S. 894Senate108th Congress (2003-2005)In Committee

Marine Corps 230th Anniversary Commemorative Coin Act

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Placed on Senate Legislative Calendar under General Orders. Calendar No. 632.

July 14, 2004

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SenateIntro Referral

Introduced in Senate

April 11, 2003

SenateIntro Referral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

April 11, 2003

SenateCommittee

Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.

Banking, Housing, and Urban Affairs Committee

June 17, 2004

SenateCommittee

Committee on Banking, Housing, and Urban Affairs. Reported by Senator Shelby without amendment. Without written report.

Banking, Housing, and Urban Affairs Committee

July 14, 2004

SenateCalendars

Placed on Senate Legislative Calendar under General Orders. Calendar No. 632.

July 14, 2004

Floor Debate

2 members

What members said about S. 894 on the floor

2 Republicans

Sen. Jon KylR-AZ · Jun 17, 2004

Mr. President, I ask unanimous consent that the Committee on Banking, Housing, and Urban Affairs be authorized to meet during the session of the Senate on Thursday, June 17, 2004, at 10 a.m. to…

Mr. President, I ask unanimous consent that the Committee on Banking, Housing, and Urban Affairs be authorized to meet during the session of the Senate on Thursday, June 17, 2004, at 10 a.m. to conduct a hearing on ``An Overview of the Regulation of the Bond Markets.''

Concurrent with the hearing, the Committee intends to vote on the nomination of the Honorable Alan Greenspan to be Chairman of the Board of Governors of the Federal Reserve System; on S. 894, ``The Marine Corps 230th Anniversary Commemorative Coin Act''; and S. 976, ``The Jamestown 400th Anniversary Commemorative Coin Act of 2003.''

Mr. President, I ask unanimous consent that the Committee on Commerce, Science, and Transportation be authorized to meet on June 17, 2004, at 9:30 a.m. on Enhancing Border Security.

Mr. President, I ask unanimous consent that the Committee on Energy and Natural Resources be authorized to meet during the session of the Senate on Thursday, June 17, at 10 a.m. to receive testimony regarding the Environmental Management Program of the Department of Energy and Issues associated with accelerated cleanup.

Mr. President, I ask unanimous consent that the Committee on Foreign Relations be authorized to meet during the session of the Senate on Thursday, June 17, 2004, at 9:30 a.m. to hold a hearing on Law Enforcement Treaties.

Mr. President, I ask unanimous consent that the Committee on Foreign Relations be authorized to meet during the session of the Senate on Thursday, June 17, 2004, at 2 p.m. to hold a hearing on Nominations.

Mr. President, I ask unanimous consent that the Committee on Foreign Relations be authorized to meet during the session of the Senate on Thursday, June 17, 2004, at 3 p.m. to hold a hearing on Nominations.

Mr. President, I ask unanimous consent that the Committee on the Judiciary be authorized to meet to conduct a markup on Thursday, June 17, 2004, at 9:30 a.m. in Dirksen Senate Building Room 226.

Agenda

I. Nominations: Henry W. Saad, to be U.S. Circuit Judge for the Sixth Circuit; and Claude A. Allen to be U.S. Circuit Judge for the Fourth Circuit.

II. Legislation: S. 1735, Gang Prevention and Effective Deterrence Act of 2003 Hatch, Feinstein, Grassley, Graham, Chambliss, Cornyn, Schumer, Biden; S. 1635, L-1 Visa Intracompany Transferee, Reform Act of 2003 Chambliss; S. 2013, Satellite Home Viewer Extension Act of 2004 Hatch, Leahy, DeWine, Kohl; S.J. Res. 4, Proposing an amendment to the Constitution of the United States authorizing Congress to prohibit the physical desecration of the flag of the United States Act of 2003 Hatch, Feinstein, Craig, Sessions, DeWine, Grassley Graham, Cornyn, Specter, Chambliss; S. 1700, Advancing Justice through DNA Technology Act of 2003 Hatch, Biden, Specter, Leahy, DeWine, Feinstein, Kennedy, Schumer, Durbin and Kohl; S. Res. 322, A resolution designating August 16, 2004, as ``National Airborne Day'' of 2004 Hagel, Durbin, Graham, Hatch; S. Res. 370, A resolution designating September 7, 2004, as ``National Attention Deficit Disorder Awareness Day'' of 2004 Cantwell; and S. 2396, Federal Courts Improvement Act of 2004 Hatch, Leahy, Chambliss, Durbin, Schumer, Clinton

Mr. President, I ask unanimous consent that the Permanent Subcommittee on Investigations of the Committee on Governmental Affairs be authorized to meet on Thursday, June 17, 2004, at 9 a.m., for a hearing entitled ``Buyer Beware: The Danger of Purchasing Pharmaceuticals Over the Internet.''

