Text: H.R.2726 — 114th Congress (2015-2016)All Bill Information (Except Text)

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Public Law No: 114-282 (12/16/2016)

 
[114th Congress Public Law 282]
[From the U.S. Government Publishing Office]



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Public Law 114-282
114th Congress

                                 An Act


 
To require the Secretary of the Treasury to mint commemorative coins in 
 recognition of the 50th anniversary of the first manned landing on the 
              Moon. <<NOTE: Dec. 16, 2016 -  [H.R. 2726]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: Apollo 11 50th 
Anniversary Commemorative Coin Act. 31 USC 5112 note.>> 
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Apollo 11 50th Anniversary 
Commemorative Coin Act''.
SEC. 2. FINDINGS.

    The Congress finds the following:
            (1) On July 16, 1969, the Apollo 11 spacecraft launched from 
        Launch Complex 39A at the John F. Kennedy Space Center carrying 
        Neil Armstrong, Buzz Aldrin, and Michael Collins, who would 
        become the first of mankind to complete a crewed lunar landing.
            (2) The United States is the only country ever to have 
        attempted and succeeded in landing humans on a celestial body 
        off the Earth and safely returning them home, completing an 
        unprecedented engineering, scientific and political achievement.
            (3) The Apollo 11 mission, culminating in man's first steps 
        on the Moon on July 20, 1969, honored the fallen astronauts of 
        the Apollo 1 crew, whose innovative work and bravery will be 
        remembered forever.
            (4) Apollo 11 accomplished the national goal set forth in 
        1961 by President John F. Kennedy, who stated at Rice University 
        the following year, ``We choose to go to the Moon. We choose to 
        go to the Moon in this decade and do the other things, not 
        because they are easy, but because they are hard, because that 
        goal will serve to organize and measure the best of our energies 
        and skills, because that challenge is one that we are willing to 
        accept, one we are unwilling to postpone, and one which we 
        intend to win''.
            (5) At the height of the Cold War, the Apollo space program 
        provided the United States and the free world with a powerful 
        symbolic win, demonstrating the strength, ambition, and 
        determination of the United States in technological and economic 
        advancement, and securing our Nation's leadership in space for 
        generations to come.
            (6) The National Aeronautics and Space Administration's 
        (referred to in this Act as ``NASA'') Marshall Space Flight 
        Center in Huntsville, Alabama, designed, assembled, and tested 
        the most powerful launch vehicle in history, the Saturn V

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        rocket, which was used for the Apollo missions in the 1960s and 
        1970s.
            (7) The Saturn V weighed 6,200,000 pounds and generated 
        7,600,000 pounds of thrust, which NASA has equated to generating 
        more power than 86 Hoover Dams.
            (8) During the time period from 1969 through 1972, NASA 
        completed eight Apollo missions and landed 12 men on the Moon. 
        The 6 missions that landed on the Moon returned with a wealth of 
        groundbreaking scientific data and over 800 pounds of lunar 
        samples.
            (9) An estimated 400,000 Americans contributed to the 
        successful program that led to the lunar landing on July 20, 
        1969, including NASA scientists, engineers, astronauts, industry 
        contractors and their engineering and manufacturing workforce, 
        as well as the political leadership of Republicans and Democrats 
        in Congress and the White House.
            (10) The Apollo program, along with its predecessor Mercury 
        and Gemini programs, inspired generations of American students 
        to pursue careers in science, technology, engineering, and 
        mathematics (STEM), which has fueled innovation and economic 
        growth throughout a range of industries over the last four 
        decades.
            (11) July 20, 2019, will mark the 50th anniversary of the 
        Apollo 11 landing of Neil Armstrong and Buzz Aldrin on the lunar 
        surface.
SEC. 3. COIN SPECIFICATIONS.

    (a) Denominations.--In recognition and celebration of the 50th 
anniversary of the first manned Moon landing, the Secretary of the 
Treasury (hereafter in this Act referred to as the ``Secretary'') shall 
mint and issue the following coins:
            (1) $5 gold coins.--Not more than 50,000 $5 coins, which 
        shall--
                    (A) weigh 8.359 grams;
                    (B) be struck on a planchet having a diameter of 
                0.850 inches; and
                    (C) contain not less than 90 percent gold.
            (2) $1 silver coins.--Not more than 400,000 $1 coins, which 
        shall--
                    (A) weigh 26.73 grams;
                    (B) be struck on a planchet having a diameter of 
                1.500 inches; and
                    (C) contain not less than 90 percent silver.
            (3) Half-dollar clad coins.--Not more than 750,000 half-
        dollar coins which shall--
                    (A) weigh 11.34 grams;
                    (B) be struck on a planchet having 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.
            (4) Proof silver $1 coins.--Not more than 100,000 proof $1 
        silver coins which shall--
                    (A) weigh 5 ounces;
                    (B) be struck on a planchet having a diameter of 3 
                inches; and
                    (C) contain .999 fine silver.

