Title: National Purple Heart Honor Mission Commemorative Coin Act
Policy area: Finance and Financial Sector

Summary:
National Purple Heart Honor Mission Commemorative Coin Act
This bill directs the Department of the Treasury to mint and issue $5 gold coins, $1 silver coins, and half-dollar clad coins emblematic of the mission of the National Purple Heart Honor Mission.
The bill limits the issuance of such coins to the one-year period beginning on January 1, 2022.
The bill prescribes surcharges for coin sales, which shall be paid to the National Purple Heart Honor Mission, Inc., to support the mission of such organization, including capital improvements to the National Purple Heart Honor Mission facilities.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 2815 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 2815

To require the Secretary of the Treasury to mint coins in commemoration 
              of the National Purple Heart Honor Mission.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            November 7, 2019

  Mr. Schumer (for himself, Mr. Cramer, Mr. Inhofe, Mr. Isakson, Mr. 
 Daines, Mrs. Gillibrand, Ms. Klobuchar, and Ms. Duckworth) 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 commemoration 
              of the National Purple Heart Honor Mission.

    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 Purple Heart Honor Mission 
Commemorative Coin Act''.

SEC. 2. FINDINGS.

    The Congress finds the following:
            (1) The mission of the National Purple Heart Honor Mission 
        is--
                    (A) to commemorate the extraordinary sacrifice of 
                servicemembers of the United States who were killed or 
                wounded by enemy action; and
                    (B) to collect and preserve the stories of Purple 
                Heart recipients from all branches of service and 
                across generations to ensure that all recipients are 
                represented.
            (2) The National Purple Heart Honor Mission first opened 
        its doors on November 10, 2006, in New Windsor, New York.
            (3) The National Purple Heart Honor Mission is colocated 
        with the New Windsor Cantonment State Historic Site.
            (4) The National Purple Heart Mission estimates 1,800,000 
        servicemembers of the United States were wounded or killed in 
        action representing recipients from the Civil War to the 
        present day, serving as a living memorial to their sacrifice by 
        sharing their stories through interviews, exhibits, and the 
        Roll of Honor, an interactive computer database of each 
        recipient enrolled.

SEC. 3. COIN SPECIFICATIONS.

    (a) Denominations.--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) have a diameter of 0.850 inches; and
                    (C) contain 90 percent gold and 10 percent alloy.
            (2) $1 silver coins.--Not more than 400,000 $1 coins, which 
        shall--
                    (A) weigh 26.73 grams;
                    (B) have 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) 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) 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 5134 of title 31, 
United States Code, all coins minted under this Act shall be considered 
to be numismatic items.

SEC. 4. DESIGNS OF COINS.

    (a) Designs Requirements.--
            (1) In general.--The designs of the coins minted under this 
        Act shall be emblematic of the mission of the National Purple 
        Heart Honor Mission.
            (2) 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 year ``2022''; and
                    (C) inscriptions of the words ``Liberty'', ``In God 
                We Trust'', ``United States of America'', and ``E 
                Pluribus Unum''.
    (b) Selection.--The designs for the coins minted under this Act 
shall be--
            (1) selected by the Secretary after consultation with the 
        Commission of Fine Arts and the National Purple Heart Honor 
        Mission, Inc.; 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, 
2022.

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, 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.

SEC. 7. SURCHARGES.

    (a) In General.--All sales of coins issued under this Act shall 
include a surcharge of--
            (1) $35 per coin for the $5 coin;
            (2) $10 per coin for the $1 coin; and
            (3) $5 per coin for the half-dollar coin.
    (b) Distribution.--Subject to section 5134(f)(1) 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 Purple Heart Honor Mission, Inc. to support 
the mission of the National Purple Heart Honor Mission, Inc., including 
capital improvements to the National Purple Heart Honor Mission 
facilities.
    (c) Audits.--The National Purple Heart Honor Mission, Inc. 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 2 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 result in no 
        net cost to the Federal Government; and
            (2) no funds, including applicable surcharges, are 
        disbursed to any recipient designated in section 7(b) until the 
        total cost of designing and issuing all of the coins authorized 
        by this Act, including labor, materials, dies, use of 
        machinery, 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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