I
104TH CONGRESS
1ST SESSION
H. R. 2285
To require the Secretary of the Treasury to mint coins in commemoration
of Theodore Roosevelt, to authorize the appropriation of the surcharges
imposed with respect to such coins to the Secretary of the Interior
for use in connection with the administration of the Endangered Species
Act of 1973, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
SEPTEMBER 7, 1995
Mr. POMBO introduced the following bill; which was referred to the Committee
on Banking and Financial Services
A BILL
To require the Secretary of the Treasury to mint coins
in commemoration of Theodore Roosevelt, to authorize
the appropriation of the surcharges imposed with respect
to such coins to the Secretary of the Interior for use
in connection with the administration of the Endangered
Species Act of 1973, 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; FINDINGS.
(a) SHORT TITLE.—This Act may be cited as the
‘‘Theodore Roosevelt Commemorative Coin Act’’.
(b) FINDINGS.—The Congress makes the following
findings:
(1) Theodore Roosevelt, the 26th President of
the United States, inspired and led the people of the
United States toward the goal of natural resource
conservation.
(2) The protection and conservation of the Na-
tion’s natural heritage requires the acquisition by
the United States of habitat and rights to the use
of habitat.
(3) Allowing those persons who benefit from
and support conservation efforts to participate in the
funding of those efforts is desirable and achievable
through the sale of collectors’ commemorative coins.
SEC. 2. COIN SPECIFICATIONS.
(a) DENOMINATIONS.—The Secretary of the Treas-
ury (hereafter in this Act referred to as the ‘‘Secretary)
shall mint and issue the following coins:
(1) $5 GOLD
COINS.—5 dollar coins, which
shall—
(A) weigh 8.359 grams;
(B) have a diameter of 0.850 inches; and
(C) contain 90 percent gold and 10 percent
alloy.
(2) $1 SILVER COINS.—1 dollar coins, which
shall—
(A) weigh 26.73 grams;
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 per-
cent copper.
(3) HALF DOLLAR CLAD COINS.—Half dollar
coins which shall—
(A) weigh 11.34 grams;
(B) have a diameter of 1.205 inches; and
(C) be minted to the specifications for half
dollar coins contained in section 5112(b) of title
31, United States Code.
(b) AMOUNTS OF COINS.—
(1) GOLD
COINS.—The Secretary shall issue
coins under subsection (a)(1) with the dates and in
the amounts as follows:
Year
Amount
1997 .......................................
Not more than 500,000.
1998 .......................................
Not more than 500,000.
(2) SILVER COINS.—The Secretary shall issue
coins under subsection (a)(2) with the dates and in
the amounts as follows:
Year
Amount
1997 .......................................
Not more than 1,000,000.
1998 .......................................
Not more than 1,000,000.
(3) CLAD
COINS.—The Secretary shall issue
coins under subsection (a)(3) with the dates and in
the amounts as follows:
Year
Amount
1997 .......................................
Not more than 1,000,000.
1998 .......................................
Not more than 1,250,000.
(c) LEGAL TENDER.—The coins minted under this
Act shall be legal tender, as provided in section 5103 of
title 31, United States Code.
(d) NUMISMATIC ITEMS.—For purposes of section
5134 of title 31, United States Code, all coins minted
under this Act shall be considered to be numismatic items.
SEC. 3. SOURCES OF BULLION.
(a) GOLD.—The Secretary shall obtain gold for mint-
ing coins under this Act pursuant to the authority of the
Secretary under other provisions of law.
(b) SILVER.—The Secretary shall obtain silver for
minting coins under this Act only from stockpiles estab-
lished under the Strategic and Critical Materials Stock
Piling Act.
SEC. 4. DESIGN OF COINS.
(a) DESIGN REQUIREMENTS.—
(1) OBVERSE.—The obverse side of the coins
minted under this Act shall bear the likeness of
Theodore Roosevelt.
(2) REVERSE.—The reverse side of the coin
shall be emblematic of the Nation’s natural re-
sources.
(3) DESIGNATION
AND
INSCRIPTIONS.—On
each coin minted under this Act there shall be—
(A) a designation of the value of the coin;
(B) an inscription of the date of the coin
as specified in section 2(b); and
(C) inscriptions of the words ‘‘Liberty’’,
‘‘In God We Trust’’, ‘‘United States of Amer-
ica’’, and ‘‘E Pluribus Unum’’.
(b) SELECTION.—The design for the coins minted
under this Act shall be—
(1) selected by the Secretary after consultation
with the Commission of Fine Arts; and
(2) reviewed by the Citizens Commemorative
Coin 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 of the United
States Mint may be used to strike any particular combina-
tion of denomination and quality of the coins minted under
this Act.
(c) COMMENCEMENT OF ISSUANCE.—The Secretary
may issue coins minted under this Act beginning January
1, 1997.
(d) TERMINATION
OF MINTING AUTHORITY.—No
coins may be minted under this Act after December 31,
1998.
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;
(2) the surcharge provided in subsection (d)
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.
(d) SURCHARGES.—All sales shall include a sur-
charge of—
(1) $35 per coin for the $5 coin;
(2) $7 per coin for the $1 coin; and
(3) $2 per coin for the half dollar 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.
(a) ADMINISTRATION OF ENDANGERED SPECIES ACT
OF 1973.—All surcharges received by the Secretary from
the sale of coins issued under this Act shall, to the extent
and in amounts provided in advance in appropriation Acts,
be promptly made available by the Secretary to the Sec-
retary of the Interior for use by such Secretary in connec-
tion with the administration of the Endangered Species
Act of 1973.
(b) EXCESS AMOUNTS.—If, after the sale of all coins
minted under this Act, the amount of surcharges received
by the Secretary from the sale of coins issued under this
Act exceeds the amount of such surcharges which have
been appropriated to the Secretary of the Interior in ac-
cordance with subsection (a), such excess amount shall be
deposited in the general fund of the Treasury.
SEC. 9. 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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