S. 976Senate108th Congress (2003-2005)In Committee

Jamestown 400th Anniversary Commemorative Coin Act of 2003

Introduced May 1, 2003

Legislative Activity

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Placed on Senate Legislative Calendar under General Orders. Calendar No. 633.

July 14, 2004

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SenateIntro Referral

Introduced in Senate

May 1, 2003

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S5667)

May 1, 2003

SenateIntro Referral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5667-5668)

May 1, 2003

SenateCommittee

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

June 17, 2004

SenateCommittee

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

July 14, 2004

SenateCalendars

Placed on Senate Legislative Calendar under General Orders. Calendar No. 633.

July 14, 2004

Floor Debate

21 members

What members said about S. 976 on the floor

11 Republicans10 Democrats
Arlen Specter
Sen. Arlen SpecterR-PA · May 1, 2003

Mr. President, I have sought recognition to join Senator Tom Harkin, my colleague and distinguished ranking member of the Appropriations Subcommittee on Labor, Health and Human Services and…

Russell D. Feingold
Sen. Russell D. FeingoldD-WI · Jul 14, 2004

Mr. President, I supported passage of this year's defense authorization bill because it contains many provisions that our brave men and women in uniform need and deserve. But before I go into the…

Edward M. Kennedy
Sen. Edward M. KennedyD-MA · May 1, 2003

Mr. President, it's a privilege to join my colleagues in introducing this legislation to combat hate crimes. Hate crimes are a violation of all our country stands for. They send the poisonous message…

Frank R. Lautenberg
Sen. Frank R. LautenbergD-NJ · May 1, 2003

Mr. President, I rise to introduce a critical piece of legislation, the Homeland Security Gun Safety Act. In the aftermath of the tragic events of 9-11, the Federal Government has reassessed the…

Max Baucus
Sen. Max BaucusD-MT · May 1, 2003

Mr. President, I am introducing a bill today that I hope will take us one step closer to achieving permanent protections for Montana's magnificent Rocky Mountain Front. The Front, as we call it back…

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Tom Harkin
Sen. Tom HarkinD-IA · May 1, 2003

Mr. President, today Senator Specter and I and others introduce the Medicaid Community-Based Attendant Services and Supports Act of 2003, MICASSA. This legislation is needed to truly bring people…

Dianne Feinstein
Sen. Dianne FeinsteinD-CA · May 1, 2003

Mr. President, I rise in support of legislation introduced by Senators Boxer and Ensign to improve disclosure of stock option grants in company financial statements while, at the same time, delaying…

Jon Kyl
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…

Jeff Sessions
Sen. Jeff SessionsR-AL · May 1, 2003

Mr. President, I rise today to introduce legislation which will simplify and update a provision of the tax code that affects the sale of timber. It is both a simplification measure and a fairness…

Lincoln Chafee
Sen. Lincoln ChafeeR-RI · May 1, 2003

Mr. President, I am pleased to be joined today by Senator Harry Reid and others in introducing the Breast Cancer and Environmental Research Act of 2003. This bill would establish research centers…

John Warner
Sen. John WarnerR-VA · May 1, 2003

Mr. President, I rise today to introduce legislation, along with my colleague, Senator Allen, to mint a commemorative coin celebrating the 400th anniversary of the founding of Jamestown, VA in 2007.…

John Warner
Sen. John WarnerR-VA · May 1, 2003

Mr. President, I rise today to introduce legislation, along with my colleague, Senator Allen, to mint a commemorative coin celebrating the 400th anniversary of the founding of Jamestown, VA in 2007.…

Peter Fitzgerald
Sen. Peter FitzgeraldR-IL · May 1, 2003

Mr. President, I rise today to introduce the Children's Deformities Act of 2003, which will require insurance companies to cover corrective surgeries for children with congenital or developmental…

Show 9 more
Barbara Boxer
Sen. Barbara BoxerD-CA · May 1, 2003

Mr. President, today I am introducing legislation is to ensure that American taxpayers and American businesses are protected when the Federal Government procures property or services. The purpose of…

Christopher J. Dodd
Sen. Christopher J. DoddD-CT · May 1, 2003

Mr. President, I rise today to introduce legislation that is important to America's Federal law enforcement officers and the people they protect across the country. I am joined today by Senator…

John Ensign
Sen. John EnsignR-NV · May 1, 2003

Mr. President, I rise today, along with my good friend, the junior Senator from California, to introduce legislation on an issue that could have a significant impact on the economy. The financial…

