Plymouth 400th Anniversary Commemorative Coin Act of 2016

Bill: 114-s-3105
Sponsor: full_name: Sen. Markey, Edward J. [D-MA]
Introduced: 2016-06-28
Policy area: Finance and Financial Sector
Subjects: Commemorative events and holidays

Currency

Historic sites and heritage areas

Historical and cultural resources

Indian social and development programs

Massachusetts

Museums, exhibitions, cultural centers

U.S. history
Latest action: action_date: 2016-06-28
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2016-06-28
action_desc: Introduced in Senate
text: <p><strong>Plymouth 400th Anniversary Commemorative Coin Act of 2016</strong></p> <p>This bill directs the Department of the Treasury to issue up to 100,000 $5 gold coins, 500,000 $1 silver coins, and 750,000 half-dollar clad coins emblematic of the landing and settlement of Plymouth Colony, Massachusetts, the signing of the Mayflower Compact, and the role of the indigenous Wampanoag tribes in the realization of the settlement.</p> <p>These coins may be issued only during a two-year period beginning January 1, 2020.</p> <p>Sales of such coins shall include specified surcharges, which shall be paid by Treasury as follows:</p> <ul> <li>50% to Plymouth 400, Inc., to support the its work to develop, implement, and provide oversight for the commemorations surrounding the events of 2020-2021 and to be distributed, at the organization's discretion, to local historical preservation and cultural organizations to support their work in educating the public about the settlement of 1620 and their continued existence for the benefit of future generations; </li> <li>15% to Plimoth Plantation to support its effort to maintain the replica of the 1627 Plantation, the Mayflower II, and the replica of the Wampanoag Village; </li> <li>15% to a Wampanoag tribal organization to continue programs to educate people about the life of the Wampanoag people prior to the Plymouth settlement and their interactions with the settlers; </li> <li>10% to the General Society of Mayflower Descendants to support the continued restoration of the main facility in Plymouth, to provide funding for its research library at that site, and for educational purposes; and </li> <li>10% to the Pilgrim Society to continue its work in displaying the story of the settlement and settlement artifacts. </li></ul>

tv_txt: II 114th CONGRESS 2d Session S. 3105 IN THE SENATE OF THE UNITED STATES June 28, 2016 Mr. Markey (for himself and Ms. Warren ) 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 400th anniversary of the landing and settlement of Plymouth Colony, the signing of the Mayflower Compact, and the role of the indigenous Wampanoag tribes in the realization of the settlement.

