H.R. 3549

National September 11 Memorial & Museum Commemorative Coin Act of 2009

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I

111th CONGRESS

1st Session

H. R. 3549

IN THE HOUSE OF REPRESENTATIVES

September 10, 2009

Mr. Nadler of New York (for himself, Ms. Clarke, Mr. Higgins, Mr. McMahon, Mr. Crowley, Mr. Engel, Mrs. Maloney, Mr. Bishop of New York, Mr. Maffei, Mrs. McCarthy of New York, Mr. Hall of New York, Mr. Meeks of New York, Mr. Hinchey, Mr. Rangel, Mr. Serrano, Ms. Slaughter, Mr. Towns, Mrs. Lowey, Ms. Velázquez, Mr. King of New York, Mr. Lee of New York, Mr. Tonko, Mr. Ackerman, Mr. Israel, Mr. Massa, Mr. Perriello, Mr. Altmire, Mr. Thompson of Pennsylvania, Mr. Pierluisi, Ms. Bordallo, Mr. Patrick J. Murphy of Pennsylvania, Ms. Richardson, Ms. Schwartz, Mr. Doyle, Mr. Moran of Virginia, Ms. Ros-Lehtinen, Mr. Sestak, Ms. Pingree of Maine, Mr. Himes, Mr. Connolly of Virginia, Mr. Meek of Florida, Ms. Loretta Sanchez of California, Ms. DeLauro, Mr. Shuster, Mr. Castle, Ms. Matsui, Mr. Arcuri, Mr. Weiner, Mr. McHugh, and Mr. Murphy of New York) 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 the 10th anniversary of the September 11, 2001, terrorist attacks on the United States and the establishment of the National September 11 Memorial & Museum at the World Trade Center.

1.

Short title

This Act may be cited as the National September 11 Memorial & Museum Commemorative Coin Act of 2009.

2.

Coin specifications

(a)

$1 silver coins

The Secretary of the Treasury (hereinafter in this Act referred to as the Secretary) shall mint and issue not more than 2,000,000 $1 coins in commemoration of the 10th anniversary of the September 11, 2001, terrorist attacks on the United States and the establishment of the National September 11 Memorial & Museum at the World Trade Center, 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.

(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.

3.

Design of coins

(a)

Design requirements

(1)

In general

The design of the coins minted under this Act shall be emblematic of the courage, sacrifice, and strength of those individuals who perished in the terrorist attacks of September 11, 2001, the bravery of those who risked their lives to save others that day, and the endurance, resilience, and hope of those who survived.

(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 2011;

(C)

inscriptions of the words Liberty, In God We Trust, United States of America, and E Pluribus Unum; and

(D)

an inscription of the words Always Remember.

(b)

Selection

The design for the coins minted under this Act shall be—

(1)

selected by the Secretary, after consultation with the National September 11 Memorial & Museum at the World Trade Center 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

(1)

In general

Only 2 facilities of the United States Mint may be used to strike coins minted under this Act.

(2)

Use of the United States Mints at West Point, New York, and Philadelphia, Pennsylvania

It is the sense of Congress that, to the extent possible, approximately one-half of the coins to be minted under this Act should be struck at the United States Mint at West Point, New York, and approximately one-half struck at the United States Mint at Philadelphia, Pennsylvania.

(3)

Period of issuance

The Secretary may issue coins under this Act only during the calendar year beginning on January 1, 2011.

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 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) of title 31, United States Code, all surcharges received by the Secretary from the sale of coins issued under this Act shall be paid to the National September 11 Memorial & Museum at the World Trade Center to support the operations and maintenance of the National September 11 Memorial & Museum at the World Trade Center following its completion.

(c)

Audits

The Comptroller General of the United States shall have the right to examine such books, records, documents, and other data of the National September 11 Memorial & Museum at the World Trade Center as may be related to the expenditures of amounts paid under subsection (b).