H.R.2726 - Apollo 11 50th Anniversary Commemorative Coin Act114th Congress (2015-2016)
|Sponsor:||Rep. Posey, Bill [R-FL-8] (Introduced 06/10/2015)|
|Committees:||House - Financial Services; Budget|
|Latest Action:||12/16/2016 Became Public Law No: 114-282. (All Actions)|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.2726 — 114th Congress (2015-2016)All Bill Information (Except Text)
Public Law No: 114-282 (12/16/2016)
(This measure has not been amended since it was passed by the House on December 5, 2016. The summary of that version is repeated here.)
Apollo 11 50th Anniversary Commemorative Coin Act
(Sec. 3) This bill directs the Department of the Treasury to mint and issue gold, silver, half-dollar clad, and proof silver coins in recognition and celebration of the 50th anniversary of the first manned landing on the moon.
(Sec. 5) Treasury may issue coins minted under this bill for only a one-year period, beginning January 1, 2019.
(Sec. 7) All sales of coins minted under this bill shall include a surcharge of $35 per gold coin, $10 per silver coin, $5 per half-dollar clad coin, and $50 per proof silver coin.
All of the surcharges received from the sale of such coins shall be paid as follows:
- one-half to the Smithsonian Institution's National Air and Space Museum's "Destination Moon" exhibit;
- one-quarter to the Astronauts Memorial Foundation; and
- one-quarter to the Astronaut Scholarship Foundation, to aid its missions by providing college scholarships for the very best and brightest students pursuing degrees in science, technology, engineering, or mathematics (STEM).
There may not be any surcharge if issuance of the coin would exceed the annual commemorative coin program issuance limitation.
(Sec. 8) Treasury shall ensure that:
- minting and issuing such coins will not result in any net cost to the federal government; and
- no funds, including surcharges, will be disbursed to any recipient designated in section 7 until the total cost of designing and issuing all authorized coins is recovered.