I
103D CONGRESS
1ST SESSION
H. R. 3270
To require the Secretary of the Treasury to mint coins in commemoration
of Franklin Delano Roosevelt on the occasion of the 50th Anniversary
of the death of President Roosevelt.
IN THE HOUSE OF REPRESENTATIVES
OCTOBER 13, 1993
Mr. FISH (for himself, Mr. HINCHEY, Mr. DARDEN, and Ms. MOLINARI) in-
troduced 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 Franklin Delano Roosevelt on the
occasion of the 50th Anniversary of the death of Presi-
dent Roosevelt.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘1995 Franklin Delano
Roosevelt Commemorative Coin Act’’.
SEC. 2. FINDINGS.
The Congress finds that—
(1) the people of the United States feel a deep
debt of gratitude to Franklin Delano Roosevelt for
his leadership in America’s struggle for peace, well-
being, and human dignity;
(2) the year 1995 marks the 50th anniversary
of the death of President Franklin Delano Roosevelt,
who died April 12, 1945, in Warm Springs, Georgia;
(3) Franklin Delano Roosevelt served his coun-
try as the 32d President from 1932 until his death
in 1945. He is the only United States President
elected to four terms in office;
(4) Franklin Delano Roosevelt served the State
of New York as Governor from 1928 through 1932;
(5) Franklin Delano Roosevelt served his coun-
try as the United States Assistant Secretary of the
Navy from 1913 through 1920;
(6) Franklin Delano Roosevelt piloted the
American people through the economic chaos of the
Great Depression;
(7) Franklin Delano Roosevelt, as our com-
mander in chief, led the American people through
the turmoil of World War II;
(8) Franklin Delano Roosevelt established So-
cial Security, thus providing all Americans with a
more abundant and secure life;
(9) Franklin Delano Roosevelt was the author
of ‘‘The Four Freedoms: Freedom of Speech, Free-
dom of Worship, Freedom from Want, and Freedom
from Fear’’;
(10) Franklin Delano Roosevelt was the found-
er of the National Foundation for Infantile Paral-
ysis, parent organization of the March of Dimes; and
(11) Franklin Delano Roosevelt was the chief
architect of the United Nations.
SEC. 3. 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 the dollar coins
shall bear a likeness of Franklin Delano Roosevelt.
On each such coin there shall be a designation of the
value of the coin, an inscription of the year ‘‘1995’’,
and inscriptions of the terms ‘‘Liberty’’, ‘‘In God We
Trust’’, ‘‘United States of America’’, and ‘‘E
Pluribus Unum’’.
(3) ALTERATIONS.—Additions or alterations to
the design of the coin shall be made only after con-
sultation with, and approval by, the Franklin Delano
Roosevelt Memorial Commission.
(b) LEGAL TENDER.—The coins issued under this
Act 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. 4. SOURCES OF BULLION.
The Secretary shall obtain silver for the coins minted
under this Act from stockpiles established under the Stra-
tegic and Critical Materials Stock Piling Act (50 U.S.C.
98 et seq.).
SEC. 5. SELECTION OF DESIGN.
The design for each coin authorized by this Act shall
be selected by the Secretary after consultation with the
Franklin Delano Roosevelt Memorial Commission.
SEC. 6. SALE OF COINS.
(a) SALE PRICE.—Notwithstanding any provision of
law, the coins issued under this Act 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, mate-
rials, dies, use of machinery, overhead expenses, market-
ing, and shipping).
(b) PREPAID ORDERS AT A DISCOUNT.—The Sec-
retary 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. 7. ISSUANCE OF THE COINS.
(a) PERIOD FOR ISSUANCE.—The coins authorized
under this Act shall be available for issue not later than
January 1, 1995, but shall be issued only during the 1-
year period beginning on such date.
(b) PROOF AND UNCIRCULATED COINS.—The coins
authorized under this Act shall be issued in uncirculated
and proof qualities. Not more than 1 facility of the Bureau
of the Mint may be used to strike any particular combina-
tion of denomination and quality.
SEC. 8. GENERAL WAIVER OF PROCUREMENT REGULA-
TIONS.
(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.—Sub-
section (a) shall not relieve any person entering into a con-
tract under the authority of this Act from complying with
any law relating to equal employment opportunity.
SEC. 9. DISTRIBUTION OF SURCHARGES.
The surcharges received by the Secretary from the
sale of the coins issued under this Act shall be promptly
paid by the Secretary in the following manner:
(1) An amount equal to 50 percent of the total
surcharges shall be paid to the National Park Foun-
dation Restricted Account for the Franklin Delano
Roosevelt Memorial.
(2) An amount equal to 50 percent of the total
surcharges shall be paid to the National Park Serv-
ice Restricted Construction Account for the Franklin
Delano Roosevelt Memorial.
SEC. 10. AUDITS.
The Comptroller General of the United States shall
have the right to examine such books, records, documents,
and other data of the account referred to in section 9 as
may be related to the expenditure of amounts paid under
such section.
SEC. 11. FINANCIAL ASSURANCES.
(a) NO NET COST TO THE GOVERNMENT.—The Sec-
retary shall take such actions as may be necessary to en-
sure that the minting and issuance of the coins referred
to in section 3 shall not result in any net cost to the Fed-
eral Government.
(b) PAYMENT FOR ISSUANCE OF COINS.—No coin
shall be issued under this Act unless the Secretary has
received—
(1) full payment for such coin;
(2) security satisfactory to the Secretary to in-
demnify 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 Insur-
ance Corporation or the National Credit Union Ad-
ministration.
Æ