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H.R. 1218 (113th): Commemorative Coins Reform Act of 2013


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


3/15/2013--Introduced. Commemorative Coins Reform Act of 2013 - Prohibits surcharges generated by the sale of any numismatic item or commemorative coin program from being paid to a non-federal organization, except with respect to sales and production costs.

Requires that surcharges be used to recover all numismatic operation and program costs allocable to the program under which a numismatic item is produced and sold.

Requires the transfer of any excess surcharges to the general fund of the Treasury for deficit reduction purposes.