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 ''Theodore Roosevelt Commemorative
Coin Act''.

SEC. 2. FINDINGS.

The Congress finds the following:
(1) Theodore Roosevelt, one of America's greatest
presidents, was born on October 27, 1858, in New York City, New
York.
(2) At the young age of 23, Theodore Roosevelt was elected
to the first of 3 terms as a representative in the New York
State Assembly (1882-1884).
(3) From 1895-1897, Theodore Roosevelt served as
Commissioner of the New York City Police Department.
(4) While serving as Assistant Secretary of the Navy under
President William McKinley (1897-1898), Theodore Roosevelt
organized the First United States Volunteer Cavalry Regiment,
popularly known as the ''Rough Riders'', and then served as
Colonel of this regiment during the Spanish-American War.
(5) From 1898-1900, Theodore Roosevelt served as Governor
of New York.
(6) In 1900, with the election of President McKinley,
Theodore Roosevelt was elected as the 25th Vice-President of
the United States.
(7) Becoming the 26th President of the United States the
following year, Theodore Roosevelt took a very active role in
foreign affairs, establishing the United States as a new world
power, and instituted broad reforms, at home, particularly with
respect to labor, monopolies, and conservation, until the end
of his presidency in 1909.
(8) On January 16, 2001, Theodore Roosevelt was
posthumously awarded the Congressional Medal of Honor for
leading a charge up the San Juan Heights in Cuba during the
Spanish-American War, shortly before the war ended, thereby
becoming the first President of the United States to be awarded
the Congressional Medal of Honor.
(9) 2006 will mark the 100th anniversary of Theodore
Roosevelt receiving the Nobel Peace Prize, the first citizen of
the United States to receive such prize, for drawing up the
1905 peace treaty ending the Russo-Japanese War.

SEC. 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 50,000 $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, each
of which shall--
(A) weigh 26.73 grams;
(B) have a diameter of 1.500 inches; and
(C) 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 5136 of title 31,
United States Code, all coins minted under this Act shall be considered
to be numismatic items.
(d) Use of the United States Mint at West Point, New York.--It is
the sense of the Congress that the coins minted under this Act should
be struck at the United States Mint at West Point, New York, to the
greatest extent possible.

SEC. 4. DESIGN OF COINS.

(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
Act shall--
(A) be emblematic of the life and legacy of
President Theodore Roosevelt; and
(B) use the designs of James Earle Fraser or
Augustus Saint-Gaudens, 2 sculptors most closely
associated with the revitalization of the United States
coinage, commonly referred to as the ''Golden Age of
American Coin Design'', that was initiated by President
Theodore Roosevelt.
(2) Obverse.--The obverse of the coins minted under this
Act shall bear the image of Theodore Roosevelt as a Rough Rider
that was used on the James Earle Fraser medal of 1920.
(3) Reverse.--The reverse of the coins minted under this
Act shall bear the eagle design, with motto, from the $20 gold
''double eagle'' coin produced between 1907 and 1933 and
designed by Augustus Saint-Gaudens.
(4) 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 ''2006''; 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 selected by the Secretary after consultation with the
Commission of Fine Arts.

SEC. 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 January 1, 2006, except that the Secretary may
initiate sales of such coins, without issuance, before such date.
(c) Termination of Minting Authority.--No coins shall be minted
under this Act after December 31, 2006.

SEC. 6. SALE OF COINS.

(a) Sale Price.--Notwithstanding any other provision of law, the
coins issued under this Act shall be sold by the Secretary at a price
equal to the face value, plus 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
issued 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.

SEC. 7. SURCHARGES.

(a) Surcharge Required.--All sales shall include a surcharge of $35
per coin for the $5 coins and $10 per coin for the $1 coins.
(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 issued under this Act shall be promptly paid by the
Secretary to the Theodore Roosevelt Association to be used exclusively
for educational programs at Sagamore Hill National Historic Site,
operated by the National Park Service, including for the construction
and maintenance of a visitor's center.
(c) Audits.--The Theodore Roosevelt Association shall be subject to
the audit requirements of section 5134(f)(2) of title 31, United States
Code.
A:
Theodore Roosevelt Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue not more than 50,000 $5 coins and 500,000 $1 coins emblematic of the life and legacy of President Theodore Roosevelt. Requires the coins to be issued in 2006 to mark the 100th anniversary of Roosevelt receiving the Nobel Peace Prize. Requires surcharges from the sale of the coins to be paid to the Theodore Roosevelt Association to be used exclusively for educational programs at Sagamore Hill National Historic Site, including for construction and maintenance of a visitor's center.