I 
118TH CONGRESS 
1ST SESSION H. R. 2838 
To require the Secretary of the Treasury to mint coins in commemoration 
of the 75th anniversary of what is recognized as the first sanctioning 
body created to promote a unified series of competitions, with an orga-
nized group of race car drivers. The first such recognized race was 
held at Daytona Beach on February 15, 1948, under the sanctioning 
of the ‘‘National Association for Stock Car Auto Racing’’ (NASCAR). 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 25, 2023 
Mr. GRAVES of Louisiana (for himself and Mr. JACKSON of North Carolina) 
introduced the following bill; which was referred to the Committee on Fi-
nancial Services, and in addition to the Committee on the Budget, for 
a period to be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the com-
mittee concerned 
A BILL 
To require the Secretary of the Treasury to mint coins 
in commemoration of the 75th anniversary of what is 
recognized as the first sanctioning body created to pro-
mote a unified series of competitions, with an organized 
group of race car drivers. The first such recognized 
race was held at Daytona Beach on February 15, 1948, 
under the sanctioning of the ‘‘National Association for 
Stock Car Auto Racing’’ (NASCAR). 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘National Association 
for Stock Car Auto Racing (NASCAR) 75th Anniversary 
Commemorative Coin Act’’. 
SEC. 2. FINDINGS. 
This Congress finds the following: 
(1) On February 15, 2023, the National Asso-
ciation for Stock Car Auto Racing (NASCAR) ob-
served the 75th anniversary of the first race hosted 
by a sanctioning body, held at Daytona Beach, Flor-
ida. 
(2) In December 1947, Bill France, Sr., orga-
nized several meetings at the Streamline Hotel in 
Daytona Beach, Florida, at which time his vision of 
an organized group of race car drivers was con-
ceived. 
(3) On February 15, 1948, Red Bryon won the 
first sanctioned body event, defeating Marshall 
Teague on the Daytona Beach road course. 
(4) More than 41,000 fans attended the Inau-
gural Daytona 500 on February 22, 1959, won by 
Lee Petty. 
(5) At the Jacksonville, Florida, Speedway on 
December 1, 1963, Wendell Scott became the first 
Black driver to win a NASCAR sanctioned race. 
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(6) In 1977, Janet Guthrie became the first 
woman to compete in the Daytona 500. 
(7) On February 18, 1979, CBS televised the 
first live coverage of the Daytona 500. 
(8) In August 1994, the Indianapolis Motor 
Speedway was added to the race schedule. 
(9) Betty Jane France founded The NASCAR 
Foundation in 2006, supporting causes that work to 
improve the lives of children in need. 
(10) On May 23, 2020, the inaugural NASCAR 
Hall of Fame class (Bill France, Sr., Bill France, 
Jr., Richard Petty, Dale Earnhardt, and Junior 
Johnson) is inducted in Charlotte, North Carolina. 
(11) Danica Patrick becomes the first female to 
win a pole in the Daytona 500 in 2013. 
(12) Jimmie Johnson makes history with his 
record-tying seventh race championship on Novem-
ber 20, 2016. 
(13) Before a sold-out crowd of 101,500 fans at 
the Daytona International Speedway on February 
20, 2022, the Next-Gen car debuted in the 64th an-
nual Daytona 500. 
(14) NASCAR has grown from the small orga-
nization formed on the sands of Daytona Beach to 
one of the most popular sports in the world. 
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SEC. 3. COIN SPECIFICATIONS. 
(a) $1 SILVER COINS.—The Secretary of the Treas-
ury (hereafter in this Act referred to as the ‘‘Secretary’’) 
shall mint and issue $1 coins in recognition of the 
NASCAR 75th anniversary, which shall— 
(1) weigh 26.73 grams; 
(2) have a diameter of 1.500 inches; and 
(3) contain not less than 90 percent silver. 
(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 numis-
matic items. 
SEC. 4. DESIGNS OF COINS. 
(a) DESIGN REQUIREMENTS.— 
(1) IN GENERAL.—The design of coins minted 
under this Act shall be emblematic of the National 
Association for Stock Car Auto Racing and the com-
petitive spirit of American auto racing enthusiasts. 
(2) DESIGNS AND INSCRIPTIONS.—On the coin 
minted under this Act, there shall be— 
(A) a designation of the value of the coin; 
(B) an inscription of the year ‘‘2023’’; and 
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(C) inscriptions of the words ‘‘Liberty’’, 
‘‘In God We Trust’’, ‘‘United States of Amer-
ica’’, and ‘‘E Pluribus Unum’’. 
(b) SELECTION.—The designs for the coins minted 
under this Act shall be— 
(1) selected by the Secretary, after consultation 
with the NASCAR Foundation and the Commission 
of Fine Arts; 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 in 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 minted under this Act only during the 1-year 
period beginning on January 1, 2023. 
SEC. 6. SALE OF COINS. 
(a) SALE PRICE.—The coins issued under this Act 
shall be sold by the Secretary at a price equal to the sum 
of— 
(1) the face value of the coins; 
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(2) the surcharge provided in section 7(a) with 
respect to such 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 such coins. 
(2) DISCOUNT.—Sale prices with respect to pre-
paid orders under paragraph (1) shall be at a rea-
sonable discount. 
SEC. 7. SURCHARGES. 
(a) IN GENERAL.—All sales of coins issued under this 
Act shall include a surcharge of $20 per coin for the $1 
coin. 
(b) DISTRIBUTION.—Subject to section 5134(f)(1) 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 NASCAR 
Foundation for application to general expenses associated 
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with the fulfillment of the mission of The NASCAR Foun-
dation. 
(c) AUDITS.—The Comptroller General of the United 
States shall have the right to examine such books, records, 
documents, and other data of each of the organizations 
referred to in subsection (b) as may be related to the ex-
penditures of amounts paid under that subsection. 
(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 
a result 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 of the Treasury may issue guidance to carry out 
this subsection. 
SEC. 8. FINANCIAL ASSURANCES. 
The Secretary shall take such actions as may be nec-
essary to ensure that— 
(1) minting and issuing coins under this Act 
will not result in any net cost to the United States 
Government; and 
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(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. 
SEC. 9. BUDGETARY EFFECTS. 
(a) STATUTORY PAYGO SCORECARDS.—The budg-
etary effects of this section shall not be entered on either 
PAYGO Scorecard maintained pursuant to section 4(d) of 
the Statutory Pay-As-You-Go Act of 2010 (U.S.C. 
933(d)). 
(b) SENATE PAYGO SCORECARDS.—The budgetary 
effects of this section shall not be entered on any PAYGO 
scorecard maintained for purposes of section 4105 of H. 
Con. Res.71 (115th Congress). 
Æ 
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