Mr. President, I ask unanimous consent that the Select Committee on Intelligence be authorized to meet during the session of the Senate on June 17, 2004, at 2:30 p.m. to hold a closed hearing on Intelligence Matters.

Mr. President, I ask unanimous consent that the Subcommittee on Science, Technology and Space be authorized to meet on Thursday, June 17, 2004, at 2:30 p.m. on the Final Report on the President's Commission on Implementation of U.S. Space Exploration Policy.

Mr. President, I ask unanimous consent that the Subcommittee on Water and Power of the Committee on Energy and Natural Resources be authorized to meet during the session of the Senate on Thursday, June 17, at 2:30 p.m.

The purpose of the hearing is to receive testimony on S. 2513, a bill to authorize the Secretary of the Interior to provide financial assistance to the Eastern New Mexico Rural Water Authority for the planning, design, and construction of the Eastern New Mexico rural water system, and for other purposes; S. 2511, a bill to direct the Secretary of the Interior to conduct a feasibility study of a Chimayo water supply system, to provide for the planning, design, and construction of a water supply, reclamation, and filtration facility for Espanola, NM, and for other purposes; S. 2508, a bill to redesignate the Ridges Basin Reservoir, CO, as Lake Nighthorse; S. 2460, a bill to provide assistance to the State of New Mexico for the development of comprehensive state water plans, and for other purposes; and S. 1211, a bill to further the purposes of Title XVI of the Reclamation Projects Authorization and Adjustment Act of 1992, the ``Reclamation Wastewater and Groundwater Study and Facilities Act'', by directing the Secretary of the Interior to undertake a demonstration program for water reclamation in the Tularosa Basin of New Mexico, and for other purposes.

Sen. Richard C. ShelbyR-AL · Jul 14, 2004

Mr. President, I ask unanimous consent that the Congressional Budget Office cost estimate for S. 894, the Marine Corps 230th Anniversary Commemorative Coin Act, be printed in the Record.

Bill Text

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Reported to SenateIssued July 14, 2004

        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 894 Reported in Senate (RS)]

Calendar No. 632
108th CONGRESS
2d Session
S. 894

To require the Secretary of the Treasury to mint coins in commemoration
of the 230th Anniversary of the United States Marine Corps, and to
support construction of the Marine Corps Heritage Center.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

April 11, 2003

Mr. Warner (for himself, Mr. Allen, Mr. Burns, Mr. Corzine, Mr. Enzi,
Mr. Miller, Mr. Roberts, Mr. Thomas, Mr. Graham of South Carolina, Mrs.
Clinton, Mr. Durbin, Mr. Nelson of Nebraska, Mr. Cochran, Mr.
Chambliss, Mr. Bunning, Mr. Inhofe, Mrs. Dole, Ms. Landrieu, Mr.
Inouye, Mr. Kennedy, Mrs. Feinstein, Mr. Breaux, Mr. Bingaman, Mr.
Lott, Mr. Levin, Mr. Hagel, Mr. Brownback, Mr. DeWine, Mr. Pryor, Mr.
Smith, Mr. Bayh, Mr. Hatch, Mr. Specter, Mr. Dayton, Mr. Daschle, Ms.
Collins, Mr. Lieberman, Mr. Ensign, Mr. Campbell, Mr. Biden, Mr.
Cornyn, Mrs. Boxer, Mr. McCain, Mr. Reed, Mr. Grassley, Ms. Mikulski,
Mr. Voinovich, Ms. Snowe, Mr. Kerry, Mr. Alexander, Mr. Allard, Mr.
Chafee, Mr. Coleman, Mr. Craig, Mr. Crapo, Mr. Domenici, Mr. Dodd, Mr.
Gregg, Mrs. Lincoln, Mr. McConnell, Mr. Bennett, Mr. Bond, Mr. Byrd,
Mr. Dorgan, Mr. Graham of Florida, Mr. Reid, Mr. Wyden, and Mrs.
Murray) introduced the following bill; which was read twice and
referred to the Committee on Banking, Housing, and Urban Affairs