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    (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 sections 5134 and 5136 of 
title 31, United States Code, all coins minted under this Act shall be 
considered to be numismatic items.
    (d) Convex Shape.--
            (1) In general.--The coins minted under this Act shall be 
        produced in a fashion similar to the 2014 National Baseball Hall 
        of Fame 75th Anniversary Commemorative Coin, so that the reverse 
        of the coin is convex to more closely resemble the visor of the 
        astronaut's helmet of the time and the obverse concave, 
        providing a more dramatic display of the obverse design chosen 
        pursuant to section 4(c).
            (2) Sense of congress.--It is the sense of Congress that, to 
        the extent possible without significantly adding to the purchase 
        price of the coins, the coins minted under this Act should be 
        produced with the design of the reverse of the coins continuing 
        over what would otherwise be the edge of the coins, such that 
        the reverse design extends all the way to the obverse design.
SEC. 4. DESIGN OF COINS.

    (a) In General.--The design for the coins minted under this Act 
shall be--
            (1) selected by the Secretary after consultation with--
                    (A) the Commission of Fine Arts; and
                    (B) with respect to the design of the reverse of the 
                coins, the Administrator of NASA; and
            (2) <<NOTE: Review.>>  reviewed by the Citizens Coinage 
        Advisory Committee.

    (b) Designations and Inscriptions.--On each coin minted under this 
Act there shall be--
            (1) a designation of the denomination of the coin;
            (2) an inscription of the year ``2019''; and
            (3) inscriptions of the words ``Liberty'', ``In God We 
        Trust'', ``United States of America'', and ``E Pluribus Unum''.

    (c) Selection and Approval Process for Obverse Design.--
            (1) In general.--The Secretary shall hold a juried, 
        compensated competition to determine the design of the common 
        obverse of the coins minted under this Act, with such design 
        being emblematic of the United States space program leading up 
        to the first manned Moon landing.
            (2) Selection process.--Proposals for the obverse design of 
        coins minted under this Act may be submitted in accordance with 
        the design selection and approval process developed by the 
        Secretary in the sole discretion of the Secretary.
            (3) Proposals.--As part of the competition described in this 
        subsection, the Secretary may accept proposals from artists, 
        engravers of the United States Mint, and members of the general 
        public, and any designs submitted for the design review process 
        described herein shall be anonymized until a final selection is 
        made.
            (4) <<NOTE: Determination.>>  Compensation.--The Secretary 
        shall determine compensation for the winning design under this 
        subsection, which shall be not less than $5,000.

    (d) Reverse Design.--The design on the common reverse of the coins 
minted under this Act shall be a representation of a

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close-up of the famous ``Buzz Aldrin on the Moon'' photograph taken July 
20, 1969, that shows just the visor and part of the helmet of astronaut 
Buzz Aldrin, in which the visor has a mirrored finish and reflects the 
image of the United States flag and the lunar lander and the remainder 
of the helmet has a frosted finish.
SEC. 5. ISSUANCE OF COINS.

    (a) Quality of Coins.--Except with respect to coins described under 
section 3(a)(4), coins minted under this Act shall be issued in 
uncirculated and proof qualities.
    (b) Period for Issuance.--The Secretary may issue coins minted under 
this Act only during the 1-year period beginning on January 1, 2019.
SEC. 6. SALE OF COINS.

    (a) Sale Price.--The coins issued under this Act shall be sold by 
the Secretary at a price equal to the sum of--
            (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, winning design 
        compensation, 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.
    (c) Prepaid Orders.--
            (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.
SEC. 7. SURCHARGES.

    (a) In General.--All sales of coins minted under this Act shall 
include a surcharge as follows:
            (1) A surcharge of $35 per coin for the $5 coin.
            (2) A surcharge of $10 per coin for the $1 coin described 
        under section 3(a)(2).
            (3) A surcharge of $5 per coin for the half-dollar coin.
            (4) A surcharge of $50 per coin for the $1 coin described 
        under section 3(a)(4).

    (b) Distribution.--Subject to section 5134(f) 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 as 
follows:
            (1) one half to the Smithsonian Institution's National Air 
        and Space Museum's ``Destination Moon'' exhibit, for design, 
        education, and installation costs related to establishing and 
        maintaining the exhibit, and for costs related to creating a 
        traveling version of the exhibition;
            (2) one quarter to the Astronauts Memorial Foundation, for 
        costs related to the preservation, maintenance, and enhancement 
        of the Astronauts Memorial and for promotion of space 
        exploration through educational initiatives; and
            (3) one quarter to the Astronaut Scholarship Foundation, to 
        aid its missions of promoting the importance of science and 
        technology to the general public and of aiding the United

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        States in retaining its world leadership in science and 
        technology by providing college scholarships for the very best 
        and brightest students pursuing degrees in science, technology, 
        engineering, or mathematics (STEM).

    (c) Audits.--The recipients described under subsection (b) 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 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.
SEC. 8. FINANCIAL ASSURANCES.

    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, are 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, winning 
        design compensation, 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.

    Approved December 16, 2016.

LEGISLATIVE HISTORY--H.R. 2726:
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CONGRESSIONAL RECORD, Vol. 162 (2016):
            Dec. 5, considered and passed House.
            Dec. 9, considered and passed Senate.

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