Text: H.R.5598 — 114th Congress (2015-2016)All Information (Except Text)

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Introduced in House (06/28/2016)


114th CONGRESS
2d Session
H. R. 5598


To require the Secretary of the Treasury to mint coins in commemoration of the 400th anniversary of the landing and settlement of Plymouth Colony, the signing of the Mayflower Compact, and the role of the indigenous Wampanoag tribes in the realization of the settlement.


IN THE HOUSE OF REPRESENTATIVES

June 28, 2016

Mr. Keating (for himself, Ms. Bass, Mr. Bera, Mrs. Brooks of Indiana, Mr. Capuano, Mr. Cartwright, Mr. Castro of Texas, Mr. Cicilline, Ms. Clark of Massachusetts, Mr. Connolly, Mr. DeSaulnier, Mr. Gallego, Ms. Hahn, Mr. Hanna, Mr. Hastings, Mr. Higgins, Mr. Huffman, Mr. Kennedy, Mr. Kildee, Mr. Langevin, Mr. Larson of Connecticut, Mr. Loebsack, Mr. Lynch, Ms. McCollum, Mr. McDermott, Mr. McGovern, Mr. Moulton, Mr. Neal, Ms. Pingree, Mr. Pocan, Mr. Posey, Mr. Stewart, Mr. Tonko, Ms. Tsongas, Mr. Vargas, Mr. Welch, Ms. Wilson of Florida, Mr. Wilson of South Carolina, Mr. Pascrell, Mr. Schiff, Ms. DeLauro, Ms. Esty, Ms. Kaptur, and Mr. Ryan of Ohio) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To require the Secretary of the Treasury to mint coins in commemoration of the 400th anniversary of the landing and settlement of Plymouth Colony, the signing of the Mayflower Compact, and the role of the indigenous Wampanoag tribes in the realization of the settlement.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Plymouth 400th Anniversary Commemorative Coin Act of 2016”.

SEC. 2. Findings.

The Congress finds that—

(1) the United States is poised for an anniversary of national and international significance, the 400th anniversary of the Mayflower voyage and the founding of Plymouth Colony;

(2) the Plymouth 400 anniversary will highlight the cultural contributions and United States traditions that began with the interaction of the indigenous Wampanoag and English peoples, a story that significantly shaped the building of the United States;

(3) the settlers, some known as Pilgrims, and their ship the Mayflower, have come to represent national and international symbols of freedom and law;

(4) the indigenous Wampanoag people, and their interaction with the Pilgrims, created an important legacy through their assistance and association, including participation in the shared harvest feast, “The First Thanksgiving”, which serves as the indelible icon for the Thanksgiving holiday in the Untied States;

(5) the “Mayflower Compact”, signed near Provincetown off the coast of Cape Cod before landing in Plymouth, was the colonial cornerstone for self-governance in the New World and had a profound influence on later developments related to the Constitution of the United States and the Bill of Rights;

(6) there are more than 20,000,000 descendants worldwide that trace their ancestry back to the Mayflower passengers arriving in 1620 and on subsequent ships in the 1620s;

(7) in 2009, a nonprofit organization, Plymouth 400, Inc., was established to ensure a suitable national observance of the Plymouth 400th anniversary to include the themes of exploration, innovation, immigration, self-governance, religious freedom, and thanksgiving, which are legacies that were sparked by these historic events and that continue today as cornerstones of the United States;

(8) Plymouth 400, Inc. will lead, support and facilitate legislative and marketing efforts for a commemorative coin series, United States postage stamps, and related activities for the Plymouth 400th anniversary observances and commemorations in 2020;

(9) a commemorative coin series will bring national and international attention to the lasting legacy of Plymouth Colony, its settlers and the indigenous Wampanoag tribes of the area;

(10) the proceeds from a surcharge on the sale of such commemorative coins will assist the financing of a suitable national observance in 2020 and 2021 of the 400th anniversary of the Pilgrim landing and historic events, including the signing of the Mayflower Compact, the “First Thanksgiving” feast, interaction with the indigenous Wampanoag people and other significant events of the period;

(11) today, people from across the 50 States and from around the world flock to Plymouth to see the landing place, Plymouth Rock, visit the re-created Mayflower and Plimoth Plantation, and trace their ancestry and learn about the indigenous Wampanoag and their integral role in the history of the United States; and

(12) story of the Pilgrims, the indigenous Wampanoag people, and the Mayflower are iconic symbols for the world representing freedom, family, law, and justice.