July 14, 2004

Reported by Mr. Shelby, without amendment

_______________________________________________________________________

A BILL

To require the Secretary of the Treasury to mint coins in commemoration
of the 230th Anniversary of the United States Marine Corps, and to
support construction of the Marine Corps Heritage Center.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Marine Corps 230th Anniversary
Commemorative Coin Act''.

SEC. 2. FINDINGS.

Congress finds that--
(1) November 10, 2005, marks the 230th anniversary of the
United States Marine Corps;
(2) the United States Marine Corps has, over the course of
its illustrious 230-year history, fought gallantly in defense
of the United States;
(3) the United States Marine Corps has, over the course of
its storied history, established itself as the Nation's
military leader in amphibious warfare, and will continue in
that role as the United States faces the challenges of the 21st
Century;
(4) the United States Marine Corps continues to exemplify
the warrior ethos that has made it a fighting force of
international repute;
(5) all Americans should commemorate the legacy of the
United States Marine Corps so that the values embodied in the
``Corps'' are recognized for the significant contribution they
have made in protecting the United States against its enemies;
(6) in 2001, Congress authorized the construction of the
Marine Corps Heritage Center, the purpose of which is to
provide a multipurpose facility to be used for historical
displays for the public viewing, curation, and storage of
artifacts, research facilities, classrooms, offices, and
associated activities, consistent with the mission of the
Marine Corps;
(7) the Marine Corps Heritage Center is scheduled to open
on November 10, 2005;
(8) the United States should pay tribute to the 230th
anniversary of the United States Marine Corps by minting and
issuing a commemorative silver dollar coin; and
(9) the surcharge proceeds from the sale of a commemorative
coin, which would have no net costs to the taxpayers, would
raise valuable funding for the construction of the Marine Corps
Heritage Center.

SEC. 3. COIN SPECIFICATIONS.

(a) $1 Silver Coins.--The Secretary of the Treasury (in this Act
referred to as the ``Secretary'') shall mint and issue not more than
500,000 $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.

SEC. 4. SOURCES OF BULLION.

The Secretary shall obtain silver for minting coins under this Act
from all available sources, including stockpiles established under the
Strategic and Critical Materials Stock Piling Act.

SEC. 5. DESIGN OF COINS.

(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
Act shall be emblematic of the warrior ethos of the United
States Marine Corps.
(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 ``2005''; 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
Marine Corps Historical Division and the Commission of Fine
Arts; and
(2) reviewed by the Citizens Commemorative Coin Advisory
Committee.

SEC. 6. 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 the 1-year period beginning on January 1,
2005.

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 (b) 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) Surcharges.--All sales of coins issued under this Act shall
include a surcharge of $10 per coin.
(c) Bulk Sales.--The Secretary shall make bulk sales of coins
issued under this Act at a reasonable discount.
(d) Prepaid Orders.--
(1) In general.--The Secretary shall accept prepaid orders
for coins minted under this Act before the issuance of such
coins.
(2) Discount.--Sale prices with respect to prepaid orders
under paragraph (1) should be at a reasonable discount.

SEC. 8. DISTRIBUTION OF SURCHARGES.

(a) 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 Marine Corps Heritage Foundation for the purposes of construction
of the Marine Corps Heritage Center, as authorized by section 1 of
Public Law 106-398 (114 Stat. 1654).
(b) Audit.--The Marine Corps Heritage Foundation 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 (a).

SEC. 9. 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, the deposits of which
are insured by the Federal Deposit Insurance Corporation or the
National Credit Union Administration.

Calendar No. 632

108th CONGRESS

2d Session

S. 894

_______________________________________________________________________

A BILL

To require the Secretary of the Treasury to mint coins in commemoration
of the 230th Anniversary of the United States Marine Corps, and to
support construction of the Marine Corps Heritage Center.

_______________________________________________________________________

July 14, 2004

Reported without amendment