I
103D CONGRESS
1ST SESSION
H. R. 1671
To require the Secretary of the Treasury to mint coins in commemoration
of the acceptance of the responsibility of the Federal Government for
the care and maintenance of the historic buildings in which the United
States of America and its Government were created.
IN THE HOUSE OF REPRESENTATIVES
APRIL 2, 1993
Mr. FOGLIETTA introduced 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 the acceptance of the responsibility
of the Federal Government for the care and maintenance
of the historic buildings in which the United States of
America and its Government were created.
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 ‘‘Independence Hall
Commemorative Coin Act’’.
SEC. 2. CONGRESSIONAL FINDINGS.
The Congress finds that—
SEC. 3. COIN SPECIFICATIONS.
(a) ISSUANCE.—The Secretary of the Treasury (here-
after in this Act referred to as the ‘‘Secretary’’) shall issue
not more than 1,000,000 $1 coins each of 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 issued under
subsection (a) shall be emblematic of the shrines of liberty
and shall show the Liberty Bell on one side and the Inde-
pendence Hall on the other. On each coin there shall be
a designation of the value of the coin, an inscription of
the year ‘‘1994’’, and inscription of the words ‘‘Liberty’’,
‘‘In God We Trust’’, ‘‘United States of America’’, and ‘‘E
Pluribus Unum’’.
(c) NUMISMATIC ITEMS.—The coins issued under
subsection (a) shall be numismatic items for purposes of
section 5134 of title 31, United States Code.
(d) LEGAL TENDER.—The coins issued under sub-
section (a) shall be legal tender as provided in section
5103 of title 31, United States Code.
SEC. 4. SOURCES OF BULLION.
The Secretary shall obtain silver for the coins author-
ized under section 3 from stockpiles established under the
Strategic and Critical Materials Stock Piling Act.
SEC. 5. SELECTION OF DESIGN.
The design for the coins authorized by this Act shall
be—
(1) selected by the Secretary after consultation
with the Commission of Fine Arts; and
(2) reviewed by the Citizens Commemorative
Advisory Committee in accordance with section 5135
of title 31, United States Code.
SEC. 6. SALE OF COINS.
(a) IN GENERAL.—Notwithstanding any other provi-
sion of law, the coins authorized under section 3 shall be
sold by the Secretary at a price equal to the face value,
plus the cost of designing and issuing such coins (includ-
ing labor, materials, dies, use of machinery, and overhead
expenses), and the surcharge provided for in subsection
(d).
(b) BULK SALES.—The Secretary shall make bulk
sales of the coins authorized under section 3 at a reason-
able discount.
(c) PREPAID ORDERS.—The Secretary shall accept
prepaid orders for the coins authorized under section 3
prior to the issuance of such coins. Sales under this sub-
section shall be at a reasonable discount.
(d) SURCHARGES.—All sales of the coins authorized
under section 3 shall include a surcharge of $7 per coin.
SEC. 7. ISSUANCE OF COINS.
(a) IN GENERAL.—The coins authorized under sec-
tion 3 may be issued in uncirculated and proof qualities,
except that not more than 1 facility of the United States
Mint may be used to strike any particular quality.
(b) COMMENCEMENT OF ISSUANCE.—The Secretary
may issue the coins authorized under section 3 beginning
on July 4, 1994.
(c) PERIOD OF AUTHORITY.—Coins authorized under
section 3 may be minted beginning 30 days after the date
of enactment of this Act and for a period of not more
than 1 year after such date.
SEC. 8. GENERAL WAIVER OF PROCUREMENT RELATIONS.
(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.
Of the total surcharges received by the Secretary
from the sale of coins in accordance with section 6 of this
Act—
(1) 50 percent shall be returned to the Federal
Treasury for the purpose of reducing the national
debt; and
(2) 50 percent shall be promptly paid by the
Secretary to the Independence Hall Preservation
Fund for the purposes of—
(A) creating an endowment fund moneys
from which shall be used to meet the needs for
capital improvements in Independence National
Historic Park;
(B) funding projects of capital replacement
in buildings in Independence National Historic
Park; and
(C) funding those needs deemed appro-
priate by the Directors of the fund to foster
and increase the respect and admiration of visi-
tors to Independence National Historic Park.
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 Independence Hall Preservation
Fund as may be related to the expenditure of amounts
paid under section 9.
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 will not result in any net cost to the Federal
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 for such
coin; 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
Administration.
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