S.1182 - The American Legion 100th Anniversary Commemorative Coin Act115th Congress (2017-2018) |
|Sponsor:||Sen. Young, Todd C. [R-IN] (Introduced 05/18/2017)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||House - 08/04/2017 Held at the desk. (All Actions)|
This bill has the status Passed Senate
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.1182 — 115th Congress (2017-2018)All Information (Except Text)
Passed Senate amended (08/03/2017)
American Legion 100th Anniversary Commemorative Coin Act
(Sec. 3) This bill requires the Department of the Treasury to mint and issue gold, silver, and half-dollar clad commemorative coins in recognition and celebration of the 100th anniversary of the American Legion.
(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, and $5 per half-dollar clad coin.
Surcharges received from the sale of these coins shall be paid to the American Legion for costs related to promoting the importance of: (1) caring for those who have served, and those who are still serving, in the Armed Forces; and (2) maintaining patriotic values, strong families, and assistance for at-risk children.
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 until the total cost of designing and issuing all authorized coins is recovered.