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H.R. 1923 (116th): Circulating Collectible Coin Redesign Act of 2020


The text of the bill below is as of Jan 1, 2020 (Passed Congress).


I

One Hundred Sixteenth Congress of the United States of America

At the Second Session

H. R. 1923

AN ACT

To amend title 31, United States Code, to require the Secretary of the Treasury to mint and issue certain circulating collectible coins, and for other purposes.

1.

Short title

This Act may be cited as the Circulating Collectible Coin Redesign Act of 2020.

2.

Redesigned circulating collectible coins

Section 5112 of title 31, United States Code, is amended by adding at the end the following new subsection:

(x)

Redesign and issuance of quarter dollars emblematic of prominent American women and commemorating the 19th Amendment

(1)

Redesign of quarter dollars beginning in 2022

(A)

In general

Effective beginning January 1, 2022, notwithstanding the fourth sentence of subsection (d)(1) and subsection (d)(2), the Secretary of the Treasury shall issue quarter dollars that have designs on the reverse selected in accordance with this subsection which are emblematic of the accomplishment of a prominent American woman.

(B)

Flexibility with regard to placement of inscriptions

Notwithstanding subsection (d)(1), the Secretary may select a design for quarter dollars referred to in subparagraph (A) in which—

(i)

the inscription described in the second sentence of subsection (d)(1) appears on the reverse side of any such quarter dollar; and

(ii)

any of the inscriptions described in the third sentence of subsection (d)(1) or the designation of the value of the coin appear on the obverse side of any such quarter dollar.

(C)

Single prominent American woman on each quarter dollar

The design on the reverse side of each quarter dollar issued under this subsection shall be emblematic of the accomplishments and contributions of one prominent woman of the United States, and may include contributions to the United States in a wide spectrum of accomplishments and fields, including but not limited to suffrage, civil rights, abolition, government, humanities, science, space, and arts, and should honor women from ethnically, racially, and geographically diverse backgrounds.

(D)

Issuance of quarter dollars emblematic of up to five prominent American women each year

The designs for the quarter dollars issued during each year of the period of issuance described under paragraph (4) shall be emblematic of up to five prominent American women.

(E)

Selection of prominent American women generally

The selection of a prominent American woman to be featured under this subsection shall be made by the Secretary—

(i)

in accordance with a selection process developed by the Secretary;

(ii)

after soliciting recommendations from the general public for prominent women designs for quarter dollars; and

(iii)

in consultation with the Smithsonian Institution American Women’s History Initiative, National Women’s History Museum, and the Bipartisan Women’s Caucus.

(2)

Design generally

The coins issued in accordance with this subsection shall meet the following design requirements—

(A)

In general

All designs under this subsection shall be selected by the Secretary, after consultation with the Commission of Fine Arts and review by the Citizens Coinage Advisory Committee.

(B)

Obverse

The design on the obverse of the quarter dollars shall maintain a likeness of George Washington, and be designed in a manner, such as with incused inscriptions, so as to distinguish it from the obverse design used during the previous quarters program.

(3)

Issuance of coins

The Secretary shall prescribe, on the basis of such factors as the Secretary determines to be appropriate, the number of new designs during each year of the period of issuance, and the number of coins which shall be issued with each of the designs selected for such year.

(4)

Period of issuance

(A)

In general

The program established under this subsection shall continue in effect until the end of 2025.

(B)

Continuity

After 2025, the Secretary may continue to issue coins minted during the program but not yet issued.

.

3.

Issuance of redesigned circulating coins emblematic of the United States semiquincentennial

Section 5112 of title 31, United States Code, is amended by adding at the end the following new subsection:

(y)

Redesign and issuance of coins emblematic of the united states semiquincentennial

(1)

Redesign beginning in 2026

(A)

In general

(i)

Notwithstanding the 4th, 5th, and 6th sentences of subsection (d)(1), the Secretary may change the design on any of the coins authorized under this section and minted for issuance during the one-year period beginning January 1, 2026, in celebration of the United States semiquincentennial.

(ii)

Notwithstanding the 2nd and 3rd sentences of subsection (d)(1), the Secretary may place the required inscriptions on either the obverse or reverse sides of the coins authorized for redesign under this subsection.

(B)

Quarter dollars

The Secretary may issue quarter dollars in 2026 with up to five different designs emblematic of the United States semiquincentennial. One of the quarter dollar designs must be emblematic of a woman’s or women’s contribution to the birth of the Nation or the Declaration of Independence or any other monumental moments in American History.

(C)

Dollars

The Secretary may, in addition to the coins produced under subsections (r) and (w), mint for issuance during the one-year period beginning January 1, 2026, $1 dollar coins with designs emblematic of the United States semiquincentennial.

(D)

Designs after end of the program

Beginning in 2027, any coin redesigned under this subsection shall revert to the immediately previous designs, with the exception of the quarter dollar and the half dollar, which shall bear designs in accordance with subsection (z).

(E)

Redesign definition

A redesign authorized under this subsection shall not constitute a change for purposes of subsection (d)(2).

