H.R.4104 - Pro Football Hall of Fame Commemorative Coin Act112th Congress (2011-2012)
|Sponsor:||Rep. Renacci, James B. [R-OH-16] (Introduced 02/28/2012)|
|Committees:||House - Financial Services|
|Latest Action:||Senate - 08/02/2012 Received in the Senate. (All Actions)|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Text: H.R.4104 — 112th Congress (2011-2012)All Information (Except Text)
Text available as:
Received in Senate (08/02/2012)
To require the Secretary of the Treasury to mint coins in recognition and celebration of the Pro Football Hall of Fame.
This Act may be cited as the “Pro Football Hall of Fame Commemorative Coin Act”.
The Congress finds the following:
(A) to honor individuals who have made outstanding contributions to professional football;
(B) to preserve professional football's historic documents and artifacts;
(C) to educate the public regarding the origin, development, and growth of professional football as an important part of American culture; and
(D) to promote the positive values of the sport.
(2) The Pro Football Hall of Fame opened its doors on September 7, 1963. On that day a charter class of 17 players, coaches, and contributors were enshrined. Among the group were such legends as Sammy Baugh, Red Grange, George Halas, Don Hutson, Bronko Nagurski, and Jim Thorpe. Through 2012, there are 273 members who have been elected to the Pro Football Hall of Fame. Three distinct iconic symbols represent an individual's membership in the Hall of Fame: a bronze bust, a Hall of Fame gold jacket, and a Hall of Fame ring.
(3) The Pro Football Hall of Fame has welcomed nearly 9 million visitors from around the world since opening in 1963. The museum has grown from its original 19,000-square-foot building to an 118,000-square-foot, state-of-the-art facility as result of expansions in 1971, 1978, 1995, and most recently in 2011–2013. In addition, major exhibit renovations have been completed in 2003, 2008, and 2009.
(4) The Pro Football Hall of Fame houses the world's largest collection on professional football. Included in the museum's vast collection are more than 20,000 three-dimensional artifacts and more than 20 million pages of documents including nearly 3,000,000 photographic images.
(5) The Pro Football Hall of Fame reaches a world-wide audience of nearly 15,000,000 people annually through visitors to the museum, participants in the annual Pro Football Hall of Fame Enshrinement Festival, three nationally televised events, the Hall of Fame's Web site, social media outlets, special events across the country, and through the museum's Educational Outreach videoconferencing programs.
(A) weigh 8.359 grams;
(B) have a diameter of 0.850 inches; and
(C) contain 90 percent gold and 10 percent alloy.
(A) weigh 26.73 grams;
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 percent copper.
(A) weigh 11.34 grams;
(B) have a diameter of 1.205 inches; and
(C) be minted to the specifications for half-dollar coins contained in section 5112(b) of title 31, United States Code.
(b) Legal tender.—The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code.
(c) Numismatic items.—For purposes of section 5134 of title 31, United States Code, all coins minted under this Act shall be considered to be numismatic items.
(1) IN GENERAL.—The design of the coins minted under this Act shall be emblematic of the game of professional football.
(A) a designation of the value of the coin;
(B) an inscription of the year “2016”; and
(C) inscriptions of the words “Liberty”, “In God We Trust”, “United States of America”, and “E Pluribus Unum”.
(1) selected by the Secretary after consultation with the Commission of Fine Arts and the Pro Football Hall of Fame; and
(2) reviewed by the Citizens Coinage Advisory Committee.
(a) Quality of coins.—Coins minted under this Act shall be issued in uncirculated and proof qualities.
(b) Mint facility.—Only 1 facility of the United States Mint may be used to strike any particular quality of the coins minted under this Act.
(c) Period for issuance.—The Secretary may issue coins minted under this Act only during the 1-year period beginning on January 1, 2016.
(1) the face value of the coins;
(2) the surcharge provided in section 7(a) with respect to such coins; and
(3) the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping).
(b) Bulk sales.—The Secretary shall make bulk sales of the coins issued under this Act at a reasonable discount.
(1) IN GENERAL.—The Secretary shall accept prepaid orders for the coins minted under this Act before the issuance of such coins.
(2) DISCOUNT.—Sale prices with respect to prepaid orders under paragraph (1) shall be at a reasonable discount.
(1) $35 per coin for the $5 coin;
(2) $10 per coin for the $1 coin; and
(3) $5 per coin for the half-dollar coin.
(b) Distribution.—Subject to section 5134(f)(1) of title 31, United States Code, all surcharges received by the Secretary from the sale of coins issued under this Act shall be promptly paid by the Secretary to the Pro Football Hall of Fame, to help finance the construction of a new building and renovation of existing Pro Football Hall of Fame facilities.
(c) Audits.—The Pro Football Hall of Fame shall be subject to the audit requirements of section 5134(f)(2) of title 31, United States Code, with regard to the amounts received under subsection (b).
(d) Limitation.—Notwithstanding subsection (a), no surcharge may be included with respect to the issuance under this Act of any coin during a calendar year if, as of the time of such issuance, the issuance of such coin would result in the number of commemorative coin programs issued during such year to exceed the annual 2 commemorative coin program issuance limitation under section 5112(m)(1) of title 31, United States Code (as in effect on the date of the enactment of this Act). The Secretary of the Treasury may issue guidance to carry out this subsection.
The Secretary shall take such actions as may be necessary to ensure that—
(1) minting and issuing coins under this Act will not result in any net cost to the United States Government; and
(2) no funds, including applicable surcharges, shall be disbursed to any recipient designated in section 7 until the total cost of designing and issuing all of the coins authorized by this Act (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping) is recovered by the United States Treasury, consistent with sections 5112(m) and 5134(f) of title 31, United States Code.
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 Committee on the Budget of the House of Representatives, provided that such statement has been submitted prior to the vote on passage.
Passed the House of Representatives August 1, 2012.
|Attest:||karen l. haas,|