 (a) IN GENERAL.—No provision of law governing

7 procurement or public contracts shall be applicable to the

8 procurement of goods or services necessary for carrying

9 out the provisions of this Act.

10 (b) EQUAL EMPLOYMENT OPPORTUNITY.—Sub11 section (a) shall not relieve any person entering into a con12 tract under the authority of this Act from complying with

13 any law relating to equal employment opportunity.

14 SEC. 8. DISTRIBUTION OF SURCHARGES.

15 The total surcharges received by the Secretary from

16 the sale of the coins issued under this Act shall be prompt17 ly paid by the Secretary to the Women in Military Service

18 for America Memorial Foundation, Inc., for the purpose

19 of creating, endowing, and dedicating the Women in Mili20 tary Service for America Memorial.

21 SEC. 9. AUDITS.

22 The Comptroller General shall have the right to ex23 amine such books, records, documents, and other data of

24 the Women in Military Service for America Memorial
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1 Foundation, Inc., as may be related to the expenditure of

2 amounts paid under section 8.

3 SEC. 10. FINANCIAL ASSURANCES.

4 (a) NO NET COST TO THE GOVERNMENT.—The Sec5 retary shall take such actions as may be necessary to en6 sure that the minting and issuance of the coins referred

7 to in section 2 will not result in any net cost to the Federal

8 Government.

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

10 shall be issued under this Act unless the Secretary has

11 received—

12 (1) full payment for such coin;

13 (2) security satisfactory to the Secretary to in14 demnify the United States for full payment for such

15 coin; or

16 (3) a guarantee of full payment satisfactory to

17 the Secretary from a depository institution whose

18 deposits are insured by the Federal Deposit Insur19 ance Corporation or the National Credit Union

20 Administration.

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