(2)

Selection of designs

(A)

In general

Each of the designs authorized under this subsection shall be selected by the Secretary after consultation with Commission of Fine Arts and review by the Citizens Coinage Advisory Committee.

(B)

Design selection process

Designs shall be developed and selected in accordance with the design selection process developed by the Secretary in consultation with the United States Semiquincentennial Commission and with recommendations from the general public.

.

4.

Issuance of redesigned quarter dollars and half dollars emblematic of sports played by American youth

Section 5112 of title 31, United States Code, is amended by adding at the end the following new subsection:

(z)

Redesign and issuance of quarter dollars and half dollars emblematic of sports played by American youth

(1)

Redesign of quarter dollars beginning in 2027

(A)

In general

Effective beginning January 1, 2027, notwithstanding the fourth sentence of subsection (d)(1) and subsection (d)(2), the Secretary shall issue quarter dollars that have designs on the reverse selected in accordance with this subsection which are emblematic of sports played by American youth.

(B)

Flexibility with regard to placement of inscriptions

Notwithstanding subsection (d)(1), the Secretary may select a design for quarter dollars referred to in subparagraph (A) in which—

(i)

the inscription described in the second sentence of subsection (d)(1) appears on the reverse side of any such quarter dollars; and

(ii)

any of the inscriptions described in the third sentence of subsection (d)(1) or the designation of the value of the coin appear on the obverse side of any such quarter dollars.

(C)

Single sport on each quarter dollar

The design on the reverse side of each quarter dollar issued under this subsection shall be emblematic of one sport played by American youth.

(D)

Issuance of quarter dollars emblematic of up to five sports each year

The designs for the quarter dollars issued during each year of the period referred to in paragraph (5) shall be emblematic of up to five sports.

(E)

Selection of sports generally

The Secretary shall select the sports to be honored during each year of the period referred to in paragraph (5) after appropriate outreach and consultation with the public.

(2)

Redesign of half dollars beginning in 2027

(A)

In general

Effective January 1, 2027, notwithstanding the fourth sentence of subsection (d)(1) and subsection (d)(2), the Secretary shall issue half dollars that have designs on the reverse selected in accordance with this subsection which are emblematic of a sport tailored to athletes with a range of disabilities, including physical impairment, vision impairment and intellectual impairment (referred to in this Act as a Paralympic sport).

(B)

Flexibility with regard to placement of inscriptions

Notwithstanding subsection (d)(1), the Secretary may select a design for half dollars referred to in subparagraph (A) in which—

(i)

the inscription described in the second sentence of subsection (d)(1) appears on the reverse side of any such half dollars; and

(ii)

any of the inscriptions described in the third sentence of subsection (d)(1) or the designation of the value of the coin appear on the obverse side of any such half dollars.

(C)

Single Paralympic sport on each half dollar

The design on the reverse side of each half dollar issued under this subsection shall be emblematic of one Paralympic sport.

(D)

Selection of sports

The selection of a Paralympic sport to be honored with a half dollar under this subsection shall be made by the Secretary after consultation with U.S. Paralympics.

(3)

Design generally

The coins issued in accordance with this subsection shall meet the following design requirements:

(A)

In general

All designs under this subsection shall be selected by the Secretary, after consultation with the Commission of Fine Arts and review by the Citizens Coinage Advisory Committee.

(B)

Quarter dollar obverse

The design on the obverse of the quarter dollars shall maintain a likeness of George Washington, and be designed in a manner so as to distinguish it from the obverse design used during the previous quarter dollars program.

(C)

Half dollar obverse

The design on the obverse of the half dollar shall maintain a likeness of John Kennedy, and be designed in a manner so as to distinguish it from the obverse design used on the current half dollar.

(4)

Issuance of coins

(A)

Quarter dollar

The quarter dollar coins bearing designs under this subsection shall be issued at the rate of up to 5 new designs during each year of the period of issuance described under paragraph (5).

(B)

Half dollar

The half dollar coins bearing designs under this subsection shall be issued at the rate of 1 new design during each year of the period of issuance described under paragraph (5).

(5)

Period of issuance

(A)

In general

The program established under this subsection shall continue in effect until the end of 2030.

(B)

Continuity

After the date specified in subparagraph (A), the Secretary may continue to issue coins minted during the program but not yet issued.

(6)

Accompanying sports medals

For every design of a coin honoring a sport issued under this subsection, the Secretary is authorized to design and issue one or more accompanying medals with designs emblematic of the sport honored with the issuance of the coin, and include a surcharge on the sale the medals sold in accordance with this paragraph, in an amount determined by the Secretary, in the Secretary’s sole discretion, that may be used for the design and manufacture of the medals described in paragraph (7).

(7)

Olympic medals

(A)

In general

The Secretary is authorized to design and manufacture medals for award at the 2028 Olympic Games in Los Angeles, California.

(B)

Working stock

The Secretary may use Treasury working gold and silver stock in the manufacture of the award medals produced under this subsection.

(C)

Olympic & Paralympic Committees

The Secretary may provide the medals described in this paragraph to the United States Olympic & Paralympic Committee under terms and conditions established by the Secretary.

