H.R. 1433House109th Congress (2005-2007)In Committee

Thurgood Marshall Commemorative Coin Act

To require the Secretary of the Treasury to mint coins in commemoration of Associate Justice Thurgood Marshall.

Introduced March 17, 2005

Legislative Activity

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3 earlier actions
HouseIntro Referral Latest Action

Sponsor introductory remarks on measure. (CR E2056)

October 7, 2005

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HouseIntro Referral

Introduced in House

March 17, 2005

HouseIntro Referral

Referred to the House Committee on Financial Services.

March 17, 2005

HouseCommittee

Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

April 15, 2005

HouseIntro Referral

Sponsor introductory remarks on measure. (CR E2056)

October 7, 2005

Floor Debate

1 member

What members said about H.R. 1433 on the floor

1 Democrat
Charles B. Rangel
Rep. Charles B. RangelD-NY-15 · Oct 7, 2005

Mr. Speaker, I rise today to ask Congress to please join me in cosponsoring H.R. 1433, the Thurgood Marshall Commemorative Coin Act to commemorate the life and legacy of the Honorable Thurgood…

Bill Text

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Introduced in HouseIssued March 17, 2005

I

109th CONGRESS

1st Session

H. R. 1433

IN THE HOUSE OF REPRESENTATIVES

March 17, 2005

Mr. Rangel introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To require the Secretary of the Treasury to mint coins in commemoration of Associate Justice Thurgood Marshall.

1.

Short title

This Act may be cited as the Thurgood Marshall Commemorative Coin Act.

2.

Coin specifications

(a)

$1 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 $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.

(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.

3.

Design of coins

(a)

Design requirements

(1)

In general

The design of the coins minted under this Act shall be emblematic of the tenure of Associate Justice Thurgood Marshall on the Supreme Court of the United States.

(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 in which the coin is first issued; 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 Supreme Court Historical Society, the family of the late Thurgood Marshall, and the Commission of Fine Arts; and

(2)

reviewed by the Citizens Coinage Advisory Committee.

4.

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 90 days after the enactment of this Act.

5.

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 6(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.

6.

Surcharges

(a)

In general

All sales of coins issued under this Act shall include a surcharge of $10 per coin.

(b)

Distribution

Subject to section 5134(f)(1), 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 Historical Preservation Committee of the Supreme Court Historical Society for the purpose of collecting and preserving the physical history of the Supreme Court, including—

(1)

research on the history of the entire judicial branch of the Federal Government;

(2)

the acquisition of objects and documents relating to the events associated with the Supreme Court of the United States in the course of the Court’s history; and

(3)

the acquisition and preservation of documents, portraits, and period furnishings of historical significance affecting the history of the Supreme Court for the inspiration and benefit of the people of the United States.

(c)

Audits

The Comptroller General of the United States shall have the right to examine such books, records, documents, and other data of the Supreme Court Historical Society as may be related to the expenditures of amounts paid under subsection (b).