S.2889 - American Bald Eagle Recovery and National Emblem Commemorative Coin Act108th Congress (2003-2004)
|Sponsor:||Sen. Alexander, Lamar [R-TN] (Introduced 10/05/2004)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||11/20/2004 Sponsor introductory remarks on measure.|
|Notes:||For further action, see H.R.4116, which became Public Law 108-486 on 12/23/2004.|
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Summary: S.2889 — 108th Congress (2003-2004)All Bill Information (Except Text)
Introduced in House (10/05/2004)
American Bald Eagle Recovery and National Emblem Commemorative Coin Act - Directs the Secretary of the Treasury, in celebration of the recovery of the bald eagle, in commemoration of the 35th anniversary of the enactment of the Endangered Species Act of 1973, and the placement of the bald eagle on the endangered species list under such Act, to mint and issue not more than: (1) 100,000 $5 gold coins; (2) 500,000 $1 silver coins; and (3) 750,000 half dollar coins.
Directs that the design of the coins be emblematic of the bald eagle and its history, natural biology, and national symbolism.
Requires that sales of the coins include a surcharge of $35 per coin for the $5 coin, $10 for the $1 coin, and $3 for the half dollar coin, which shall be promptly paid by the Secretary to the American Eagle Foundation of Tennessee to: (1) establish an interest-bearing endowment called the American Eagle Fund as a permanent source of support for the care, monitoring, maintenance, and recovery of the bald eagle and its habitat in the United States; (2) make annual grants to Federal, State, and private eagle restoration, protection, and enhancement projects; (3) administer the Fund in an annual amount not to exceed the lesser of ten percent of the annual income of the Fund or $250,000; and (4) provide financial support for capital projects and for continuation and expansion of the Foundation's efforts to educate the American people about the bald eagle.