Title: American Innovation $1 Coin Act
Policy area: Finance and Financial Sector

Summary:
American Innovation $1 Coin Act
This bill directs the Department of the Treasury to mint and issue American Innovation $1 coins commemorating an innovation, an individual innovator, or a group of innovators from each state, each U.S. territory, and the District of Columbia. Treasury shall issue four coins per year, in alphabetical order by jurisdiction, until a coin has been issued for each jurisdiction.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 2399 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 2399

 To require the Secretary of the Treasury to mint coins in recognition 
   of American innovation and significant innovation and pioneering 
   efforts of individuals or groups from each of the 50 States, the 
District of Columbia, and the United States territories, to promote the 
    importance of innovation in the United States, the District of 
  Columbia, and the United States territories, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            February 7, 2018

  Mr. Murphy introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 To require the Secretary of the Treasury to mint coins in recognition 
   of American innovation and significant innovation and pioneering 
   efforts of individuals or groups from each of the 50 States, the 
District of Columbia, and the United States territories, to promote the 
    importance of innovation in the United States, the District of 
  Columbia, and the United States territories, and for other purposes.

    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 ``American Innovation $1 Coin Act''.

SEC. 2. AMERICAN INNOVATION $1 COIN PROGRAM.

    Section 5112 of title 31, United States Code, is amended by 
inserting after subsection (v) the following new subsection:
    ``(w) Redesign and Issuance of $1 Coins Honoring Innovation and 
Innovators From Each State, the District of Columbia, and Each 
Territory.--
            ``(1) Redesign beginning in 2019.--
                    ``(A) In general.--Notwithstanding subsection 
                (d)(1) and subsection (d)(2) and in accordance with the 
                provisions of this subsection, during the 14-year 
                period beginning on January 1, 2019 (or such later date 
                as provided under subparagraph (B)(ii)), the Secretary 
                of the Treasury shall mint and issue $1 coins to be 
                known as `American Innovation $1 coins', that--
                            ``(i) have designs on the obverse selected 
                        in accordance with paragraph (2)(A); and
                            ``(ii) have a design on the reverse 
                        selected in accordance with paragraph (2)(B).
                    ``(B) Continuity provisions.--
                            ``(i) In general.--Notwithstanding 
                        subparagraph (A), the Secretary shall continue 
                        to mint and issue $1 coins honoring Native 
                        Americans and their contributions in accordance 
                        with subsection (r).
                            ``(ii) First coin.--Notwithstanding 
                        subparagraph (A), if the Secretary finds that 
                        it is feasible and cost-effective, the 
                        Secretary may mint and issue a $1 coin in 2018 
                        to introduce the series of coins described in 
                        this subsection, that--
                                    ``(I) has the obverse described 
                                under paragraph (2)(A);
                                    ``(II) has a reverse that bears the 
                                inscription `United States of America' 
                                and `American Innovators' and a 
                                representation of the signature of 
                                President George Washington on the 
                                first United States patent issued;
                                    ``(III) has the edge-incusing 
                                described under paragraph (2)(C); and
                                    ``(IV) the design for which has 
                                reviewed by the Citizens Coinage 
                                Advisory Committee.
                    ``(C) Definition of territory.--For purposes of 
                this subsection, the term `territory' means the 
                Commonwealth of Puerto Rico, Guam, American Samoa, the 
                United States Virgin Islands, and the Commonwealth of 
                the Northern Mariana Islands.
            ``(2) Design requirements.--Notwithstanding subsection 
        (d)(1) and subsection (d)(2), the $1 coins issued in accordance 
        with paragraph (1)(A) shall meet the following design 
        requirements:
                    ``(A) Coin obverse.--The common design on the 
                obverse of each coin issued under this subsection shall 
                contain--
                            ``(i) a likeness of the Statue of Liberty 
                        extending to the rim of the coin and large 
                        enough to provide a dramatic representation of 
                        Liberty;
                            ``(ii) the inscription `$1'; and
                            ``(iii) the inscription `In God We Trust'.
                    ``(B) Coin reverse.--The design on the reverse of 
                each coin issued under this subsection shall bear the 
                following:
                            ``(i) An image or images emblematic of one 
                        of the following from one of the 50 States, the 
                        District of Columbia, or the territories of the 
                        United States:
                                    ``(I) A significant innovation.
                                    ``(II) An innovator.
                                    ``(III) A group of innovators.
                            ``(ii) The name of the State, the District 
                        of Columbia, or territory, as applicable.
                            ``(iii) The inscription `United States of 
                        America'.
                    ``(C) Edge-incused inscriptions.--
                            ``(i) In general.--The inscription of the 
                        year of minting or issuance of the coin, the 
                        mint mark, and the inscription `E Pluribus 
                        Unum' shall be edge-incused into the coin.
                            ``(ii) Preservation of distinctive edge.--
