Prime Minister Golda Meir Commemorative Coin Act

Subjects: Finance and Financial Sector, Commemorative events and holidays, Currency, Israel

Summary:  <p><b>Prime Minister Golda Meir Commemorative Coin Act </b></p> <p>This bill directs the Department of the Treasury to mint and issue not more than 50,000 $5 gold coins, 400,000 $1 silver coins, and 750,000 half-dollar clad coins in commemoration of Golda Meir, former Prime Minister of Israel, and the 75th anniversary of the United States-Israel relationship. </p> <p>All surcharges received by Treasury from the sale of such coins must be paid to the American Friends of Kiryat Sanz Laniado Hospital Inc. </p>

<html><body><pre>[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 987 Introduced in House (IH)]

&lt;DOC&gt;






118th CONGRESS
  1st Session
                                H. R. 987

 To require the Secretary of the Treasury to mint coins in recognition 
 of the late Prime Minister Golda Meir and the 75th anniversary of the 
                   United States-Israel relationship.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 10, 2023

 Ms. Wasserman Schultz (for herself and Mr. Garbarino) 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 recognition 
 of the late Prime Minister Golda Meir and the 75th anniversary of the 
                   United States-Israel relationship.

    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 ``Prime Minister Golda Meir 
Commemorative Coin Act''.

SEC. 2. FINDINGS.

    (a) Congress finds the following:
            (1) Prime Minister of Israel Golda Meir was born on May 3, 
        1898, in Kyiv, Ukraine.
            (2) Prime Minister Golda Meir moved to Milwaukee, Wisconsin 
        with her family in 1906.
            (3) Growing up in a time where women were not expected to 
        receive an education and pursue a career, Prime Minister Golda 
        Meir fought against the status quo and defied her parents by 
        moving to Denver, Colorado to live with her sister.
            (4) In 1921, Prime Minister Golda Meir emigrated with her 
        husband to Mandatory Palestine where she worked as head of the 
        Political Department of the Jewish Agency for Palestine, the 
        chief Jewish liaison with the British, during World War II.
            (5) When the State of Israel declared its independence in 
        1948, Prime Minister Golda Meir was a signer of its declaration 
        of independence.
            (6) Prime Minister Golda Meir served as the fourth Prime 
        Minister of the State of Israel from 1969 to 1974.
            (7) Prime Minister Golda Meir is remembered today as the 
        first female Prime Minister of the State of Israel and a 
        trailblazer for women's rights.
            (8) Prime Minister Golda Meir is additionally remembered 
        for the unique relationship she had with the United States and 
        its people, evident by her adorning the cover of Time Magazine 
        in 1969 and being voted by the people of the United States as 
        Gallup's ``Most Admired Woman'' in 1971, 1973, and 1974.
    (b) Purpose.--The purpose of this Act is to honor and commemorate--
            (1) the 75th anniversary of the United States-Israel 
        relationship;
            (2) the first female Prime Minister of the State of Israel, 
        Golda Meir; and
            (3) the unique relationship Prime Minister Golda Meir had 
        with the United States.

SEC. 3. COIN SPECIFICATIONS.

    (a) Denominations.--In commemoration of the late Prime Minister 
Golda Meir and the 75th anniversary of the United States-Israel 
relationship, the Secretary of the Treasury (hereafter in this Act 
referred to as the ``Secretary'') shall mint and issue the following 
coins:
            (1) $5 gold coins.--Not more than 50,000 $5 coins, which 
        shall--
                    (A) weigh 8.359 grams;
                    (B) have a diameter of 0.850 inches; and
                    (C) contain at least 90 percent gold.
            (2) $1 silver coins.--Not more than 400,000 $1 coins, which 
        shall--
                    (A) weigh 26.73 grams;
                    (B) have a diameter of 1.500 inches; and
                    (C) contain at least 90 percent silver.
            (3) Half-dollar clad coins.--Not more than 750,000 half-
        dollar coins which shall--
                    (A) weigh 11.34 grams;
                    (B) have a diameter of 1.205 inches; and
                    (C) be minted to the specifications for half-dollar 
                coins contained in section 5112(b) of title 31, United 
                States Code.
    (b) Legal Tender.--The coins minted under this Act shall be legal 
tender, as provided in section 5103 of title 31, United States Code.
    (c) Numismatic Items.--For purposes of sections 5134 and 5136 of 
title 31, United States Code, all coins minted under this Act shall be 
considered to be numismatic items.

