National Women’s Hall of Fame Commemorative Coin Act of 2021
Bill: S.867 | Sponsor: Sen. Gillibrand, Kirsten E. (D-NY)
Policy area: Finance and Financial Sector

Summary:
National Women's Hall of Fame Commemorative Coin Act of 2021
This bill directs the Department of the Treasury to mint and issue $5 gold coins, $1 silver coins, half-dollar clad coins, and proof silver $1 coins in recognition and celebration of the National Women's Hall of Fame in Seneca Falls, New York.
All minted coins shall include a specified surcharge, which shall be paid to the National Women's Hall of Fame Foundation to establish an endowment fund to provide for the long-term financing of the hall's operations.

To require the Secretary of the Treasury to mint coins in recognition 
         and celebration of the National Women's Hall of Fame.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``National Women's Hall of Fame 
Commemorative Coin Act of 2021''.

SEC. 2. FINDINGS.

    The Congress finds the following:
            (1) In 1969, the National Women's Hall of Fame was 
        established in Seneca Falls, New York, the location of the 
        first Women's Rights Convention in 1848. A total of 276 women 
        have been inducted represented well by the first class that 
        included Jane Addams, Marian Anderson, Susan B. Anthony, Clara 
        Barton, Mary MacLeod Bethune, Elizabeth Blackwell, Pearl S. 
        Buck, Rachel Carson, Mary Cassatt, Emily Dickinson, Amelia 
        Earhart, Alice Hamilton, Helen Hayes, Helen Keller, Eleanor 
        Roosevelt, Florence Sabin, Margaret Chase Smith, Elizabeth Cady 
        Stanton, Helen Brooke Taussig, and Harriet Tubman.
            (2) The National Women's Hall of Fame is the Nation's 
        oldest membership organization dedicated to recognizing and 
        celebrating the achievements of great American women.
            (3) The involvement of women in the Nation's history is 
        inadequately chronicled, commemorated, and celebrated as 
        reflected in the following:
                    (A) Fewer than 5 percent of the 2,596 national 
                historic landmarks chronicle women's achievements.
                    (B) Only 9 of the 112 statues in the Capitol's 
                Statuary Hall are of women.
                    (C) The National Park Service notes that only 3 of 
                the 130 national monuments in the United States are 
                dedicated to historic female figures.
                    (D) Of the 5,575 outdoor sculpture portraits of 
                historical figures in the United States, 559 portray 
                women according to the Smithsonian American Art 
                Museum's online inventories catalog.
                    (E) 6 of the 89 National Historic Sites commemorate 
                women.
                    (F) Only 219 United States Postal Stamps were 
                issued to commemorate women.
            (4) The National Women's Hall of Fame will complete 
        rehabilitation of its new home at the former Seneca Falls 
        Knitting Mill, which is a historic building included in the 
        National Historic Registry. The new building has over 20,000 
        square feet available for artifacts to ensure that women's 
        history and women's contribution to American history will be 
        preserved and recounted for future generations.
            (5) The National Women's Hall of Fame plans to design an 
        educational program utilizing video conference technology with 
        students and teachers participating in interactive lessons led 
        by educators from the National Women's Hall of Fame. This 
        program will provide important lessons on the impact that women 
        have had on mathematics, geography, education, sciences, 
        medicine, military, government, civil rights, economics, 
        industrial technology, arts, and communication.

SEC. 3. COIN SPECIFICATIONS.

    (a) Denominations.--In recognition and celebration of the National 
Women's Hall of Fame, the Secretary of the Treasury (hereafter in this 
Act referred to as the ``Secretary'') shall mint and issue the 
following coins:
            (1) $5 gold coins.--Not more than 50,000 $5 coins, which 
        shall--
                    (A) weigh 8.359 grams;
                    (B) be struck on a planchet having diameter of 
                0.850 inches; and
                    (C) contain not less than 90 percent gold.
            (2) $1 silver coins.--Not more than 400,000 $1 coins, which 
        shall--
                    (A) weigh 26.73 grams;
                    (B) be struck on a planchet having a diameter of 
                1.500 inches; and
                    (C) contain not less than 90 percent silver.
            (3) Half-dollar clad coins.--Not more than 750,000 half-
        dollar coins which shall--
                    (A) weigh 11.34 grams;
                    (B) be struck on a planchet having 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.
            (4) Proof silver $1 coins.--Not more than 100,000 proof $1 
        silver coins which shall--
                    (A) weigh 5 ounces;
                    (B) be struck on a planchet having a diameter of 3 
                inches; and
                    (C) contain .999 fine 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 numismatic items.
    (d) Sense of Congress.--It is the sense of Congress that, to the 
extent possible without significantly adding to the purchase price of 
the coins, the coins minted under this Act should be produced in a 
fashion that provides a more dramatic display of the obverse design.

SEC. 4. DESIGNS OF COINS.

    (a) Designs Requirements.--
            (1) In general.--The designs of the coins minted under this 
        section shall be emblematic of the impact that women have had 
        on mathematics, geography, education, sciences, medicine, 
        military, government, civil rights, economics, industrial 
        technology, arts, and communication.
            (2) Designation and inscriptions.--On each coin minted 
        under this Act there shall be--
                    (A) a designation of the denomination of the coin;
                    (B) an inscription of the year ``2023''; and
                    (C) inscriptions of the words ``Liberty'', ``In God 
                We Trust'', ``United States of America'', and ``E 
                Pluribus Unum''.
    (b) Selection.--The designs of the coins minted under this Act 
shall be--
            (1) selected by the Secretary after consultation with--
                    (A) the National Women's Hall of Fame; and
                    (B) 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) 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;
            (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, winning design 
        compensation, 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 prepaid orders 
        under paragraph (1) shall be at a reasonable discount.
    (d) Marketing and Educational Campaign.--The Secretary shall 
develop and execute a marketing, promotion, and educational program to 
promote the collecting of the coins authorized under this Act.

SEC. 7. SURCHARGES.

    (a) In General.--All sales of coins minted under this Act shall 
include a surcharge as follows:
            (1) A surcharge of $35 per coin for the $5 coin.
            (2) A surcharge of $10 per coin for the $1 coin described 
        under section 3(a)(2).
            (3) A surcharge of $5 per coin for the half-dollar coin.
            (4) A surcharge of $50 per coin for the $1 coin described 
        under section 3(a)(4)
    (b) Distribution.--Subject to section 5134(f) 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 National Women's Hall of Fame Foundation to establish an endowment 
fund that will provide long-term financing for the National Women's 
Hall of Fame's operations.
    (c) Audits.--The National Women's Hall of Fame Foundation shall be 
subject to the audit requirements of section 5134(f)(2) of title 31, 
United States Code, with regard to the amounts received under 
subsection (b).
    (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 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 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 necessary to ensure 
that--
            (1) minting and issuing coins under this Act will not 
        result in any net cost to the United States Government; and
            (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, winning design compensation, 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.
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