Jamestown 400th Anniversary Commemorative Coin Act of 2003

Bill: 108-s-976
Sponsor: Sen. Warner, John [R-VA]
Introduced: 2003-05-01 in the Senate
Policy area: Commemorations
Subjects: Anniversaries
Archaeology
Arts, Culture, Religion
Associations, institutions, etc.
Coins and coinage
Finance and Financial Sector
Foundations
Gold
Historic sites
History
Public Lands and Natural Resources
Silver
Social Welfare
Virginia

Summary:
action_date: 2003-05-01
text: Jamestown 400th Anniversary Commemorative Coin Act of 2003 - Directs the Secretary of the Treasury to mint and issue not more than 100,000 $5 gold coins and 500,000 $1 silver coins, which shall be emblematic of the settlement of Jamestown, Virginia (the first permanent English settlement in America).
Provides for a $35 per coin surcharge for the $5 dollar coins and $10 per coin for the $1 dollar coins. Directs the Secretary to distribute: (1) 50 percent of the surcharges to the Jamestown-Yorktown Foundation of Virginia to support programs to promote the understanding of the legacies of Jamestown; and (2) 50 percent to sustain the ongoing mission of preserving Jamestown, to enhance national and international educational programs, to improve infrastructure and archeological research activities, and to conduct other programs to support the commemoration of the 400th anniversary of the settlement of Jamestown. States that entities specified for such purposes are the Secretary of the Department of the Interior, the President of the Association for the Preservation of Virginia Antiquities, and the Chairman of the Jamestown-Yorktown Foundation.
action_date: 2004-07-14
text: 

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

 
Jamestown 400th Anniversary Commemorative Coin Act of 2003 - Directs the Secretary of the Treasury (the Secretary) to mint and issue not more than 100,000 $5 gold coins and 500,000 $1 silver coins, which shall be emblematic of the settlement of Jamestown, Virginia (the first permanent English settlement in America).
 
Prohibits: (1) any provision of law governing procurement or public contracts from being applicable to the procurement of goods and services necessary for carrying out the provisions of this Act; and (2) such general waiver of procurement regulations from relieving any person entering into a contract under the authority of this Act from complying with any law relating to equal employment opportunity.
 
Provides for a $35 per coin surcharge for the $5 dollar coins and $10 per coin for the $1 dollar coins. Directs the Secretary to distribute: (1) 50 percent of the surcharges to the Jamestown-Yorktown Foundation of Virginia to support programs to promote the understanding of the legacies of Jamestown; and (2) 50 percent to sustain the ongoing mission of preserving Jamestown, to enhance national and international educational programs, to improve infrastructure and archeological research activities, and to conduct other programs to support the commemoration of the 400th anniversary of the settlement of Jamestown. States that entities specified for such purposes are the Secretary of the Department of the Interior, the President of the Association for the Preservation of Virginia Antiquities, and the Chairman of the Jamestown-Yorktown Foundation. 
Requires the Secretary to take such actions as may be necessary to ensure that minting and issuing coins under this Act will not result in any net cost to the U.S. Government. 
Prohibits the issuance of a coin unless the Secretary has received: (1) full payment for the coin; (2) security satisfactory to the Secretary to indemnify the United States for full payment; or (3) a guarantee of full payment satisfactory to the Secretary from a depository institution, the deposits of which are insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration.

Legislative actions:
action_date: 2004-07-14
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 633.
action_date: 2004-07-14
text: Committee on Banking, Housing, and Urban Affairs. Reported by Senator Shelby without amendment. Without written report.
action_date: 2004-07-14
text: Committee on Banking, Housing, and Urban Affairs. Reported by Senator Shelby without amendment. Without written report.
action_date: 2004-06-17
text: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
action_date: 2003-05-01
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5667-5668)
action_date: 2003-05-01
text: Sponsor introductory remarks on measure. (CR S5667)
action_date: 2003-05-01
text: Introduced in Senate