I
103D CONGRESS
1ST SESSION
H. R. 535
To provide for the minting of coins in commemoration of Americans who
have been prisoners of war, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
JANUARY 21, 1993
Mr. PETERSON of Florida introduced the following bill; which was referred to
the Committee on Banking, Finance and Urban Affairs
A BILL
To provide for the minting of coins in commemoration of
Americans who have been prisoners of war, 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 ‘‘Prisoner-of-War
Commemorative Coin Act’’.
SEC. 2. COIN SPECIFICATIONS.
(a) ISSUANCE.—The Secretary of the Treasury (re-
ferred to in this Act as the ‘‘Secretary’’) shall issue not
more than 1,500,000 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.
(b) DESIGN.—The design of such coins shall be em-
blematic of the experience of Americans who have been
prisoners of war. On each such coin there shall be a des-
ignation of the value of the coin, an inscription of the year
‘‘1993’’, and inscriptions of the words ‘‘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.
SEC. 3. ISSUANCE OF THE COINS.
(a) COMMENCEMENT OF ISSUANCE.—The coins au-
thorized and minted under this Act may be issued begin-
ning January 15, 1994.
(b) TERMINATION OF AUTHORITY.—The coins au-
thorized and minted under this Act may not be minted
after December 31, 1994.
(c) PROOF AND UNCIRCULATED COINS.—The coins
authorized and minted under this Act may be issued in
uncirculated and proof qualities and shall be struck at no
more than one facility of the United States Mint.
SEC. 4. SOURCE OF BULLION.
The Secretary shall obtain silver for the coins minted
under this Act from stockpiles established under the Stra-
tegic and Critical Minerals Stock Piling Act (50 U.S.C.
98 et seq.).
SEC. 5. SELECTION OF DESIGN.
The design for the coins authorized by this Act shall
be selected by the Secretary.
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 face
value, plus the cost of designing and issuing such coins
(including labor, materials, dies, use of machinery, and
overhead expenses) and the surcharge provided for in sub-
section (d).
(b) BULK SALES.—The Secretary shall make bulk
sales at a reasonable discount.
(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 to reflect the benefit of
prepayment.
(d) SURCHARGES.—All sales of coins issued under
this Act shall include a surcharge of $5 per coin.
SEC. 7. USE OF SURCHARGES.
An amount equal to the surcharges received by the
Secretary from the sale of coins issued under this Act shall
be made available or paid by the Secretary in the order
that follows:
(1) AMOUNTS
TO
BE
MADE AVAILABLE
FOR
CONSTRUCTION OF MUSEUM.—The Secretary of the
Treasury shall make available to the Secretary of
the Interior the first $3,000,000 for the construction
of the Andersonville Prisoner-of-War Museum in An-
dersonville, Georgia.
(2) AMOUNTS
TO
BE
PAID
TO
ENDOWMENT
FUND.—After payment of the amount required by
paragraph (1), the Secretary of the Treasury shall
pay 50 percent of the remaining surcharges to the
endowment fund created under section 8.
(3) AMOUNTS TO BE PAID TO MAINTAIN NA-
TIONAL
CEMETERIES.—After 
payment 
of 
the
amount required by paragraph (1), the Secretary
shall pay 50 percent of the remaining surcharges to
the Secretary of Veterans Affairs for purposes of
maintaining national cemeteries pursuant to chapter
24 of title 38, United States Code.
SEC. 8. ENDOWMENT FUND.
(a) ESTABLISHMENT.—There is established in the
Department of the Interior an endowment fund (herein-
after in this Act referred to as the ‘‘fund’’) to be adminis-
tered by the Secretary of the Interior and to consist of
the amounts deposited under subsection (b).
(b) DEPOSIT INTO FUND.—
(1) DEPOSIT FROM SURCHARGES.—There shall
be deposited into the fund such amounts that are
paid by the Secretary under section 7(2).
(2) INVESTMENT.—The Secretary shall have
the authority to invest the portion of the fund that
is not, in the determination of the Secretary, re-
quired to meet the current needs of the fund, in obli-
gations of the United States or in obligations guar-
anteed as to the principal and interest by the United
States. In making such investments, the Secretary
shall select obligations having maturities suitable to
the needs of the fund.
(c) EXPENDITURES.—The Secretary of the Interior
may use the amounts deposited in the fund under this Act
to pay for the maintenance of the Andersonville Prisoner-
of-War Museum in Andersonville, Georgia.
SEC. 9. COINAGE PROFIT FUND.
(a) DEPOSITS.—All amounts received from the sale
of coins issued under this Act shall be deposited in the
coinage profit fund.
(b) PAYMENTS.—The Secretary shall pay the
amounts authorized under this Act from the coinage profit
fund.
(c) EXPENDITURES.—The Secretary shall charge the
coinage profit fund with all expenditures under this Act.
SEC. 10. 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 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 thereof;
(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.
SEC. 11. 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
and services necessary for carrying out the provisions of
this Act.
(b) EQUAL
EMPLOYMENT
OPPORTUNITY.—Sub-
section (a) shall not apply with respect to any law relating
to equal employment opportunity.
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