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103D CONGRESS
2D SESSION
H. R. 3820
To require the Secretary of the Treasury to mint coins in commemoration
of the 50th anniversary of the signing of the World War II peace
accords on September 2, 1945.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 8, 1994
Mr. SMITH of Texas (for himself, Mr. PICKLE, and Mr. MONTGOMERY) intro-
duced the following bill; which was referred to the Committee on Bank-
ing, Finance and Urban Affairs
A BILL
To require the Secretary of the Treasury to mint coins
in commemoration of the 50th anniversary of the signing
of the World War II peace accords on September 2,
1945.
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 ‘‘World War II Peace
Accords Commemorative Coin Act’’.
SEC. 2. CONGRESSIONAL FINDINGS AND SENSE OF THE
CONGRESS.
(a) FINDINGS.—The Congress finds the following:
(1) The date of September 2, 1995, will mark
the 50th anniversary of the signing of the peace ac-
cords among the nations involved in World War II
in the Pacific.
(2) Such date marked the end of all hostilities
in the largest war the world has ever known.
(3) September 2, 1945, also marked the birth
of a democratic form of government in Japan.
(b) SENSE OF THE CONGRESS.—It is the sense of
the Congress that—
(1) the 50th anniversary of the signing of the
peace accords on the U.S.S. Missouri should not go
unrecognized at the national level; and
(2) the United States should recognize such an-
niversary by minting and issuing a commemorative
coin.
SEC. 3. COIN SPECIFICATIONS.
(a) HALF DOLLAR CLAD COINS.—
(1) ISSUANCE.—The Secretary of the Treasury
(hereafter in this Act referred to as the ‘‘Secretary’’)
shall issue not more than 500,000 half dollar coins
which shall be minted to the specifications for half
dollar coins contained in section 5112(b) of title 31,
United States Code.
(2) DESIGN.—The design of the half dollar
coins shall be emblematic of the signing of the peace
accords on September 2, 1945. On each coin shall
be a designation of the value of the coin, an inscrip-
tion of the year ‘‘1995’’, and inscriptions of the
words ‘‘Liberty’’, ‘‘In God We Trust’’, ‘‘United
States of America’’, and ‘‘E Pluribus Unum’’.
(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 section
5132(a)(1) of title 31, United States Code, all coins mint-
ed under this Act shall be considered to be numismatic
items.
SEC. 4. SELECTION OF DESIGN.
The design for the coins authorized by this Act shall
be—
(1) selected by the Secretary after consultation
with the Admiral Nimitz Foundation and the Com-
mission of Fine Arts; and
(2) reviewed by the Citizens Commemorative
Coin Advisory Committee.
SEC. 5. ISSUANCE OF THE COINS.
(a) PERIOD FOR ISSUANCE.—The coins minted under
this Act may be issued by the Secretary beginning on Jan-
uary 1, 1995.
(b) TERMINATION OF AUTHORITY.—Coins may not
be minted under this Act after December 31, 1995.
(c) PROOF AND UNCIRCULATED COINS.—The coins
minted under this Act shall be issued in uncirculated and
proof qualities.
SEC. 6. SALE OF COINS.
(a) SALE PRICE.—Notwithstanding any other provi-
sion of law, the Secretary shall sell the coins minted under
this Act at a price equal to the face value, plus the cost
of designing and issuing the coins (including labor, mate-
rials, dies, use of machinery, and overhead expenses).
(b) BULK SALES.—The Secretary shall make any
bulk sales of the coins minted under this Act at a reason-
able discount.
(c) PREPAID ORDERS.—The Secretary shall accept
prepaid orders for the coins minted under this Act prior
to the issuance of such coins. Sale prices with respect to
such prepaid orders shall be at a reasonable discount.
(d) SURCHARGE.—All sales of coins minted under
this Act shall include a surcharge of $5.00 per coin.
SEC. 7. 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 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. 8. 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 to the Admiral Nimitz Foundation
for the purpose of preserving the Pacific War heritage of
the United States.
SEC. 9. AUDITS.
The Comptroller General shall have the right to ex-
amine such books, records, documents, and other data of
the Admiral Nimitz Foundation as may be related to the
expenditure of amounts paid under section 8.
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 minting and issuing coins under this Act will
not result in any net cost to the United States Govern-
ment.
(b) PAYMENT FOR COINS.—A coin shall not be issued
under this Act unless the Secretary has received—
(1) full payment for the 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 Board.
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