Summary: S.1672 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for S.1672. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (08/02/1991)

James Madison - Bill of Rights Commemorative Coin Act - Directs the Secretary of the Treasury to issue: (1) five-dollar and half-dollar coins emblematic of the Bill of Rights; and (2) one-dollar silver coins emblematic of James Madison.

Sets forth guidelines for their sale and issuance, and for financial assurances.

Mandates that the surcharges received by the Secretary be transmitted to the James Madison Memorial Fellowship Trust Fund. Authorizes audits by the Comptroller General. Provides a general waiver of procurement regulations when implementing this Act.

Requires the Secretary to submit monthly financial status reports to certain congressional committees.