SEC. 3. Coin specifications.

(a) Denominations.—The Secretary of the Treasury (hereinafter in this Act referred to as the “Secretary”) shall mint and issue the following coins:

(1) $5 GOLD COINS.—Not more than 100,000 $5 coins, which shall—

(A) weigh 8.359 grams;

(B) have diameter of 0.85 inches; and

(C) contain 90 percent gold and 10 percent alloy.

(2) $1 SILVER COINS.—Not more than 500,000 $1 coins, which shall—

(A) weigh 26.73 grams;

(B) have 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) have a diameter of 1.205 inches; and

(C) be minted to the specifications for half-dollar coins described 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 sections 5134 and 5136 of title 31, United States Code, all coins minted under this Act shall be considered to be numismatic items.

SEC. 4. Design of coins.

(a) Design requirements.—

(1) IN GENERAL.—The design of the coins minted under this Act shall be emblematic of the landing and settlement of Plymouth Colony, the signing of the Mayflower Compact, and the role of the indigenous Wampanoag tribes in the realization of the settlement.

(2) DESIGNATION AND INSCRIPTIONS.—On each coin minted under this Act there shall be—

(A) a designation of the value of the coin;

(B) an inscription of the year “2020”, “2021”, or “2020–2021”; and

(C) inscriptions of the words “Liberty”, “In God We Trust”, “United States of America”, and “E Pluribus Unum”.

(b) Selection.—The design for the coins minted under this Act shall be—

(1) selected by the Secretary after consulting with—

(A) Plymouth 400, Inc.;

(B) Plimoth Plantation, Inc.;

(C) the Mashpee Wampanoag Tribe;

(D) the Wampanoag Tribe of Gayhead (Aquinnah);

(E) the General Society of Mayflower Descendants;

(F) the Pilgrim Society;

(G) the Plymouth Antiquarian Society;

(H) the Pilgrim Monument and Pro­vince­town Museum;

(I) the Massachusetts Cultural Council; and

(J) the Massachusetts Historical Society; and

(2) reviewed by the Citizens Coinage Advisory Committee.

SEC. 5. Issuance of coins.

(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 a 2-year period beginning January 1, 2020.

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, 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 issued 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.

(3) A surcharge of $5 per coin for the half-dollar coin.

(b) Distribution.—Subject to section 5134(f) of title 31, United States Code, all surcharges received by the Secretary from the sale of coins under this Act shall be promptly paid by the Secretary as follows:

(1) 50 percent of the surcharges, to the Plymouth 400, Inc.—

(A) to support the work of the organization to develop, implement, and provide oversight for the commemorations surrounding the events of 2020 through 2021; and

(B) at the discretion of Plymouth 400 to distribute to local historical preservation and cultural organizations to support their important work in educating the public about the settlement of 1620, their continued existence for the benefit of future generations, and other related purposes.

(2) 15 percent of the surcharges to Plimoth Plantation to support their effort to maintain the replica of the 1627 Plantation, the Mayflower II, and the replica of the Wampanoag Village.

(3) 15 percent of the surcharges, to a Wampanoag tribal organization to continue programs to educate people about the life of the Wampanoag people prior to the Plymouth settlement and the interactions between the settlers and the Wampanoag people.

(4) 10 percent of the surcharges, to the General Society of Mayflower Descendants—

(A) to support the continued restoration of the main facility in Plymouth;

(B) provide funding for their research library at that site; and

(C) for educational purposes.

(5) 10 percent of the surcharges, to the Pilgrim Society to continue their work in displaying the story of the settlement and its artifacts, including the role of the indigenous Wampanoag tribe in the settlement.

(c) Audits.—The Comptroller General of the United States shall have the right to examine such books, records, documents, and other data of each of the organizations referred to in subsection (b) as may be related to the expenditures of amounts paid under such subsection.

(d) Limitations.—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 such time of 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.

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, 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.