H.R. 5077 (109th): Numismatic Rarities Certainty Act of 2006

Introduced:
Apr 04, 2006 (109th Congress, 2005–2006)
Sponsor:
Rep. Frank Lucas [R-OK3]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 2730 (110th) on Jun 14, 2007.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on April 4, 2006, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 04, 2006
Cosponsors
1 cosponsors (1R) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend title 31, United States Code, to provide a clear line of demarcation with regard to private ownership of any coin, medal, or numismatic item made or issued by the United States Government before January 1, 1933, that is not in the possession of the United States Government, to establish certain guidelines and requirements with respect to the inventory, preservation, public display, and disposition of certain United States coins, medals, and numismatic items that were struck or made after December 31, 1932, and for other purposes.

Summary

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Text

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Last updated Apr 04, 2006.
7 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

4/4/2006--Introduced.
Numismatic Rarities Certainty Act of 2006 - Amends federal law governing coins and currency to provide that any coin, medal, or numismatic item made or issued by the United States before January 1, 1933, that is not in the possession of the federal government as of the date of the enactment of this Act, shall not be considered to be property of the United States unless it is reacquired by the United States for value given in a sale or exchange. Requires transfer to the Secretary of the Treasury of any coins, medals, and numismatic items that were struck or made by the U.S. government after 1932, which were never issued by the U.S. government, and yet come into its possession. Prescribes guidelines for disposition of such items, including historic preservation, public display, and sales at public auction. Requires the Secretary to compile an inventory of all coins, medals, or numismatic items that are either: (1) in the possession of the U.S. government; or (2) on loan to, or were at any time presented to or retained by, any person or entity (other than in accordance with a specific requirement of federal law), regardless of when such item was struck or made.

House Republican Conference Summary

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House Democratic Caucus Summary

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