S.1827 - White House Commemorative Coin Act of 1991102nd Congress (1991-1992)
|Sponsor:||Sen. Garn, E. J. (Jake) [R-UT] (Introduced 10/08/1991)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||10/08/1991 Read twice and referred to the Committee on Banking. (All Actions)|
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Summary: S.1827 — 102nd Congress (1991-1992)All Information (Except Text)
Introduced in Senate (10/08/1991)
White House Commemorative Coin Act of 1991 - Directs the Secretary of the Treasury to: (1) issue up to 500,000 silver one-dollar coins to commemorate the 200th anniversary of the laying of the cornerstone of the White House; and (2) obtain silver for such coins from stockpiles established under the Strategic and Critical Mineral Stock Piling Act.
Specifies that: (1) all amounts received from the sale of coins issued under this Act shall be deposited in the coinage profit fund; and (2) the Secretary shall pay amounts from a ten-dollar surcharge per coin into the White House Endowment Fund.
Directs the Secretary to take such actions as necessary to ensure that the minting and issuance of such coins do not result in any net cost to the Government. Bars the issuance of such coins unless the Secretary has received full payment or adequate security for payment.