Harry Reid
Sen. Harry ReidD-NV · May 1, 2003

Mr. President, I am pleased to join Senator Chafee in reintroducing the Breast Cancer and Environmental Research Act. Senator Chafee and I serve together on the Environment and Public Works Committee…

Don Nickles
Sen. Don NicklesR-OK · May 1, 2003

Mr. President, I rise today to introduce legislation to provide that restaurant buildings are depreciated over 15 years instead of the current-law 39 years. My legislation will ensure that the tax…

Ernest F. Hollings
Sen. Ernest F. HollingsD-SC · May 1, 2003

Mr. President, March marked the 32nd consecutive month, since July 2000), that manufacturing employment has declined in the United States. This is the longest consecutive monthly decline in the post…

Norm Coleman
Sen. Norm ColemanR-MN · May 1, 2003

Mr. President, I ask unanimous consent that the bill I introduce today to clarify the authority of States to establish conditions for insurers to conduct the business of insurance within a State…

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

Mr. President, I ask unanimous consent that the Congressional Budget Office cost estimate for S. 976, the Jamestown 400th Anniversary Commemorative Coin Act, be printed in the Record.

Lindsey Graham
Sen. Lindsey GrahamR-SC · May 1, 2003

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

2 versions available

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Latest
Reported to SenateIssued July 14, 2004
        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 976 Reported in Senate (RS)]

Calendar No. 633
108th CONGRESS
2d Session
S. 976

To provide for the issuance of a coin to commemorate the 400th
anniversary of the Jamestown settlement.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

May 1, 2003

Mr. Warner (for himself, Mrs. Clinton, Mrs. Feinstein, Mrs. Dole, Mrs.
Hutchison, Mr. Levin, Mr. Leahy, Ms. Landrieu, Mr. Lautenberg, Mr.
Jeffords, Mr. Johnson, Mr. Schumer, Mr. Hatch, Mr. Campbell, Mr.
Nickles, Mr. Domenici, Mr. Bunning, Mr. Enzi, Mr. Kerry, Mr. Sununu,
Mr. Allard, Mr. Chafee, Mr. Chambliss, Mr. Graham of South Carolina,
Mr. Sessions, Mr. Bayh, Mr. Fitzgerald, Mr. Lugar, Mr. Breaux, Mr.
Coleman, Mr. Santorum, Mr. Dodd, Mr. Wyden, Mr. Nelson of Florida, Ms.
Murkowski, Mr. Carper, Mr. Kennedy, Mr. Inhofe, Mr. Durbin, Mr. Pryor,
Mr. Miller, Ms. Collins, Mr. Specter, Mr. Cornyn, Mr. Biden, Mr.
Ensign, Mr. Akaka, Mr. Nelson of Nebraska, Mr. Corzine, Mr. Crapo, Mrs.
Boxer, Mrs. Lincoln, Mr. Lieberman, Mr. DeWine, Mr. Smith, Mr. Bennett,
Mr. Inouye, Mr. Grassley, Mr. Stevens, Ms. Mikulski, Mr. Thomas, Mr.
Alexander, Mr. Roberts, Mr. Reid, Mr. Bond, Mr. Hagel, Mr. Dayton, Mr.
Edwards, Mr. Cochran, Ms. Snowe, Mr. Burns, and Mr. Lott) 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 provide for the issuance of a coin to commemorate the 400th
anniversary of the Jamestown settlement.

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 ``Jamestown 400th Anniversary
Commemorative Coin Act of 2003''.

SEC. 2. FINDINGS.

Congress finds that--
(1) the founding of the colony at Jamestown, Virginia in
1607, the first permanent English colony in America, and the
capital of Virginia for 92 years, has major significance in the
history of the United States;
(2) the Jamestown settlement brought people from throughout
the Atlantic Basin together to form a multicultural society,
including English, other Europeans, Native Americans, and
Africans;
(3) the economic, political, religious, and social
institutions that developed during the first 9 decades of the
existence of Jamestown continue to have profound effects on the
United States, particularly in English common law and language,
cross cultural relationships, manufacturing, and economic
structure and status;
(4) the National Park Service, the Association for the
Preservation of Virginia Antiquities, and the Jamestown-
Yorktown Foundation of the Commonwealth of Virginia
collectively own and operate significant resources related to
the early history of Jamestown;
(5) in 2000, Congress established the Jamestown 400th
Commemoration Commission to ensure a suitable national
observance of the Jamestown 2007 anniversary and to support and
facilitate marketing efforts for a commemorative coin, stamp,
and related activities for the Jamestown 2007 observances;
(6) a commemorative coin will bring national and
international attention to the lasting legacy of Jamestown,
Virginia; and
(7) the proceeds from a surcharge on the sale of such
commemorative coin will assist the financing of a suitable
national observance in 2007 of the 400th anniversary of the
founding of Jamestown, Virginia.

