S. 2042

National Purple Heart Hall of Honor Commemorative Coin Act

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II

116th CONGRESS

1st Session

S. 2042

IN THE SENATE OF THE UNITED STATES

June 27, 2019

Mr. Schumer (for himself, Ms. Duckworth, Mrs. Gillibrand, and Ms. Klobuchar) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To require the Secretary of the Treasury to mint coins in commemoration of the National Purple Heart Hall of Honor.

1.

Short title

This Act may be cited as the National Purple Heart Hall of Honor Commemorative Coin Act.

2.

Findings

The Congress finds the following:

(1)

The mission of the National Purple Heart Hall of Honor is—

(A)

to commemorate the extraordinary sacrifice of servicemembers of the United States who were killed or wounded by enemy action; and

(B)

to collect and preserve the stories of Purple Heart recipients from all branches of service and across generations to ensure that all recipients are represented.

(2)

The National Purple Heart Hall of Honor first opened its doors on November 10, 2006, in New Windsor, New York.

(3)

The National Purple Heart Hall of Honor is colocated with the New Windsor Cantonment State Historic Site.

(4)

The National Purple Heart Hall of Honor is the first to recognize the estimated 1,800,000 servicemembers of the United States wounded or killed in action representing recipients from the Civil War to the present day, serving as a living memorial to their sacrifice by sharing their stories through interviews, exhibits, and the Roll of Honor, an interactive computer database of each recipient enrolled.

3.

Coin specifications

(a)

Denominations

The Secretary of the Treasury (hereafter 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 400,000 $1 coins, which shall—

(A)

weigh 26.73 grams;

(B)

have a diameter of 1.500 inches; and

(C)

contain not less than 90 percent silver.

(3)

Half-dollar clad coins

Not more than 750,000 half-dollar coins which shall—

(A)

weigh 11.34 grams;

(B)

have a diameter of 1.205 inches; and

(C)

be minted to the specifications for half-dollar coins contained in section 5112(b) of title 31, United States Code.

(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.

4.

Design of coins

(a)

Design Requirements

(1)

In general

The design of the coins minted under this Act shall be emblematic of the mission of the National Purple Heart Hall of Honor.

(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 2021; 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 Commission of Fine Arts and the National Purple Heart Hall of Honor, Inc.; and

(2)

reviewed by the Citizens Coinage Advisory Committee.

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 the West Point 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, 2021.

6.

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 7(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.

7.

Surcharges

(a)

In general

All sales of coins issued under this Act shall include a surcharge of—

(1)

$35 per coin for the $5 coin;

(2)

$10 per coin for the $1 coin; and

(3)

$5 per coin for the half-dollar coin.

(b)

Distribution

Subject to section 5134(f)(1) 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 National Purple Heart Hall of Honor, Inc. to support the mission of the National Purple Heart Hall of Honor, Inc., including capital improvements to the National Purple Heart Hall of Honor facilities.

(c)

Audits

The National Purple Heart Hall of Honor, Inc. 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 (b).

(d)

Limitation

Notwithstanding subsection (a), no surcharge may be included with respect to the issuance under this Act of any coin during a calendar year if, as of the time of such issuance, the issuance of such coin would result in the number of commemorative coin programs issued during such year to exceed the annual 2 commemorative coin program issuance limitation under section 5112(m)(1) of title 31, United States Code (as in effect on the date of the enactment of this Act). The Secretary of the Treasury may issue guidance to carry out this subsection.