Commemorative Works Act

Commemorative Works Act - Extends the authorization of the following entities to establish a memorial on Federal land in the District of Columbia to: (1) October 27, 1996, for the Black Revolutionary War Patriots; (2) November 6, 1999, for the Women in Military Service for America Memorial Foundation; and (3) June 30, 1997, for the National Peace Garden.

Deems any reference in a record of the United States to the Peace Garden Project, Inc., to be a reference to the National Peace Garden.

Changes the definition of "commemorative works" to include a plaque or inscription. Requires such works to be significant in American history (currently, history). Defines "person" to mean a public agency, an individual, group, or organization that is tax-exempt.

Prohibits commemorative works from being established on Federal lands administered by the National Park Service and the General Services Administration located in Areas I and II in the District of Columbia or its environs without congressional authorization.

Authorizes a military commemorative work only to honor a major conflict (war) or military branch. Prohibits the authorization of a commemorative work that honors a lesser conflict or an armed forces unit. Provides that commemorative works honoring: (1) a major conflict (war) shall not be authorized until at least ten years after the officially designated end of the event; and (2) a nonmilitary event, individual, or group of individuals shall not be authorized until after the 25th anniversary of the event or death of the individual(s).

Authorizes the Secretary of the Interior or the Administrator of General Services (as appropriate) to suspend any activity with respect to the establishment of a commemorative work if the Secretary or Administrator determines the fund raising efforts regarding the commemorative work have misrepresented an affiliation with the commemorative work or the United States.

Requires a person authorized to construct the commemorative work to submit annually to the Secretary and the Administrator an operations report, including financial statements audited by an independent certified public accountant, paid for by the individual.