SEC. 3. COIN SPECIFICATIONS.

(a) $5 Gold Coins.--The Secretary of the Treasury (in this Act
referred to as the ``Secretary'') shall issue not more than 100,000 $5
coins, which shall--
(1) weigh 8.359 grams;
(2) have a diameter of 0.850 inches; and
(3) contain 90 percent gold and 10 percent alloy.
(b) $1 Silver Coins.--The Secretary shall issue not more than
500,000 $1 coins, 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.
(c) Legal Tender.--The coins minted under this Act shall be legal
tender, as provided in section 5103 of title 31, United States Code.
(d) Numismatic Items.--For purposes of section 5132(a)(1) of title
31, United States Code, all coins minted under this Act shall be
considered to be numismatic items.
(e) Sources of Bullion.--
(1) Gold.--The Secretary shall obtain gold for minting
coins under this Act pursuant to the authority of the Secretary
under section 5116 of title 31, United States Code.
(2) Silver.--The Secretary shall obtain silver for the
coins minted under this Act only from stockpiles established
under the Strategic and Critical Minerals Stock Piling Act (50
U.S.C. 98 et seq.).

SEC. 4. DESIGN OF COINS.

(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
Act shall be emblematic of the settlement of Jamestown,
Virginia, the first permanent English settlement in America.
(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 ``2007''; and
(C) inscriptions of the words ``Liberty'', ``In God
We Trust'', ``United States of America'', and ``E
Pluribus Unum''.
(b) Design Selection.--Subject to subsection (a), the design for
the coins minted under this Act shall be--
(1) selected by the Secretary after consultation with--
(A) the Jamestown 2007 Steering Committee, created
by the Jamestown-Yorktown Foundation of the
Commonwealth of Virginia;
(B) the National Park Service; and
(C) the Commission of Fine Arts; and
(2) reviewed by the Citizens Commemorative Coin 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 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 period beginning on January 1, 2007, and
ending on December 31, 2007.

SEC. 6. SALE OF COINS.

(a) Sale Price.--The coins minted 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 (c) 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) 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.
(c) Bulk Sales.--The Secretary shall make bulk sales of the coins
minted under this Act at a reasonable discount.
(d) Surcharge.--All sales of coins minted under this Act shall
include a surcharge of--
(1) $35 per coin for the $5 coin; and
(2) $10 per coin for the $1 coin.

SEC. 7. 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. 8. DISTRIBUTION OF SURCHARGES.

(a) Recipients.--
(1) In general.--All surcharges received by the Secretary
from the sale of coins minted under this Act shall be promptly
paid by the Secretary to the recipients listed under paragraphs
(2) and (3).
(2) Jamestown-yorktown foundation.--The Secretary shall
distribute 50 percent of the surcharges described under
paragraph (1) to the Jamestown-Yorktown Foundation of the
Commonwealth of Virginia, to support programs to promote the
understanding of the legacies of Jamestown.
(3) Other recipients.--
(A) In general.--The Secretary shall distribute 50
percent of the surcharges described under paragraph (1)
to the entities specified under subparagraph (B), in
equal shares, for the purposes of--
(i) sustaining the ongoing mission of
preserving Jamestown;
(ii) enhancing the national and
international educational programs;
(iii) improving infrastructure and
archaeological research activities; and
(iv) conducting other programs to support
the commemoration of the 400th anniversary of
Jamestown.
(B) Entities specified.--Entities specified under
this subparagraph are--
(i) the Secretary of the Department of the
Interior;
(ii) the President of the Association for
the Preservation of Virginia Antiquities; and
(iii) the Chairman of the Jamestown
Yorktown Foundation.
(b) Audits.--The Comptroller General of the United States shall
have the right to examine such books, records, documents, and other
data of the entities specified in subsection (a), as may be related to
the expenditure of amounts distributed 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. 633

108th CONGRESS

2d Session

S. 976

_______________________________________________________________________

A BILL

To provide for the issuance of a coin to commemorate the 400th
anniversary of the Jamestown settlement.

_______________________________________________________________________

July 14, 2004

Reported without amendment