                        The edge-incusing of the inscriptions under 
                        clause (i) on coins issued under this 
                        subsection shall be done in a manner that 
                        preserves the distinctive edge of the coin so 
                        that the denomination of the coin is readily 
                        discernible, including by individuals who are 
                        blind or visually impaired.
            ``(3) Issuance of coins commemorating innovation or 
        innovators.--
                    ``(A) Order of issuance.--The coins issued under 
                this subsection commemorating either an innovation, an 
                individual innovator, or a group of innovators, from 
                each State, the District of Columbia, or a territory 
                shall be issued in alphabetic order of the State, the 
                District, or territory represented, starting with 
                Alabama, and with the District of Columbia following 
                Delaware.
                    ``(B) Issuance of coins commemorating four 
                innovations or innovators during each of 14 years.--
                            ``(i) In general.--Four $1 coin designs as 
                        described in this subsection shall be issued 
                        during each year of the period referred to in 
                        paragraph (1) until one coin featuring one 
                        innovation, an individual innovator, or a group 
                        of innovators, from each of the States, the 
                        District of Columbia, and territories has been 
                        issued.
                            ``(ii) Number of coins of each design.--The 
                        Secretary shall prescribe, on the basis of such 
                        factors as the Secretary determines to be 
                        appropriate, the number of $1 coins that shall 
                        be issued with each of the designs selected for 
                        each year of the period referred to in 
                        paragraph (1).
                            ``(iii) Application in event of the 
                        admission of additional states or 
                        territories.--Notwithstanding clause (i), if 
                        any additional State or territory is admitted 
                        into the Union before the end of the 14-year 
                        period referred to in paragraph (1), the 
                        Secretary of the Treasury may issue $1 coins 
                        with respect to such additional State or 
                        territory, in accordance with this subsection 
                        during any one year of such 14-year period, in 
                        addition to the four $1 coins issued during 
                        such year in accordance with clause (i).
                            ``(iv) Application in the event of 
                        independence.--Notwithstanding paragraph 
                        (3)(B)(i), if any territory becomes independent 
                        or otherwise ceases to be a territory of the 
                        United States before $1 coins are minted 
                        pursuant to this subsection, the subsection 
                        shall cease to apply with respect to such 
                        territory.
            ``(4) Selection of concept and design.--
                    ``(A) Concept.--With respect to each State, the 
                District of Columbia, and each territory to be honored 
                with a coin under this subsection, the selection of the 
                significant innovation, innovator, or group of 
                innovators to be borne on the reverse of such coin 
                shall be made by the Secretary of the Treasury, after 
                consultation with the Governor or other chief executive 
                of the State, the District of Columbia, or territory 
                with respect to which a coin is to be issued under this 
                subsection.
                    ``(B) Design.--Each of the designs required under 
                this subsection shall be selected by the Secretary 
                after--
                            ``(i) consultation with--
                                    ``(I) the Governor or other chief 
                                executive of the State, the District of 
                                Columbia, or territory with respect to 
                                which a coin is to be issued under this 
                                subsection; and
                                    ``(II) the Commission of Fine Arts; 
                                and
                            ``(ii) review by the Citizens Coinage 
                        Advisory Committee.
                    ``(C) Selection and approval process.--Proposals 
                for designs for $1 coins under this subsection may be 
                submitted in accordance with the design selection and 
                approval process developed by the Secretary in the sole 
                discretion of the Secretary.
                    ``(D) Standards.--Because it is important that the 
                Nation's coinage and currency bear dignified designs of 
                which the citizens of the United States can be proud, 
                the Secretary shall not select any frivolous or 
                inappropriate design for any $1 coin minted under this 
                subsection.
                    ``(E) Prohibition on certain representations.--No 
                head and shoulders portrait or bust of any person and 
                no portrait of a living person may be included in the 
                design of any coin issued under this subsection.
            ``(5) Treatment as numismatic items.--For purposes of 
        sections 5134 and 5136, all $1 coins minted under this 
        subsection shall be considered to be numismatic items.
            ``(6) Issuance of numismatic coins.--The Secretary may mint 
        and issue such number of $1 coins of each design selected under 
        this subsection in uncirculated and proof qualities as the 
        Secretary determines to be appropriate.
            ``(7) Termination of program.--The issuance of coins under 
        this subsection shall terminate when one innovation, an 
        individual innovator, or a group of innovators, from each 
        State, the District of Columbia, and each territory has been 
        honored and may not be resumed except by an Act of Congress.''.
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