,i #aac? ,,congress #a/ ,session ,h4 ,r4 #bece ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,june #bg1 #bjac ,mr4 ,b>r 7= himself1 ,mr4 ,loebsack1 ,mr4 ,/iv]s1 ,mr4 ,mead[s1 & ,mr4 ,yoho7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to cause increas$ seigniorage = ! ,unit$ ,/ates ,m9t lead+ to enhanc$ rev5ue to ! ,treasury & increas$ (fsets to annual budget deficits 9 p]petuity1 to require ! ,secret>y ( ! ,treasury to m9t & issue co9s commemorat+ & celebrat+ ,am]ican ,lib]ty1 ,! ,union1 & ! ,am]ican values & attributes ( fre$om1 indep5d5ce1 civil gov]nance1 enlight5m5t1 peace1 /r5g?1 equality1 democracy1 & ju/ice1 to provide = ! cont9u$ & concurr5t production & di/ribution ( exi/+ presid5tially-!m$ circulat+ & numismatic co9age designs1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,am]ican ,lib]ty ,co9age & ,deficit ,r$uction ,act ( #bjac4 #b4 ,f9d+s ,! ,congress f9ds z foll[s3 7#a7 ,! #ej ,/ate ,qu>t]s ,program %[$ t a circulat+ commemorative co9age program t incorporates recurr+ design *ange dramatically increases seigniorage--! pr(it realiz$ by ! ,m9t f ! am\nt t ! face value ( co9s produc$ by ! ,m9t exce$s ! co/s ( production & di/ribution4 7#b7 ,pursuant to ! ,presid5t's #aifg ,commission on ,budget ,concepts1 seigniorage proce$s are us$ to r$uce ! am\nt ! gov]nm5t w\ld o!rwise borr[ f ! public to f9ance ! budget deficit4 ,?us1 programs t increase seigniorage provide a means to r$uce ! budget deficit )\t increas+ taxes or cutt+ sp5d+4 7#c7 ,dur+ ! #aj ye>s ( ! #ej ,/ate ,qu>t]s ,program1 ! cumulative production ( qu>t] doll>s exce$$ #cd1jjj1jjj1jjj1 repres5t+ a #acf p]c5t increase 9 qu>t] doll> production z comp>$ to ! cumulative #aj-ye> p]iod imm$iately prec$+ ! program4 ,?is enhanc$ production level ( qu>t] doll>s result$ 9 increas$ seigniorage rev5ues ( approximately #c1jjj1jjj1jjj &1 !re=e1 an equal r$uction 9 ! budget deficit4 7#d7 ,! ,m9t has e/imat$ t #adg1jjj1jjj ,am]icans became collectors ( #ej ,/ate qu>t]s1 demon/rat+ t ! dem& = circulat+ co9s--= purposes beyond ! ne$s ( comm]ce--increases significantly :5 frequ5t & sy/ematic design *anges are made ?r\gh a multiye> commemorative design s]ies4 7#e7 ,simil> to ! collector int]e/ & result+ seigniorage g5]at$ by ! #ej ,/ate ,qu>t]s ,program1 ! ,we/w>d ,j\rney ,nickel ,program1 :i* issu$ a s]ies ( #e-;c5t co9s betwe5 #bjjd & #bjjf be>+ new obv]se & rev]se designs commemorat+ ! #bjj? anniv]s>y ( ! ,lewis & ,cl>k ,exp$ition & honor+ ,presid5t ,?omas ,jeff]son1 saw av]age annual nickel production increase by #eic1bjj1jjj units z comp>$ to nickel production dur+ ! #b ye>s imm$iately prec$+ ! program & ! #b ye>s imm$iately foll[+ x4 7#f7 ,f ! e>ly #agijs ?r\gh ! e>ly to mid #bj? c5tury1 allegorical depictions ( ,lib]ty dom9at$ ! designs ( circulat+ ,unit$ ,/ates co9s4 ,co9age f ?is "t p]iod s]v$ z a con/ant rem9d] to ,am]icans & ! _w ( a def9+ & di/9ctive value ( ,am]ican life & culture--,lib]ty4 ,^! co9s also provid$ "s ( ! mo/ inspir+1 uplift+1 & beautiful co9 designs