H. R. 3229
IN THE HOUSE OF REPRESENTATIVES
July 30, 2007
Mr. Westmoreland (for himself and Mr. Bishop of Georgia) introduced the following bill; which was referred to the Committee on Financial Services
To require the Secretary of the Treasury to mint coins in commemoration of the legacy of the United States Army Infantry and the establishment of the National Infantry Museum and Soldier Center.
This Act may be cited as the
Infantry Museum and Soldier Center Commemorative Coin Act.
$1 Silver Coins
The Secretary of the
Treasury (hereafter in this Act referred to as the
shall mint and issue not more than 350,000 $1 coins in commemoration of the
legacy of the United State Army Infantry and the establishment of the National
Infantry Museum and Soldier Center, each of which shall—
weigh 26.73 grams;
have a diameter of 1.500 inches; and
contain 90 percent silver and 10 percent copper.
The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code.
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.
Design of coins
The design of the coins minted under this Act shall be emblematic of the courage, pride, sacrifice, sense of duty, and history of the United States Infantry.
Designation and inscriptions
On each coin minted under this Act, there shall be—
a designation of the value of the coin;
an inscription of
In God We Trust,
States of America, and
E Pluribus Unum.
The design for the coins minted under this Act shall be—
selected by the Secretary, after consultation with the National Infantry Foundation and the Commission of Fine Arts; and
reviewed by the Citizens Coinage Advisory Committee.
Issuance of coins
Quality of Coins
Coins minted under this Act shall be issued in uncirculated and proof qualities.
Only 1 facility of the United States Mint may be used to strike any particular quality of the coins minted under this Act.
Use of the united states mint at west point, new york
It is the sense of the Congress that the coins minted under this Act should be struck at the United States Mint at West Point, New York, to the greatest extent possible.
Period for Issuance
The Secretary may issue coins under this Act only during the calendar year beginning on January 1, 2012.
Sale of coins
The coins issued under this Act shall be sold by the Secretary at a price equal to the sum of—
the face value of the coins;
the surcharge provided in section 6 with respect to such coins; and
the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping).
The Secretary shall make bulk sales of the coins issued under this Act at a reasonable discount.
The Secretary shall accept prepaid orders for the coins minted under this Act before the issuance of such coins.
Sale prices with respect to prepaid orders under paragraph (1) shall be at a reasonable discount.
All sales of coins issued under this Act shall include a surcharge of $10 per coin.
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 Infantry Foundation for the purpose of establishing an endowment to support the maintenance of the National Infantry Museum and Soldier Center following its completion.
The Comptroller General of the United States shall have the right to examine such books, records, documents, and other data of the National Infantry Foundation as may be related to the expenditures of amounts paid under subsection (b).