(D)

Cooperative marketing and promotion opportunities

The Secretary is encouraged to seek out cooperative marketing and promotion opportunities, including with the United States Olympic & Paralympic Committee, LA28, and United States Olympic and Paralympic Properties to promote the coins and medals produced under this section.

(8)

Designs after end of program

Upon the completion or termination of the coin program under this subsection, the designs on the quarter dollar and half dollar shall be as follows:

(A)

Quarter dollar

(i)

Obverse

The obverse of the quarter dollar shall bear a design containing a likeness of George Washington.

(ii)

Reverse

The reverse of the quarter dollar shall be of a design selected by the Secretary after consultation with the Commission of Fine Arts and review by the Citizens Coinage Advisory Committee.

(B)

Half dollar

(i)

Obverse

The obverse of the half dollar shall bear a design containing a likeness of John Kennedy.

(ii)

Reverse

The reverse of the half dollar shall be of a design selected by the Secretary after consultation with the Commission of Fine Arts and review by the Citizens Coinage Advisory Committee.

.

5.

Silver bullion coins

Section 5112 of title 31, United States Code, is amended by replacing subsection (u) with the following revised subsection:

(u)

Silver bullion investment product

(1)

In general

The Secretary is authorized to strike and make available for sale such number of bullion coins as the Secretary determines to be appropriate that feature the designs of the quarter dollars and half dollars issued under subsections (x), (y), and (z), that—

(A)

have a diameter of 3.0 inches and weigh 5.0 ounces;

(B)

contain .999 fine silver;

(C)

have incused into the edge the fineness and weight of the bullion coin; and

(D)

bear an inscription of the denomination of such coins, such denominations to be determined by the Secretary as the Secretary determines to be appropriate.

(2)

Fractionals

The Secretary is authorized to mint and issue so-called fractional silver bullion coins bearing the designs of the quarter dollars and half dollars issued under subsections (x), (y), and (z) in sizes, weights, fineness, and denominations, and with inscriptions, that the Secretary determines to be appropriate.

(3)

Availability for sale

Should the Secretary exercise the Secretary’s discretion to strike bullion coins under this subsection, the bullion coins minted under paragraph (1) shall become available for sale no sooner than the first day of the calendar year in which the corresponding circulating quarter dollar or half dollar is issued.

(4)

Continuity

Until the conclusion of the quarter dollar program authorized under subsection (t), the Secretary shall strike and make available for sale such number of bullion coins as the Secretary determines to be appropriate that are likenesses of the quarter dollars issued under subsection (t).

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6.

Circulating collectible standards and general provisions

Section 5112 of title 31, United States Code, is amended by adding at the end the following new subsection:

(aa)

Standards and general provisions for circulating collectible coins under subsections (x), (y), and (z)

(1)

Prohibition on certain representations

No head and shoulders portrait or bust of any person, living or dead, and no portrait of a living person may be included in the design on the reverse of any coin under subsections (x), (y), and (z).

(2)

Treatment as numismatic items

For purposes of sections 5134 and 5136, all coins and medals minted under subsections (x), (y), and (z) shall be considered to be numismatic items.

(3)

Issuance

(A)

Quality of coins

The Secretary may mint and issue such number of coins of each design selected under subsections (x), (y), and (z) in uncirculated and proof qualities as the Secretary determines to be appropriate.

(B)

Coordination

The Board of Governors of the Federal Reserve System and the Secretary shall take steps to ensure that an adequate supply of coins produced under subsections (x), (y), and (z) are available for commerce and collectors at such places and in such quantities as are appropriate.

(C)

Number of each coin designs in each year

Of the coins issued during each year of the period of issuance under subsections (x), (y), and (z), the Secretary shall prescribe, on the basis of such factors as the Secretary determines to be appropriate, the number of coins which shall be issued with each of the designs selected for such year.

(D)

Special inscriptions or symbol across the coins

The Secretary is encouraged to develop and include on any coin issued in accordance with subsections (x), (y), or (z), a unifying inscription, privy mark, or other symbol for that particular coin program.

(4)

Legal tender

The coins minted under subsections (x), (y), and (z) shall be legal tender, as provided in section 5103.

(5)

Marketing and educational campaign

In an effort to advance the collecting of the coins and medals authorized under subsections (x), (y), and (z), and numismatics in general, the Secretary may develop and execute a marketing, advertising, promotional, and educational program to promote the collecting of the coins and medals authorized under subsections (x), (y), and (z). As part of this program, the Secretary is encouraged to seek out appropriate cooperative marketing opportunities, and to develop ancillary derivative products beyond traditional numismatic products such as sports, women, and youth oriented products appropriate to the particular coin and medal program.

(6)

Quality of medals

It is the sense of Congress that the medals authorized under subsection (z) be produced in high relief and, if feasible and cost effective, with surface treatments such as frosting and colorization.

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7.

Determination of budgetary effects

The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.

8.

Cost

No coin or medal minted and issued under this Act, or an amendment made by this Act, may be sold at a price such that would result in a net cost to the Federal Government.

Speaker of the House of Representatives.

Vice President of the United States and President of the Senate.