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H.R. 5273 (106th): United States Mint Numismatic Coin Clarification Act of 2000

The text of the bill below is as of Sep 25, 2000 (Introduced).


HR 5273 IH

106th CONGRESS

2d Session

H. R. 5273

To clarify the intention of the Congress with regard to the authority of the United States Mint to produce numismatic coins, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

September 25, 2000

Mr. BACHUS (for himself, Mr. LEACH, Mr. LAFALCE, and Ms. WATERS) introduced the following bill; which was referred to the Committee on Banking and Financial Services


A BILL

To clarify the intention of the Congress with regard to the authority of the United States Mint to produce numismatic coins, and for other purposes.

    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 ‘United States Mint Numismatic Coin Clarification Act of 2000’.

SEC. 2. CLARIFICATION OF MINT’S AUTHORITY.

    (a) SILVER PROOF COINS- Section 5132(a)(2)(B)(i) of title 31, United States Code, is amended by striking ‘paragraphs (1)’ and inserting ‘paragraphs (2)’.

    (b) PLATINUM COINS- Section 5112(k) of title 31, United States Code, is amended by striking ‘bullion’ and inserting ‘platinum bullion coins’.

SEC. 3. ADDITIONAL REPORT REQUIREMENT.

    Section 5134(e)(2) of title 31, United States Code, is amended--

      (1) in the matter preceding subparagraph (A), by striking ‘reflect’ and inserting ‘contain’;

      (2) by striking ‘and’ at the end of subparagraph (C);

      (3) by striking the period at the end of subparagraph (D) and inserting ‘; and’; and

      (4) by adding at the end the following new subparagraph:

        ‘(E) a supplemental schedule detailing--

          ‘(i) the costs and expenses for the production, for the marketing, and for the distribution of each denomination of circulating coins produced by the Mint during the fiscal year and the per-unit cost of producing, of marketing, and of distributing each denomination of such coins; and

          ‘(ii) the gross revenue derived from the sales of each such denomination of coins.’.