HR 1993
25th Anniversary of 9/11 Commemorative Coin Act
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Bill overview
This bill authorizes the U.S. Treasury to mint and issue commemorative gold and silver coins to mark the 25th anniversary of the September 11, 2001, terrorist attacks. All sales of these coins will include a surcharge, paid to the National September 11 Memorial and Museum at the World Trade Center, to support its operations and maintenance. The issuance of coins is limited to specific quantities and a particular timeframe, and a cap exists on the number of commemorative coin programs issued annually.
Key provisions
- Requires the Treasury to mint $5 gold and $1 silver coins commemorating the 25th anniversary of 9/11.
- Establishes a surcharge on coin sales, with proceeds going to the National September 11 Memorial and Museum.
- Limits the number of coins minted for each denomination.
- Sets a timeframe for coin issuance (January 1, 2027, to January 1, 2028).
- Specifies design requirements for the coins, including the inscription ‘Never Forget.’
- Allows for bulk sales of coins at a discount.
- Establishes a limit on the number of commemorative coin programs issued annually.
- Requires the Treasury to ensure no net cost to the federal government and that all costs are recovered before funds are disbursed.
Who is affected
- National September 11 Memorial and Museum at the World Trade Center
- U.S. Treasury Department
- Coin collectors
- U.S. taxpayers
- Families of victims and survivors
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119th CONGRESS — 1st Session
H. R. 1993
IN THE HOUSE OF REPRESENTATIVES
A BILL
To require the Secretary of the Treasury to mint coins in commemoration of the 25th anniversary of the September 11, 2001, terrorist attacks on the United States and to support programs at the National September 11 Memorial and Museum at the World Trade Center.
This Act may be cited as the 25th Anniversary of 9/11 Commemorative Coin Act
.
Congress finds the following:
the attacks).
During the attacks, American Airlines Flight 77 struck the side of the Pentagon, killing 184 passengers, crew members, and personnel.
In Pennsylvania, during the attacks, United Airlines Flight 93 crashed near Shanksville, killing all 40 passengers and crew members.
The collapse of the towers following the attacks created massive dust clouds that left hundreds of densely populated city blocks covered with harmful contaminants, exposing first responders, local workers, residents, and students.
The Secretary of the Treasury (referred to in this Act as the Secretary
) shall mint and issue the following coins in commemoration of the 25th anniversary of the September 11, 2001, terrorist attacks on the United States and the establishment of the National September 11 Memorial and Museum at the World Trade Center:
Not more than 50,000 $5 coins, each of which shall—
weigh 8.359 grams;
have a diameter of 0.850 inches; and
contain not less than 90 percent gold.
Not more than 400,000 $1 coins, each of which shall—
weigh 26.73 grams;
have a diameter of 1.500 inches; and
contain not less than 90 percent silver.
The coins minted under this Act shall be legal tender, as provided in section 5103 of title 31, United States Code.
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.
The designs of the coins minted under this Act shall be emblematic of the courage, sacrifice, and strength of those individuals who perished in the terrorist attacks of September 11, 2001, the bravery of those who risked their lives to save others that day, and the endurance, resilience, and hope of those who survived. At least 1 such coin shall bear the inscription Never Forget
.
On each coin minted under this Act, there shall be—
a designation of the value of the coin;
inscriptions of the words Liberty
, In God We Trust
, United States of America
, and E Pluribus Unum
; and
25th Anniversary.
The designs for the coins minted under this Act shall be—
selected by the Secretary, after consultation with—
the National September 11 Memorial and Museum at the World Trade Center; and
the Commission of Fine Arts; and
reviewed by the Citizens Coinage Advisory Committee.
The coins minted under this Act shall be issued in uncirculated and proof qualities.
It is the sense of Congress that the coins minted under this Act should be struck at the United States Mint at West Point, New York, to the greatest extent possible.
The Secretary may issue coins minted under this Act only during the 1-year period beginning on January 1, 2027.
The coins issued under this Act shall be sold by the Secretary at the price equal to the sum of—
the face value of the coins;
the surcharge provided in section 7(a) with respect to the coins; and
the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping).
The Secretary shall make bulk sales of the coins issued under this Act at a reasonable discount.
The Secretary shall accept prepaid orders for the coins minted under this Act before the issuance of the coins.
Sale prices with respect to prepaid orders under paragraph (1) shall be at a reasonable discount.
All sales of coins issued under this Act shall include a surcharge of—
$35 per coin for the $5 gold coin; and
$10 per coin for the $1 silver coin.
Subject to section 5134(f)(1) 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 to the National September 11 Memorial and Museum at the World Trade Center to support the operations and maintenance of the National September 11 Memorial and Museum at the World Trade Center.
The National September 11 Memorial and Museum at the World Trade Center 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).
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 that issuance, the issuance of that coin would result in the number of commemorative coin programs issued during that year to exceed the annual 2 commemorative coin program issuance limitation under section 5112(m)(1) of title 31, United States Code.
The Secretary may issue guidance to carry out this subsection.
The Secretary shall take such actions as may be necessary to ensure that—
minting and issuing coins under this Act result in no net cost to the Federal Government; and
no funds, including applicable surcharges, are disbursed to any recipient designated in section 7(b) 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.