Mother's Day Commemorative Coin Act

Bill: 113-s-2310
Sponsor: full_name: Sen. Rockefeller, John D., IV [D-WV]
Introduced: 2014-05-08
Policy area: Finance and Financial Sector
Subjects: Child health

Commemorative events and holidays

Currency

Health programs administration and funding

Medical research

Musculoskeletal and skin diseases

Research administration and funding

Social work, volunteer service, charitable organizations
Latest action: action_date: 2014-05-08
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2014-05-08
action_desc: Introduced in Senate
text: <p>Mother's Day Commemorative Coin Act - Instructs the Secretary of the Treasury to mint and issue not more than 400,000 $1 coins emblematic of the celebration of Mother's Day.</p> <p>Authorizes the Secretary to issue such coins beginning on January 1, 2018, except that the Secretary may initiate sales of such coins, without issuance, before such date.</p> <p>Terminates such minting authority after December 31, 2018.</p> <p>Requires coin sales to include a $10 surcharge per coin, with distribution of one-half of such surcharges to the St. Jude Children's Research Hospital and one-half to the National Osteoporosis Foundation for the purpose of furthering research.</p>

tv_txt: II 113th CONGRESS 2d Session S. 2310 IN THE SENATE OF THE UNITED STATES May 8, 2014 Mr. Rockefeller (for himself and Mr. Manchin ) 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 Mother’s Day.

1. Short title This Act may be cited as the Mother's Day Commemorative Coin Act . 2. Findings Congress finds the following: (1) Anna Jarvis, who is considered to be the founder of the modern Mother’s Day, was born in Webster, West Virginia, on May 1, 1864. (2) Anna Jarvis, a resident of Grafton, West Virginia, dedicated much of her adult life to honoring her mother, Ann Maria Reeves Jarvis, who passed on May 9, 1905. (3) In 1908, the Andrews Methodist Episcopal Church of Grafton, West Virginia, officially proclaimed the third anniversary of Ann Maria Reeves Jarvis’s death to be Mother’s Day. (4) In 1910, West Virginia Governor, William Glasscock, issued the first Mother’s Day proclamation encouraging all West Virginians to attend church and wear white carnations. (5) On May 8, 1914, H.J. Res. 263 was enacted, designating the second Sunday in May to be observed as Mother’s Day, and encouraging all Americans to display the American flag at their homes as a public expression of the love and reverence for the mothers of our Nation. (6) On May 9, 1914, President Woodrow Wilson issued a Presidential proclamation directing government officials to display the American flag on all government buildings and inviting the American people to display the flag at their homes on the second Sunday of May as a public expression of the love and reverence for the mothers of our Nation. 3. Coin specifications (a) Denominations The Secretary of the Treasury (referred to in this Act as the Secretary ) shall mint and issue not more than 400,000 $1 coins, each of which shall— (1) weigh 26.73 grams; (2) have a diameter of 1.500 inches; and (3) contain 90 percent silver and 10 percent copper. (b) Legal tender The coins minted under this Act shall be legal tender, as provided under 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. 4. Design of coins (a) Design requirements The design of the coins minted under this Act shall be emblematic of the celebration of Mother’s Day. (b) Designation and inscriptions On each coin minted under this Act, there shall be— (1) a designation of the value of the coin; (2) an inscription of the year 2018 ; and (3) inscriptions of the words Liberty , In God We Trust , United States of America , and E Pluribus Unum . (c) Selection The design of 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 Coinage Advisory Committee established under section 5135 of title 31, United States Code. 5. Issuance of coins (a) Quality of coins Coins minted under this Act shall be issued in uncirculated and proof qualities. (b) Commencement of issuance The Secretary may issue coins minted under this Act beginning on January 1, 2018, except that the Secretary may initiate sales of the coins before such date. (c) Termination of minting authority No coins shall be minted under this Act after December 31, 2018. 6. Sale of coins (a) Sale price Notwithstanding any other provision of law, the coins minted under this Act shall be sold by the Secretary at a price equal to the sum of the face value of the coins, the surcharge required under section 7(a) for the coins, and the cost of designing and issuing such coins (including labor, materials, dies, use of machinery, overhead expenses, and marketing). (b) Bulk sales The Secretary shall make bulk sales of the coins minted under this Act at a reasonable discount. (c) Prepaid orders at a discount (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. 7. Surcharges (a) Surcharge required All sales of coins minted under this Act shall include a surcharge of $10 per coin. (b) Distribution Subject to section 5134(f) of title 31, United States Code, all surcharges which are received by the Secretary from the sale of coins minted under this Act shall be promptly paid by the Secretary as follows: (1) 50 percent to the St. Jude Children's Research Hospital, for the purpose of furthering research funded by the hospital. (2) 50 percent to the National Osteoporosis Foundation, for the purpose of furthering research activities and research funded by the foundation. (c) Audits The St. Jude Children's Research Hospital and the National Osteoporosis 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 by the respective organizations under subsection (b).