Q: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
SECTION 1. SHORT TITLE.

This Act may be cited as the ''1997 Franklin Delano Roosevelt
Commemorative Coin Act''.

SEC. 2. FINDINGS.

The Congress finds that--
(1) the people of the United States feel a deep debt of
gratitude to Franklin Delano Roosevelt for his leadership in
America's struggle for peace, well-being, and human dignity;
(2) Franklin Delano Roosevelt served his country as the
thirty-second President from 1932 until his death in 1945, and
is the only United States President elected to 4 terms in
office;
(3) Franklin Delano Roosevelt served the State of New York
as Governor from 1928 through 1932;
(4) Franklin Delano Roosevelt served his country as the
United States Assistant Secretary of the Navy from 1913 through
1920;
(5) Franklin Delano Roosevelt piloted the American people
through the economic chaos of the Great Depression;
(6) Franklin Delano Roosevelt, as our commander in chief,
led the American people through the turmoil of World War II;
(7) Franklin Delano Roosevelt established Social Security,
thus providing all Americans with a more abundant and secure
life;
(8) Franklin Delano Roosevelt was the author of ''The Four
Freedoms: Freedom of Speech, Freedom of Worship, Freedom from
Want, and Freedom from Fear'';
(9) Franklin Delano Roosevelt was the founder of the
National Foundation for Infantile Paralysis, parent
organization of the March of Dimes;
(10) Franklin Delano Roosevelt was the chief architect of
the United Nations;
(11) after many years of planning, the Franklin Delano
Roosevelt Memorial will soon join the memorials of Washington,
Jefferson, and Lincoln as a tribute to another great American
leader;
(12) the Franklin Delano Roosevelt Memorial will be a
series of 4 large outdoor rooms encompassing over 7 acres, and
will be situated between the Lincoln and Jefferson memorials in
Washington, D.C.; and
(13) in 1997, the Nation will celebrate the public opening
of this magnificent memorial, honoring one of our greatest
Presidents.

SEC. 3. COIN SPECIFICATIONS.

(a) Half Dollar Silver Coins.--The Secretary of the Treasury
(hereafter in this Act referred to as the ''Secretary'') shall mint and
issue not more than 500,000 half dollar coins, each of which shall--
(1) weigh 12.50 grams;
(2) have a diameter of 30.61 millimeters; 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 section 5134 of title 31,
United States Code, all coins minted under this Act shall be considered
to be numismatic items.

SEC. 4. SOURCES OF BULLION.

The Secretary shall obtain silver for minting coins under this Act
only from stockpiles established under the Strategic and Critical
Materials Stock Piling Act.

SEC. 5. DESIGN OF COINS.

(a) Design Requirements.--
(1) In general.--The obverse side of each coin minted under
this Act shall bear a likeness of Franklin Delano Roosevelt,
the thirty-second President of the United States. The reverse
side of each coin shall be emblematic of the Franklin Delano
Roosevelt Memorial in Washington, D.C.
(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 ''1997''; 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
Franklin Delano Roosevelt Memorial Commission and the
Commission of Fine Arts; and
(2) reviewed by the Citizens Commemorative Coin Advisory
Committee.
(c) Additions and Alterations.--No addition or alteration to the
design selected in accordance with subsection (b) shall be made without
the approval of the Franklin Delano Roosevelt Memorial Commission.

SEC. 6. ISSUANCE OF COINS.

(a) Quality and Mint Facility.--The coins authorized under this Act
may be issued in uncirculated and proof qualities and shall be struck
at the United States Bullion Depository at West Point.
(b) Period for Issuance.--The Secretary may issue coins minted
under this Act only during the period beginning on January 1, 1997, and
ending on December 31, 1997.

SEC. 7. 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 subsection (d) 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.
(d) Surcharges.--All sales shall include a surcharge of $3 per
coin.

SEC. 8. GENERAL WAIVER OF PROCUREMENT REGULATIONS.

(a) In General.--Except as provided in subsection (b), no provision
of law governing procurement or public contracts shall be applicable to
the procurement of goods and services necessary for carrying out the
provisions of this Act.
(b) Equal Employment Opportunity.--Subsection (a) shall not relieve
any person entering into a contract under the authority of this Act
from complying with any law relating to equal employment opportunity.

SEC. 9. DISTRIBUTION OF SURCHARGES.

(a) In General.--All surcharges received by the Secretary from the
sale of coins issued under this Act shall be promptly paid by the
Secretary as follows:
(1) An amount equal to 50 percent of the total surcharges
shall be paid to the National Park Foundation Restricted
Account for the Franklin Delano Roosevelt Memorial.
(2) An amount equal to 50 percent of the total surcharges
shall be paid to the National Park Service Restricted
Construction Account for the Franklin Delano Roosevelt
Memorial.
(b) Audits.--The Comptroller General of the United States shall
have the right to examine such books, records, documents, and other
data of the accounts referred to in subsection (a) as may be related to
the expenditures of amounts paid under such subsection.

SEC. 10. FINANCIAL ASSURANCES.

(a) No Net Cost to the Government.--The Secretary shall 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 United States
Government.
(b) Payment for Coins.--A coin shall not be issued under this Act
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 whose deposits are
insured by the Federal Deposit Insurance Corporation or the
National Credit Union Administration Board.
A:
1997 Franklin Delano Roosevelt Commemorative Coin Act - Directs the Secretary of the Treasury to issue commemorative half-dollar silver coins whose obverse side shall bear a likeness of Franklin Delano Roosevelt, and whose reverse side shall be emblematic of the Franklin Delano Roosevelt Memorial in Washington, D.C.
Mandates that the design for the coins shall be: (1) selected by the Secretary after consultation with the Franklin Delano Roosevelt Memorial Commission and the Commission of Fine Arts; and (2) reviewed by the Citizens Commemorative Coin Advisory Committee.
Declares that: (1) the coins shall be struck at the U.S. Bullion Depository at West Point; and (2) may be issued only from January 1, 1997, to December 31, 1997.
Requires the Secretary to distribute proceeds from surcharges in equal allocations to: (1) the National Park Foundation Restricted Account for the Franklin Delano Roosevelt Memorial; and (2) the National Park Service Restricted Construction Account for the Franklin Delano Roosevelt Memorial.