H.R.1218 - Commemorative Coins Reform Act of 2013113th Congress (2013-2014)
|Sponsor:||Rep. Amash, Justin [R-MI-3] (Introduced 03/15/2013)|
|Committees:||House - Financial Services|
|Latest Action:||03/15/2013 Referred to the House Committee on Financial Services. (All Actions)|
This bill has the status Introduced
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Summary: H.R.1218 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in House (03/15/2013)
Commemorative Coins Reform Act of 2013 - Prohibits surcharges generated by the sale of any numismatic item or commemorative coin program from being paid to a non-federal organization, except with respect to sales and production costs.
Requires that surcharges be used to recover all numismatic operation and program costs allocable to the program under which a numismatic item is produced and sold.
Requires the transfer of any excess surcharges to the general fund of the Treasury for deficit reduction purposes.