Milton Friedman Congressional Gold Medal Act

Milton Friedman Congressional Gold Medal Act - Authorizes the President to present, on behalf of the Congress, a gold medal to Milton Friedman in recognition of his outstanding and enduring contributions to individual freedom and opportunity in American society through his exhaustive research and teaching of economics and his extensive writings on economics and public policy.

Authorizes the Secretary of the Treasury to strike and sell bronze duplicates of such national medal. Requires proceeds to be deposited in the United States Mint Public Enterprise Fund.

[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 1971 Considered and Passed Senate (CPS)]







106th CONGRESS
  1st Session
                                S. 1971

   To authorize the President to award a gold medal on behalf of the 
  Congress to Milton Friedman, in recognition of his outstanding and 
    enduring contributions to individual freedom and opportunity in 
   American society through his exhaustive research and teaching of 
 economics, and his extensive writings on economics and public policy.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 19, 1999

  Mr. Gramm (for himself, Mr. Abraham, Mr. Allard, Mr. Ashcroft, Mr. 
 Bayh, Mr. Bennett, Mr. Biden, Mr. Bond, Mr. Brownback, Mr. Bryan, Mr. 
Bunning, Mr. Burns, Mr. Campbell, Mr. Chafee, Mr. Cochran, Ms. Collins, 
Mr. Coverdell, Mr. Craig, Mr. Crapo, Mr. Daschle, Mr. DeWine, Mr. Dodd, 
 Mr. Domenici, Mr. Durbin, Mr. Enzi, Mr. Feingold, Mr. Fitzgerald, Mr. 
 Grams, Mr. Grassley, Mr. Gregg, Mr. Hagel, Mr. Hatch, Mr. Helms, Mr. 
 Hutchinson, Mrs. Hutchison, Mr. Inhofe, Mr. Jeffords, Mr. Kerrey, Mr. 
Kerry, Mr. Kyl, Ms. Landrieu, Mr. Leahy, Mr. Lott, Mr. Lugar, Mr. Mack, 
  Mr. McConnell, Mr. Murkowski, Mr. Nickles, Mr. Reed, Mr. Reid, Mr. 
Roberts, Mr. Roth, Mr. Santorum, Mr. Schumer, Mr. Sessions, Mr. Shelby, 
    Mr. Smith of New Hampshire, Mr. Smith of Oregon, Ms. Snowe, Mr. 
   Specter, Mr. Stevens, Mr. Thomas, Mr. Thompson, Mr. Thurmond, Mr. 
  Voinovich, Mr. Warner, Mr. Wellstone, Mr. Wyden, Mr. Frist, and Mr. 
   Moynihan) introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

                           November 19, 1999

   Committee discharged; read the third time, considered, and passed

_______________________________________________________________________

                                 A BILL


 
   To authorize the President to award a gold medal on behalf of the 
  Congress to Milton Friedman, in recognition of his outstanding and 
    enduring contributions to individual freedom and opportunity in 
   American society through his exhaustive research and teaching of 
 economics, and his extensive writings on economics and public policy.

    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 ``Milton Friedman Congressional Gold 
Medal Act''.

SEC. 2. FINDINGS.

    The Congress finds that--
            (1) Milton Friedman, born July 31, 1912 in New York, New 
        York, is acclaimed as one of the great original thinkers of 
        this century;
            (2) Milton Friedman is a living American success story in 
        rising from poverty in an immigrant family to realize the 
        American dream;
            (3) Milton Friedman is the world's most renowned economist;
            (4) Milton Friedman was awarded the Nobel Memorial Prize 
        for Economic Service in 1976;
            (5) Milton Friedman is a Paul Snowden Russell Distinguished 
        Service Professor Emeritus of Economics at the University of 
        Chicago, where he taught from 1946 to 1976, and where he is 
        widely regarded as the leader of the Chicago school of monetary 
        economics;
            (6) Milton Friedman has been a senior research fellow at 
        the Hoover Institute since 1977, and a member of the research 
        staff of the National Bureau of Economic Research from 1937 to 
        1981;
            (7) Milton Friedman has selflessly served his country on 
        several occasions, serving as an informal economic advisor to 
        Presidents Richard Nixon and Ronald Reagan;
            (8) Milton Friedman has been awarded honorary degrees by 
        universities in the United States, Japan, Israel, and 
        Guatemala, as well as the Grand Cordon of the First Class Order 
        of the Sacred Treasure by the Japanese government in 1986; and
            (9) Milton Friedman is known throughout the world as a 
        champion of freedom, opportunity, free markets, and capitalism.

SEC. 3. CONGRESSIONAL GOLD MEDAL.

    (a) Presentation Authorized.--The President is authorized to 
present, on behalf of the Congress, a gold medal of appropriate design 
to Milton Friedman in recognition of his outstanding and enduring 
contributions to individual freedom and opportunity in American society 
through his exhaustive research and teaching of economics, and his 
extensive writings on economics and public policy.
    (b) Design and Striking.--For the purposes of the award referred to 
in subsection (a), the Secretary of the Treasury (hereafter in this Act 
referred to as the ``Secretary'') shall strike a gold medal with 
suitable emblems, devices, and inscriptions, to be determined by the 
Secretary.

SEC. 4. DUPLICATE MEDALS.

    The Secretary may strike and sell duplicates in bronze of the gold 
medal struck pursuant to section 3, under such regulations as the 
Secretary may prescribe, and at a price sufficient to cover the costs 
thereof, including labor, materials, dies, use of machinery, and 
overhead expenses, and the cost of the gold medal.

SEC. 5. STATUS AS NATIONAL MEDALS.

    The medals struck pursuant to this Act are national medals for 
purposes of chapter 51 of title 31, United States Code.

SEC. 6. FUNDING.

    (a) Authority To Use Fund Amounts.--There is authorized to be 
charged against the United States Mint Public Enterprise Fund an amount 
not to exceed $30,000 to pay for the cost of the medals authorized by 
this Act.
    (b) Proceeds of Sale.--Amounts received from the sale of duplicate 
bronze medals under section 4 shall be deposited in the United States 
Mint Public Enterprise Fund.
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