Christa McAuliffe Commemorative Coin Act of 2016

Bill: 114-s-2890
Sponsor: full_name: Sen. Ayotte, Kelly [R-NH]
Introduced: 2016-04-28
Policy area: Finance and Financial Sector
Subjects: Currency

Education programs funding

Science and engineering education

Space flight and exploration

Teaching, teachers, curricula
Latest action: action_date: 2016-04-28
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2016-04-28
action_desc: Introduced in Senate
text: <p><strong>Christa McAuliffe Commemorative Coin Act of 2016</strong></p> <p>This bill directs the Department of the Treasury to mint and issue not more than 350,000 $1 silver coins in commemoration of Christa McAuliffe.</p> <p>The design of the coins shall bear an image of and the name of Christa McAuliffe on the obverse side and a design on the reverse side that depicts the legacy of McAuliffe as a teacher.</p> <p>Treasury may issue the coins from January 1-December 31, 2018.</p> <p>All surcharges received by Treasury from the sale of the coins shall be paid to the FIRST robotics program for the purpose of engaging and inspiring young people, through mentor-based programs, to become leaders in the fields of science, technology, engineering, and mathematics.</p>

tv_txt: II 114th CONGRESS 2d Session S. 2890 IN THE SENATE OF THE UNITED STATES April 28, 2016 Ms. Ayotte (for herself and Mrs. Shaheen ) 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 Christa McAuliffe.

1. Short title This Act may be cited as the Christa McAuliffe Commemorative Coin Act of 2016 . 2. Findings Congress finds the following: (1) Christa McAuliffe was a social studies teacher at Concord High School in Concord, New Hampshire. (2) In 1985, Christa McAuliffe was selected to be the first participant in the Teacher in Space program of the National Aeronautics and Space Administration. (3) On January 28, 1986, Christa McAuliffe and 6 other astronauts were tragically killed during the Space Shuttle Challenger disaster. (4) In 1989, For Inspiration and Recognition of Science and Technology (in this Act referred to as FIRST ) was founded to inspire young people’s interest and participation in science and technology. (5) The mission of FIRST is to inspire young people to be science and technology leaders, by engaging them in exciting mentor-based programs that build science, engineering, and technology skills, that inspire innovation, and that foster well-rounded life capabilities including self-confidence, communication, and leadership . (6) Each year, more than 1,000,000 children from the United States and more than 86 countries participate in a FIRST program. (7) Studies have shown that alumni of FIRST programs are more likely to become scientists and engineers and to volunteer in their communities. (8) FIRST is dedicated to carrying on the mission of Christa McAuliffe of inspiring students and creating a new generation of dreamers and innovators. (9) 2016 marks the 30th anniversary of the Space Shuttle Challenger tragedy. 3. Coin specifications (a) Denominations In commemoration of Christa McAuliffe, the Secretary of the Treasury (hereafter referred to in this Act as the Secretary ) shall mint and issue not more than 350,000 $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 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. 4. Design of coins (a) Design requirements (1) In general The design of the coins minted under this Act shall bear— (A) an image of and the name of Christa McAuliffe on the obverse side; and (B) a design on the reverse side that depicts the legacy of Christa McAuliffe as a teacher. (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 2018 ; and (C) inscriptions of the words Liberty , In God We Trust , United States of America , and E Pluribus Unum . (b) Selection The design for the coins minted under this Act shall be— (1) selected by the Secretary, after consultation with the family of Christa McAuliffe and FIRST; and (2) reviewed by the Citizens Coinage Advisory Committee. 5. Issuance of coins (a) Quality of coins Coins minted under this Act shall be issued in uncirculated and proof qualities. (b) Mint facility Only 1 facility of the United States Mint may be used to strike any particular quality of the coins minted under this Act. (c) Period for issuance The Secretary may issue coins under this Act only during the period beginning on January 1, 2018, and ending on December 31, 2018. 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 under section 7(a) with respect to the coins; and (3) the cost of designing and issuing the coins, including— (A) labor; (B) materials; (C) dies; (D) use of machinery; (E) overhead expenses; (F) marketing; and (G) 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 the coins. (2) Discount Sale prices with respect to prepaid orders under paragraph (1) shall be at a reasonable discount. 7. Surcharges (a) In general All sales of coins issued under this Act shall include a surcharge of $10 per coin. (b) Distribution Subject to section 5134(f) of title 31, United States Code, and section 8(2), all surcharges received by the Secretary from the sale of coins issued under this Act shall be promptly paid by the Secretary to the FIRST robotics program for the purpose of engaging and inspiring young people, through mentor-based programs, to become leaders in the fields of science, technology, engineering, and mathematics. (c) Audits The FIRST robotics program shall be subject to the audit requirements of section 5134(f)(2) of title 31, United States Code, with respect to the amounts received under subsection (b). 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.