A bill to prohibit the payment of surcharges for commemorative coin programs to private organizations or entities, and for other purposes.
Commemorative Coins Reform Act of 2012 - Prohibits surcharges generated by the sale of any numismatic item or commemorative coin program from being paid to a non-federal organization, except with respect to sales and production costs.
Requires that surcharges be used to recover all numismatic operation and program costs allocable to the program under which a numismatic item is produced and sold.
Requires the transfer of any excess surcharges to the general fund of the Treasury for deficit reduction purposes.
Referred to the Subcommittee on Domestic Monetary Policy and Technology.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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