H.R.886 - United States Marshals Service 225th Anniversary Commemorative Coin Act112th Congress (2011-2012)
|Sponsor:||Rep. Womack, Steve [R-AR-3] (Introduced 03/02/2011)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||04/02/2012 Became Public Law No: 112-104. (TXT | PDF) (All Actions)|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- Resolving Differences
- To President
- Became Law
Summary: H.R.886 — 112th Congress (2011-2012)All Bill Information (Except Text)
Public Law No: 112-104 (04/02/2012)
United States Marshals Service 225th Anniversary Commemorative Coin Act - (Sec. 3) Directs the Secretary of the Treasury, in commemoration of the 225th anniversary of the establishment of the United States Marshals Service, to mint and issue $5 gold and $1 silver coins, and half-dollar clad coins emblematic of the 225 years of exemplary and unparalleled achievements of the U.S. Marshals Service.
(Sec. 5) Permits: (1) only one facility of the United States Mint to be used to strike any particular combination of denomination and quality of the coins minted under this Act, and (2) the Secretary to issue coins to the public minted under this Act beginning on or after January 1, 2015.
Prohibits such coins from being minted after December 31, 2015.
(Sec. 7) Requires all such coin sales to include a surcharge of: (1) $35 per $5 coin, (2) $10 per $1 coin, and (3) $3 for the half-dollar coin.
Requires distribution of the first $5 million to the U.S. Marshals Service National Museum for the preservation, maintenance, and display of artifacts and documents of the U.S. Marshals Service.
Requires distribution of one-third of the remainder each to the National Center for Missing and Exploited Children to be used for finding missing children and combating child sexual exploitation, and the Federal Law Enforcement Officers Association Foundation (FLEOAF). Limits the use of such funds by FLEOAF to financial assistance for: (1) surviving family members of federal law enforcement members killed in the line of duty; (2) disabled federal law enforcement members; (3) federal law enforcement employees and their families in select instances, such as severe trauma or financial loss, where no other source of assistance is available; (4) scholarships to students pursuing a career in the law enforcement field; and (5) selective grants to charitable organizations.
Requires distribution of one-third of the remainder to the National Law Enforcement Officers Memorial Fund to support construction of of the National Law Enforcement Museum.
(Sec. 8) Directs the Secretary to take actions to ensure that: (1) minting and issuing such coins will not result in any net cost to the U.S. government, and (2) no funds will be disbursed to the recipients designated in this Act until the total cost of designing and issuing such coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping) is recovered by the Treasury.