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

This Act may be cited as the ''United States Coast Guard
Commemorative Coin Act of 2017''.

SEC. 2. FINDINGS.

The Congress finds that--
(1) the United States Coast Guard was founded on August 4,
1790, as the Revenue Cutter Service under the United States
Department of the Treasury;
(2) Congress created the Coast Guard on January 28, 1915,
by merging the Revenue Cutter Service and the United States
Lifesaving Service, which was moved to the Department of
Transportation in 1967, and on February 25, 2003, became part
of the Department of Homeland Security;
(3) although the smallest of the uniformed services, today
the United States Coast Guard conducts a wide variety of
missions to protect the public, the environment, and the United
States economic and security interests in any maritime region,
including international waters and coasts, ports, and inland
waterways in the United States;
(4) every day, the United States Coast Guard plays a broad
and important role in homeland security, law enforcement,
search and rescue, marine environmental pollution response, and
the maintenance of river, intracoastal, and offshore aids to
navigation;
(5) the United States Coast Guard is the oldest seagoing
military service in the United States, staying true to their
motto, ''Semper Paratus'' or ''Always Ready'', for 225 years;
(6) the United States Coast Guard is supported by over
50,000 active duty, reserve, and civilian personnel, who in
2015 responded to 16,400 search and rescue cases saving 3,500
lives, conducted 20,775 waterborne patrols of critical maritime
infrastructure, escorted over 1,955 high-capacity passenger
vessels, conducted nearly 8,600 security boardings in and
around U.S. ports, removed $4,900,000,000 worth of illegal
drugs, interdicted 6,000 undocumented migrants attempting to
illegally enter the United States, and maintained 47,000
navigation aids that support $3,200,000,000,000 in economic
activity on the waterways of the United States;
(7) section 213 of the Coast Guard and Maritime
Transportation Act of 2004 (Public Law 108-293; 118 Stat. 1037)
stated that the ''Commandant may establish a National Coast
Guard Museum, on lands which will be federally owned and
administered by the Coast Guard, and are located in New London,
Connecticut, at, or in close proximity to, the Coast Guard
Academy'';
(8) the National Coast Guard Museum Association, a
nonprofit association dedicated to improve public understanding
of the history, service and missions of the Coast Guard, is
working with the United States Coast Guard, the City of New
London, the State of Connecticut, and a range of local,
regional, and national stakeholders to develop, plan and raise
capital for the National Coast Guard Museum, to be located in
New London, Connecticut; and
(9) the United States Coast Guard is the only military
service without a national museum through which to share its
history and legacy with the American public.

SEC. 3. COIN SPECIFICATIONS.

(a) Denominations.--The Secretary of the Treasury (hereafter 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 0.850 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 at least 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, contained 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.

SEC. 4. DESIGN OF COIN.

(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
Act shall be emblematic of the traditions, history, and
heritage of the United States Coast Guard, and the role of the
United States Coast Guard in securing the United States since
1790.
(2) Designations 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''; and
(C) inscriptions of the words ''Liberty'', ''In God
We Trust'', ''United States of America'', ''E Pluribus
Unum'', and ''Semper Paratus''.
(b) Selection.--The design for the coins minted under this Act
shall--
(1) contain motifs that specifically honor the United
States Coastguardsman of both today and yesterday, in wartime
and in peace, such designs to be consistent with the traditions
and heritage of the United States Coast Guard, the mission and
goals of the National Coast Guard Museum, and the missions and
goals of the National Coast Guard Museum Association;
(2) be selected by the Secretary, after consultation with
the Secretary of Homeland Security, the National Coast Guard
Museum Association, and the Commission of Fine Arts; and
(3) be reviewed by the Citizens Coinage Advisory Committee.

SEC. 5. ISSUANCE OF COINS.

(a) Quality of Coins.--Coins minted under this Act shall be issued
in uncirculated and proof qualities.
(b) Mint Facilities.--For each of the 3 coins minted under this
Act, at least 1 facility of the United States Mint shall be used to
strike proof quality coins, while at least 1 other such facility shall
be used to strike the uncirculated quality coins.
(c) Period for Issuance.--The Secretary may issue coins minted
under this Act only during the 1-year period beginning on January 1,
2020.

SEC. 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.

SEC. 7. SURCHARGES.

(a) In General.--All sales of coins minted 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 issued under this Act shall be promptly paid by the Secretary to
the National Coast Guard Museum Association to help finance the design,
construction, operations, and maintenance of the National Coast Guard
Museum.
(c) Audits.--The National Coast Guard Museum Association shall be
subject to the audit requirements of section 5134(f)(2) of title 31,
United States Code, with regard to the amounts received under
subsection (b).
(d) Limitation.--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 the time of such 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. The Secretary may issue guidance to carry out this
subsection.

SEC. 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, shall be
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.
A:
United States Coast Guard Commemorative Coin Act of 2017 This bill directs the Department of the Treasury to mint and issue in commemoration of the U.S. Coast Guard: (1) $5 gold coins, (2) $1 silver coins, and (3) half-dollar clad coins. The design of such coins shall be emblematic of the traditions, history, and heritage of the Coast Guard and its role in securing the United States since 1790. The bill prescribes certain design requirements. The issuance of such coins is restricted to the one-year period beginning on January 1, 2020. The bill prescribes the sale price of the coins and coin surcharges. Surcharges shall be paid by Treasury to the National Coast Guard Museum Association to help finance the design, construction, operations, and maintenance of this museum. Treasury shall ensure that minting and issuing coins under this bill will not result in any net cost to the federal government.