H.R.2448 - Benjamin Franklin National Memorial Commemorative Medal and Fire Service Bill of Rights Act102nd Congress (1991-1992)
|Sponsor:||Rep. Weldon, Curt [R-PA-7] (Introduced 05/23/1991)|
|Committees:||House - Banking, Finance, and Urban Affairs; Science, Space and Technology|
|Latest Action:||10/12/1992 Became Public Law No: 102-406. (All Actions)|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.2448 — 102nd Congress (1991-1992)All Information (Except Text)
Passed House amended (10/03/1992)
Benjamin Franklin National Memorial Commemorative Medal and Fire Service Bill of Rights Act - Directs the Secretary of the Treasury (the Secretary) to issue silver national medals in commemoration of Benjamin Franklin's contributions to the American Fire Service. Requires a surcharge of $15 per medal sold.
Sets forth other sale and issuance guidelines, including a general waiver of procurement regulations. Names organizations to receive surcharge distributions and the uses of such distributions, including restoration of the Benjamin Franklin National Memorial and grants for fire-service related education programs.
Prohibits the Secretary from distributing such surcharges until the Secretary has received funds from either the sale of coins, or from private donations, sufficient to ensure that the issuance of medals shall result in no net cost to the Federal Government.
Prohibits the issuance of such medals unless the Secretary has received: (1) full payment; (2) security satisfactory to the Secretary to indemnify the United States for full payment; or (3) a guarantee of full payment satisfactory to the Secretary from an insured depository institution.