SEC. 4. DESIGN OF COINS.

    (a) Design Requirements.--
            (1) In general.--The design of the coins minted under this 
        Act shall bear an image of and the name of Prime Minister Golda 
        Meir on the obverse side.
            (2) Designation and inscriptions.--On each coin minted 
        under this Act, there shall be--
                    (A) a designation of the value of the coin;
                    (B) an inscription of ``Golda Meir'', ``Israel 
                75'', and the year ``2026''; and
                    (C) inscriptions of the words ``Liberty'', ``In God 
                We Trust'', ``United States of America'', and ``E 
                Pluribus Unum''.
    (b) Selection.--The design for the coins minted under this Act 
shall be--
            (1) selected by the Secretary after consultation with the 
        American Friends of Kiryat Sanz Laniado Hospital Inc.; and
            (2) reviewed by the Citizens Coinage Advisory Committee.

SEC. 5. ISSUANCE OF COINS.

    (a) Quality of Coins.--Coins minted under this Act shall be issued 
in uncirculated and proof qualities.
    (b) Mint Facility.--Only 1 facility of the United States Mint may 
be used to strike any particular quality of the coins minted under this 
Act.
    (c) Period for Issuance.--The Secretary may issue coins under this 
Act only during the period beginning on January 1, 2026, and ending on 
December 31, 2026.

SEC. 6. SALE OF COINS.

    (a) Sale Price.--The coins issued under this Act shall be sold by 
the Secretary at the price equal to the sum of--
            (1) the face value of the coins;
            (2) the surcharge provided under section 7(a) with respect 
        to the coins; and
            (3) the cost of designing and issuing the coins (including 
        labor, materials, dies, use of machinery, overhead expenses, 
        marketing, and shipping).
    (b) Bulk Sales.--The Secretary shall make bulk sales of the coins 
issued under this Act at a reasonable discount.
    (c) Prepaid Orders.--
            (1) In general.--The Secretary shall accept prepaid orders 
        for the coins minted under this Act before the issuance of the 
        coins.
            (2) Discount.--Sale prices with respect to prepaid orders 
        under paragraph (1) shall be at a reasonable discount.

SEC. 7. SURCHARGES.

    (a) In General.--All sales of coins issued under this Act shall 
include--
            (1) a surcharge of $35 per coin for the $5 coins;
            (2) a surcharge of $10 per coin for the $1 coins; and
            (3) a surcharge of $5 per coin for the half-dollar coin.
    (b) Distribution.--Subject to section 5134(f) of title 31, United 
States Code, all surcharges received by the Secretary from the sale of 
coins issued under this Act shall be promptly paid by the Secretary to 
the American Friends of Kiryat Sanz Laniado Hospital Inc. for the 
purpose of--
            (1) the continued growth of, support for, and the promotion 
        of Kiryat Sanz Laniado Hospital; and
            (2) the furtherance of the missions and goals of Kiryat 
        Sanz Laniado Hospital.
    (c) Audits.--The American Friends of Kiryat Sanz Laniado Hospital 
Inc. shall be subject to the audit requirements of section 5134(f)(2) 
of title 31, United States Code, with respect to the amounts received 
under subsection (b).
    (d) Limitation.--Notwithstanding subsection (a), no surcharge may 
be included with respect to the issuance under this Act of any coin 
during a calendar year if, as of the time of such issuance, the 
issuance of such coin would result in the number of commemorative coin 
programs issued during such year to exceed the annual 2 commemorative 
coin program issuance limitation under section 5112(m)(1) of title 31, 
United States Code (as in effect on the date of the enactment of this 
Act). The Secretary may issue guidance to carry out this subsection.

SEC. 8. FINANCIAL ASSURANCES.

    The Secretary shall take such actions as may be necessary to ensure 
that--
            (1) minting and issuing coins under this Act result will 
        not result in any net cost to the United States Government; and
            (2) no funds, including applicable surcharges are disbursed 
        to any recipient designated in section 7 until the total cost 
        of designing and issuing all of the coins authorized by this 
        Act (including labor, materials, dies, use of machinery, 
        overhead expenses, marketing, and shipping) is recovered by the 
        United States Treasury, consistent with sections 5112(m) and 
        5134(f) of title 31, United States Code.
                                 &lt;all&gt;
</pre></body></html>