United States Marine Corps Commemorative Korean War Coin Act

United States Marine Corps Commemorative Korean War Coin Act - Provides for the minting of ten-dollar gold coins and one-dollar silver coins emblematic of the Marine Corps landing at Inchon during the Korean War. Authorizes the Secretary of the Treasury to issue such coins beginning January 1, 2001.

[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2663 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 2663

To require the Secretary of the Treasury to mint coins in commemoration 
   of the fiftieth anniversary of the Korean War to honor the United 
                   States Marine Corps participation.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 30, 1999

  Mr. Murtha introduced the following bill; which was referred to the 
              Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
To require the Secretary of the Treasury to mint coins in commemoration 
   of the fiftieth anniversary of the Korean War to honor the United 
                   States Marine Corps participation.

    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 ``United States Marine Corps 
Commemorative Korean War Coin Act''.

SEC. 2. COIN SPECIFICATIONS.

    (a) $10 Gold Coins.--Not more than 100,000 $10 coins, each of which 
shall--
            (1) weigh 16.718 grams;
            (2) have a diameter of 1.06 inches; and
            (3) contain 90 percent gold and 10 percent alloy.
    (b) $1 Silver Coins.--Not more than 500,000 $1 coins, each of which 
shall--
            (1) weigh 26.73 grams;
            (2) have a diameter of 1.500 inches; and
            (3) contain 90 percent silver and 10 percent copper.
    (c) Legal Tender.--The coins minted under this Act shall be legal 
tender, as provided in section 5103 of title 31, United States Code.
    (d) Numismatic Items.--For purposes of section 5136 of title 31, 
United States Code, all coins minted under this Act shall be considered 
to be numismatic items.

SEC. 3. SOURCES OF BULLION.

    The Secretary may obtain silver for minting coins under this Act 
from any available source, including stockpiles established under the 
Strategic and Critical Materials Stock Piling Act.

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 Marine Corps Landing at Inchon 
        during the Korean War.
            (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 ``2001''; 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 consultation with the 
        Marine Corps Foundation and the Commission of Fine Arts; and
            (2) reviewed by the Citizens Commemorative Coin 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) Commencement of Issuance.--The Secretary may issue coins minted 
under this Act beginning January 1, 2001.
    (d) Termination of Minting Authority.--No coins may be minted under 
this Act after December 31, 2001.

SEC. 6. NO SURCHARGES AUTHORIZED.

    No surcharge may be included in the cost of any coin issued under 
this Act.

SEC. 7. GENERAL WAIVER OF PROCUREMENT REGULATIONS.

    (a) In General.--Except as provided in subsection (b), no provision 
of law governing procurement or public contracts shall be applicable to 
the procurement of goods and services necessary for carrying out the 
provisions of this Act.
    (b) Equal Employment Opportunity.--Subsection (a) shall not relieve 
any person entering into a contract under the authority of this Act 
from complying with any law relating to equal employment opportunity.
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