ev] creat$4 ,9 numismatics1 ,lib]ty !m$ co9s are among ! mo/ s\ght aft] collectibles4 7#g7 ,giv5 ! pot5tial t a new s]ies ( ,lib]ty co9s w\ld be highly collectible1 if produc$1 su* a program w\ld likely provide ! means ?r\gh :i* to significantly increase seigniorage !reby r$uc+ budget deficits4 7#h7 ,a new ,lib]ty !m$ co9age s]ies w\ld all[ ! ,nation to cont9ue to honor ! pa/ presid5ts curr5tly depict$ on ,unit$ ,/ates co9s by provid+ = ! cont9u$ & concurr5t production & di/ribution ( su* co9s annually along ) ! new ,lib]ty co9s4 7#i7 ,a new ,lib]ty !m$ co9age s]ies w\ld revitalize ! design ( ,unit$ ,/ates co9age & return circulat+ co9age to its position z n only a necess>y means ( ex*ange 9 comm]ce b also z an object ( ae/hetic beauty & symbol ( core ,am]ican values4 7#aj7 ,9 ord] to increase ! seigniorage produc$ by ! ,unit$ ,/ates ,m9t !reby r$uc+ deficits to be f9anc$ by ! ,unit$ ,/ates x is appropriate to introduce a new s]ies ( circulat+ commemorative ,lib]ty !m$ co9s t w\ld alt]nate annually betwe5 ! dime & qu>t] doll> z #a-ye> issues4 ,additionally1 introduction ( a new ,lib]ty !m$ half doll> produc$ = noncirculat+ numismatic purposes w\ld fur!r enhance seigniorage4 7#aa7 ,beg9n+ 9 #bjae1 ! ,act provides = ! introduction ( a #a-ye> circulat+ commemorative ,lib]ty !m$ dime t w\ld be produc$ & di/ribut$ concurr5tly ) ! exi/+ dime depict+ ! image ( ,presid5t ,frankl9 ,d4 ,roosevelt4 ,aft] #bjae1 ! image ( ,presid5t ,roosevelt w\ld cont9ue to be utiliz$ on ! /&>d issue circulat+ dime4 ,subsequ5tly1 9 #bjaf1 ! ,act provides = ! introduction ( a #a-ye> circulat+ commemorative ,lib]ty !m$ qu>t] doll> t w\ld be produc$ & di/ribut$ concurr5tly ) ! exi/+ qu>t] doll> depict+ ! image ( ,presid5t ,george ,wa%+ton4 ,! ,wa%+ton design w\ld cont9ue to be us$ 9 future ye>s4 ,9 #bjag1 ! process w\ld beg9 aga9 ) ! introduction ( a new #a-ye> ,lib]ty !m$ dime1 be>+ a new ,lib]ty design t w\ld be co-issu$ alongside ! regul> issue ,roosevelt ,dime4 ,9 #bjah1 a new #a-ye> ,lib]ty !m$ qu>t] w\ld be co-issu$ & ! process w\ld cont9ue on a p]petual basis into future ye>s4 7#ab7 ,sequ5c+ a new ,lib]ty design ea* ye> is an important aspect ( ! program design$ to cont9ually r5ew collector int]e/ &1 !re=e1 promote dem& = ! co9s 9 a mann] to maximize seigniorage realiz$ by ! ,unit$ ,/ates ,m9t4 7#ac7 ,a ,lib]ty !m$ program w\ld also include a new ,lib]ty half doll> be>+ a design to be utiliz$ = a #aj-ye> t]m1 to be issu$ z an ongo+ annual noncirculat+ numismatic collector's s]ies4 ,! ,lib]ty half doll> w\ld be issu$ along ) ! noncirculat+ ,k5n$y half doll>4 ,at ! end ( ea* #aj-ye> t]m1 a new ,lib]ty design w\ld be implem5t$ ) designs cont9u+ !reaft] 9 a recurr+ #aj-ye> cycle4 7#ad7 ,provid+ collectors ) a new ,lib]ty half doll> s]ies w provide an increase 9 ! ,m9t's numismatic pr(its & bol/] ! objectives ( ! program to annually r$uce budget deficits4 7#ae7 ,a s]ies ( circulat+ commemorative ,lib]ty !m$ co9s w provide a new plat=m = ! advancem5t ( ,am]ican m$allic art ?r\gh