1. Short title This Act may be cited as the Plymouth 400th Anniversary Commemorative Coin Act of 2016 . 2. Findings The Congress finds that— (1) the United States is poised for an anniversary of national and international significance, the 400th anniversary of the Mayflower voyage and the founding of Plymouth Colony; (2) the Plymouth 400th anniversary will highlight the cultural contributions and United States traditions that began with the interaction of the indigenous Wampanoag and English peoples, a story that significantly shaped the building of the United States; (3) the settlers, some known as Pilgrims, and their ship the Mayflower, have come to represent national and international symbols of freedom and law; (4) the indigenous Wampanoag people, and their interaction with the Pilgrims, created an important legacy through their assistance and association, including participation in the shared harvest feast, The First Thanksgiving , which serves as the indelible icon for the Thanksgiving holiday in the United States; (5) the Mayflower Compact , signed near Provincetown off the coast of Cape Cod before landing in Plymouth, was the colonial cornerstone for self-governance in the New World and had a profound influence on later developments related to the Constitution of the United States and the Bill of Rights; (6) there are more than 20,000,000 descendants worldwide that trace their ancestry back to the Mayflower passengers arriving in 1620 and on subsequent ships in the 1620s; (7) in 2009, a nonprofit organization, Plymouth 400, Inc., was established to ensure a suitable national observance of the Plymouth 400th anniversary to include the themes of exploration, innovation, immigration, self-governance, religious freedom, and thanksgiving, which are legacies that were sparked by these historic events and that continue today as cornerstones of the United States; (8) Plymouth 400, Inc., will lead, support, and facilitate legislative and marketing efforts for a commemorative coin series, United States postage stamps, and related activities for the Plymouth 400th anniversary observances and commemorations in 2020; (9) a commemorative coin series will bring national and international attention to the lasting legacy of Plymouth Colony, its settlers, and the indigenous Wampanoag tribes of the area; (10) the proceeds from a surcharge on the sale of such commemorative coins will assist the financing of a suitable national observance in 2020 and 2021 of the 400th anniversary of the Pilgrim landing and historic events, including the signing of the Mayflower Compact, the First Thanksgiving feast, interaction with the indigenous Wampanoag people, and other significant events of the period; (11) today, people from across the 50 States and from around the world flock to Plymouth to see the landing place, Plymouth Rock, visit the re-created Mayflower and Plimoth Plantation, and trace their ancestry and learn about the indigenous Wampanoag and their integral role in the history of the United States; and (12) the story of the Pilgrims, the indigenous Wampanoag people, and the Mayflower are iconic symbols for the world representing freedom, family, law, and justice. 3. Coin specifications (a) Denominations The Secretary of the Treasury (hereinafter in this Act referred to as the Secretary ) shall mint and issue the following coins: (1) $5 gold coins Not more than 100,000 $5 coins, which shall— (A) weigh 8.359 grams; (B) have a diameter of 0.85 inches; and (C) contain 90 percent gold and 10 percent alloy. (2) $1 silver coins Not more than 500,000 $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 described 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 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 be emblematic of the landing and settlement of Plymouth Colony, the signing of the Mayflower Compact, and the role of the indigenous Wampanoag tribes in the realization of the settlement. (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 2020 , 2021 , or 2020–2021 ; 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 consulting with— (A) Plymouth 400, Inc.; (B) Plimoth Plantation, Inc.; (C) the Mashpee Wampanoag Tribe; (D) the Wampanoag Tribe of Gayhead (Aquinnah); (E) the General Society of Mayflower Descendants; (F) the Pilgrim Society; (G) the Plymouth Antiquarian Society; (H) the Pilgrim Monument and Pro­vince­town Museum; (I) the Massachusetts Cultural Council; and (J) the Massachusetts Historical Society; 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 minted under this Act only during a 2-year period beginning January 1, 2020. 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. 7. Surcharges (a) In general All sales of coins issued under this Act shall include a surcharge as follows: (1) A surcharge of $35 per coin for the $5 coin. (2) A surcharge of $10 per coin for the $1 coin. (3) A surcharge of $5 per coin for the half-dollar coin. (b) Distribution Subject to section 5134(f) of title 31, United States Code, all surcharges received by the Secretary from the sale of coins under this Act shall be promptly paid by the Secretary as follows: (1) 50 percent of the surcharges to Plymouth 400, Inc.— (A) to support the work of the organization to develop, implement, and provide oversight for the commemorations surrounding the events of 2020 through 2021; and (B) at the discretion of Plymouth 400 to distribute to local historical preservation and cultural organizations to support their important work in educating the public about the settlement of 1620, their continued existence for the benefit of future generations, and other related purposes. (2) 15 percent of the surcharges to Plimoth Plantation to support their effort to maintain the replica of the 1627 Plantation, the Mayflower II, and the replica of the Wampanoag Village. (3) 15 percent of the surcharges to a Wam­pa­no­ag tribal organization to continue programs to educate people about the life of the Wam­pa­no­ag people prior to the Plymouth settlement and the interactions between the settlers and the Wam­pa­no­ag people. (4) 10 percent of the surcharges to the General Society of Mayflower Descendants— (A) to support the continued restoration of the main facility in Plymouth; (B) to provide funding for their research library at that site; and (C) for educational purposes. (5) 10 percent of the surcharges to the Pilgrim Society to continue their work in displaying the story of the settlement and its artifacts, including the role of the indigenous Wampanoag tribe in the settlement. (c) Audits The Comptroller General of the United States shall have the right to examine such books, records, documents, and other data of each of the organizations referred to in subsection (b) as may be related to the expenditures of amounts paid under such subsection. (d) Limitations 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 such time of 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. 8. Financial assurances The Secretary shall take such actions as may be necessary to ensure that— (1) minting and issuing coins under this Act will not result in any net cost to the United States Government; and (2) no funds, including applicable surcharges, are disbursed to any recipient designated in section 7 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.