I
103D CONGRESS
1ST SESSION
H. R. 3372
To provide for the minting of coins in commemoration of the 50th Anniversary
of the Liberation of Guam and the Northern Mariana Islands, and
for other purposes.
IN THE HOUSE OF REPRESENTATIVES
OCTOBER 26, 1993
Mr. UNDERWOOD (for himself, Mr. ABERCROMBIE, Mr. DE LUGO, Mr. ED-
WARDS of California, Mr. FALEOMAVAEGA, Mr. FROST, Mr. GALLEGLY,
Ms. NORTON, Mr. KING, Mr. LIPINSKI, Mrs. MEEK, Mrs. MINK, Mr.
MURPHY, and Mr. SERRANO) introduced the following bill; which was re-
ferred to the Committee on Banking, Finance and Urban Affairs
A BILL
To provide for the minting of coins in commemoration of
the 50th Anniversary of the Liberation of Guam and
the Northern Mariana Islands, and for other purposes.
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 ‘‘Guam and the North-
ern Marianas Commemorative Coin Act’’.
SEC. 2. COIN SPECIFICATIONS.
(a) ISSUANCE.—The Secretary of the Treasury (here-
after in this Act referred to as the ‘‘Secretary’’) shall issue
not more than 1,500,000 one dollar coins which shall—
(1) weigh 26.73 grams;
(2) have a diameter of 1.500 inches; and
(3) contain 90 percent silver and 10 percent
copper.
(b) DESIGN.—The design of the coins authorized
under subsection (a) shall be emblematic of the heroism
of the American forces that liberated Guam and the
Northern Mariana Islands in World War II. On each such
coin there shall be a designation of the value of the coin,
an inscription of the years ‘‘1944–1994’’, and inscriptions
of the words ‘‘Mariana Islands’’, ‘‘Liberty’’, ‘‘In God We
Trust’’, ‘‘United States of America’’, and ‘‘E Pluribus
Unum’’.
(c) LEGAL TENDER.—The coins issued under this
Act shall be legal tender as provided in section 5103 of
title 31, United States Code.
(d) NUMISMATIC ITEMS.—The coins issued under
this Act shall be considered 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 Stra-
tegic and Critical Minerals Stock Piling Act.
SEC. 4. SELECTION OF DESIGN.
The design for each coin authorized under this Act
shall be selected by the Secretary after consultation with
the Delegate from Guam to Congress and the Resident
Representative of the Commonwealth of the Northern
Mariana Islands.
SEC. 5. SALE OF COINS.
(a) SALE PRICE.—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, materials, dies, use of machinery, over-
head expenses, marketing and shipping), and the sur-
charge provided for in subsection (d).
(b) BULK SALES.—The Secretary shall make bulk
sales at a reasonable account.
(c) PREPAID ORDERS.—The Secretary shall accept
prepaid orders for the coins issued under this Act prior
to the issuance of such coins. Sales under this subsection
shall be at a reasonable discount.
(d) SURCHARGE REQUIRED.—All sales of coins is-
sued under this Act shall include a surcharge of $10 per
coin.
(b) PROOF AND UNCIRCULATED COINS.—The coins
authorized under this Act shall be issued in uncirculated
and proof qualities.
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. FINANCIAL ASSURANCE.
(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 2 shall not result in any net cost to the Fed-
eral Government.
(b) PAYMENT FOR 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 Government.
Æ