a m$ium :]e ,am]icans commonly enc\nt] public art--! ,nation's pocket *ange4 #c4 ,am]ican ,lib]ty ,co9 ,program 7a7 ,program cont+5t on deficit r$uction 7#a7 ,det]m9ation ,! ,secret>y ( ! ,treasury %all c>ry out a /udy on ! e/imat$ effect ( ! am5dm5t made by subsection 7b7 on ! ,f$]al budget deficit ov] ! #aj-ye> p]iod beg9n+ on ,janu>y #a1 #bjae4 7#b7 ,report ,n lat] ?an ! end ( ! #ij-;day p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y %all issue a report to ! ,congress conta9+ ! e/imate det]m9$ "u p>agraph 7#a7 & an explanation ( h[ su* e/imate 0 calculat$4 7#c7 ,effective date ,! am5dm5t made by subsection 7b7 %all take effect on ! e>li] (-- 7,a7 ! date t ! report is issu$ "u p>agraph 7#b71 if ! ,secret>y det]m9es 9 su* report t ! effect on ! ,f$]al budget deficit ov] ! #aj-ye> p]iod beg9n+ on ,janu>y #a1 #bjae1 w lead to a r$uction 9 ! deficit ov] su* p]iod ( #ajj1jjj1jjj or m2 & 7,b7 ! end ( ! #ia-;day p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 if ! ,secret>y fails to make ! report "u p>agraph 7#b7 )9 ! requir$ #ij-;day p]iod4 7b7 ,program ,section #eaab ( title #ca1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 7w7 ,issuance ( circulat+ dime & qu>t] doll> co9s & numismatic half doll> co9s commemorat+ & celebrat+ ,am]ican lib]ty1 ! ,union1 & ! ,am]ican values & attributes ( fre$om1 indep5d5ce1 civil gov]nance1 enlight5m5t1 peace1 /r5g?1 equality1 democracy1 & ju/ice 7#a7 ,dime co9s 7,a7 ,9 g5]al ,! ,secret>y %all m9t & issue dime co9s 9 cal5d> ye> #bjae1 & e second ye> !reaft]1 t-- 7i7 h obv]se designs t are emblematic & allegoric ( ! concept ( ,am]ican ,lib]ty2 & 7ii7 h rev]se designs t-- 7,i7 depict an ,am]ican bald eagle2 7,,ii7 depict a fasces emblematic ( civil gov]nance2 7,,iii7 depict ! tor* ( k2 7,,iv7 are emblematic & allegoric ( ,! ,union2 or 7,v7 depict "o or m ( ! ,am]ican values & attributes ( fre$om1 indep5d5ce1 peace1 /r5g?1 equality1 democracy1 & ju/ice4 7,b7 ,quantity ( issuance ,) respect to a cal5d> ye> 9 :i* dime co9s are issu$ pursuant to subp>agraph 7,a71 ! ,secret>y %all ensure t1 ( ! total numb] ( dime co9s issu$ 9 su* cal5d> ye>1 n less ?an #dj p]c5t & n m ?an #ej p]c5t ( su* co9s are made up ( dime co9s issu$ pursuant to subp>agraph 7,a74 7#b7 ,qu>t] doll> co9s 7,a7 ,9 g5]al ,! ,secret>y %all m9t & issue qu>t] doll> co9s 9 cal5d> ye> #bjaf1 & e second ye> !reaft]1 t-- 7i7 h obv]se designs t are emblematic & allegoric ( ! concept ( ,am]ican ,lib]ty2 & 7ii7 h rev]se designs t-- 7,i7 depict an ,am]ican bald eagle2 7,,ii7 depict a fasces emblematic ( civil gov]nance2 7,,iii7 depict ! tor* ( k2 7,,iv7 are emblematic & allegoric ( ,! ,union2 or 7,v7 depict "o or m ( ! ,am]ican values & attributes ( fre$om1 indep5d5ce1 peace1 /r5g?1 equality1 democracy1 & ju/ice4 7,b7 ,quantity ( issuance ,) respect to a cal5d> ye> 9 :i* qu>t] doll> co9s are issu$ pursuant to subp>agraph 7,a71 ! ,secret>y %all ensure t1 ( ! total numb] ( qu>t] doll> co9s issu$ 9 su* cal5d> ye>1 n less ?an #dj p]c5t & n m ?an #ej