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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
12/16/2014--Public Law. World War I American Veterans Centennial Commemorative Coin Act - Directs the Secretary of the Treasury to: (1) mint and issue $1 silver coins in commemoration of the centennial of America's involvement in World War I; and (2) hold a juried competition, and compensate its winner, for design of the obverse and reverse of the coins in a way emblematic of the centennial.
Permits the use of only one facility of the U.S. Mint to strike any particular quality of the coins.
Authorizes the Secretary to issue the coins only during calendar year 2018.
Subjects coin sales to a surcharge of $10 per coin, payable by the Secretary to the United States Foundation for the Commemoration of the World Wars to assist the World War I Centennial Commission in the commemoration.
Directs the Secretary to ensure that: (1) minting and issuing the coins will not result in any net cost to the government; and (2) no funds, including applicable surcharges, shall be disbursed to designated recipients until the total cost of designing and issuing the coins is recovered by the Treasury.