p]c5t ( su* co9s are made up ( qu>t] doll> co9s issu$ pursuant to subp>agraph 7,a74 7#c7 ,half doll> co9s 7,a7 ,9 g5]al ,! ,secret>y %all m9t & issue half doll> co9s 9 cal5d> ye> #bjae1 & e ye> !reaft]1 ) designs t %all be *ang$ e #aj ye>s1 t-- 7i7 h obv]se designs t are emblematic & allegoric ( ! concept ( ,am]ican ,lib]ty2 & 7ii7 h rev]se designs t-- 7,i7 depict an ,am]ican bald eagle2 7,,ii7 depict a fasces emblematic ( civil gov]nance2 7,,iii7 depict ! tor* ( k2 7,,iv7 are emblematic & allegoric ( ,! ,union2 or 7,v7 depict "o or m ( ! ,am]ican values & attributes ( fre$om1 indep5d5ce1 peace1 /r5g?1 equality1 democracy1 & ju/ice4 7,b7 ,consid]ation ( ,lib]ty m9i doll> ,! #aigg ,lib]ty m9i doll> design prep>$ by =m] ,unit$ ,/ates ,*ief ,sculptor & ,engrav] ,frank ,gasp>ro %all be consid]$ along ) o!r pot5tial designs = half doll> co9s issu$ "u ?is p>agraph4 7,c7 ,quantity ( issuance ,) respect to a cal5d> ye>1 ! ,secret>y %all ensure t1 ( ! total numb] ( half doll> co9s issu$ 9 su* cal5d> ye>1 n less ?an #dj p]c5t & n m ?an #ej p]c5t ( su* co9s are made up ( half doll> co9s issu$ pursuant to subp>agraph 7,a74 7#d7 ,design requirem5ts ,! co9s issu$ 9 accordance ) p>agraphs 7#a71 7#b71 & 7#c7 %all meet ! foll[+ design requirem5ts3 7,a7 ,co9 obv]se ,! design on ! obv]se %all-- 7i7 be *os5 by ! ,secret>y1 aft] consultation ) ! ,commission ( ,f9e ,arts & review by ! ,citiz5s ,co9age ,advisory ,committee2 7ii7 conta9 ! inscriptions ,lib]ty & ,9 ,god ,we ,tru/2 & 7iii7 conta9 ! inscription ( ! ye> ( m9t+ & issuance ( ! co94 7,b7 ,co9 rev]se ,! design on ! rev]se %all-- 7i7 be *os5 by ! ,secret>y1 aft] consultation ) ! ,commission ( ,f9e ,arts & review by ! ,citiz5s ,co9age ,advisory ,committee2 7ii7 conta9 ! inscription ,unit$ ,/ates ( ,am]ica & ,e ,pluribus ,unum2 & 7iii7 conta9 a designation ( ! value ( ! co94 7,c7 ,selection & approval process ,designs = co9s issu$ pursuant to ?is subsection may be submitt$ 9 accordance ) ! design selection & approval process develop$ by ! ,secret>y 9 ! sole discretion ( ! ,secret>y4 7,d7 ,p>ticipation ,! ,secret>y may include p>ticipation by arti/s f ! ,/ates & engrav]s ( ! ,unit$ ,/ates ,m9t4 7#e7 ,issuance ( numismatic co9s ,! ,secret>y may m9t & issue su* numb] ( co9s ( ea* design select$ "u ?is subsection 9 uncirculat$ & pro( qualities z ! ,secret>y det]m9es to be appropriate4 ,to assure availability ( dimes & qu>t] doll>s m9t$ & issu$ "u ?is subsection 9 uncirculat$ qualities = numismatic purposes1 a portion ( any su* co9s %all be (f]$ 9 rolls & bags at face value plus issuance co/s4 7#f7 ,silv] co9s 7,a7 ,9 g5]al ,not)/&+ subsection 7b71 ! ,secret>y may m9t & issue su* numb] ( dimes1 qu>t] doll> co9s1 & half doll> co9s ( ea* design select$ "u ?is subsection z ! ,secret>y det]m9es to be appropriate1 ) a cont5t ( 4#iii f9e silv]4 7,b7 ,s\rces ( bullion ,! ,secret>y %all obta9 silv] = m9t+ co9s "u ?is p>agraph f available res\rces1 includ+ /ockpiles e/abli%$ "u ! ,/rategic & ,critical ,mat]ials ,/ock ,pil+ ,act4 4