,,ii #aacth ,,congress #b;d ,session ,s4 #bgad ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #ca1 #bjad,mr4 ,blunt 7for himself and ,mrs4 ,mc,caskill7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to require the ,secretary of the ,treasury to mint coins in commemoration of the centennial of ,world ,war ,i4 #a4 ,short title ,this ,act may be cited as the ,world ,war ,i ,american ,veterans ,centennial ,commemorative ,coin ,act4 #b4 ,findings2 purpose 7a7 ,findings ,congress finds that-- 7#a7 the year #bjah is the #ajjth anniversary of the signing of the armistice with ,germany ending ,world ,war ,i battlefield hostilities2 7#b7 on ,april #f1 #aiag1 the ,united ,states entered ,world ,war ,i by declaring war against ,germany2 7#c7 #b1jjj1jjj ,american soldiers served overseas during ,world ,war ,i2 7#d7 more than #d1jjj1jjj men and women from the ,united ,states served in uniform during ,world ,war ,i2 7#e7 the events of #aiad through #aiah shaped the world and the lives of millions of people for decades2 7#f7 more than #i1jjj1jjj soldiers worldwide lost their lives between #aiad and #aiah2 7#g7 the centennial of the involvement of the ,united ,states in ,world ,war ,i offers an opportunity for people in the ,united ,states to commemorate the commitment of their predecessors2 7#h7 ,frank ,buckles1 the last ,american veteran from ,world ,war ,i1 died on ,february #bg1 #bjaa2 7#i7 ,mr4 ,buckles was the last direct ,american link to the war to end all wars2 7#aj7 while other great conflicts1 including the ,civil ,war1 ,world ,war ,,ii1 the ,korean ,war1 and the ,vietnam ,war1 have all been memorialized on ,united ,states commemorative coins1 there currently is no coin to honor the brave veterans of ,world ,war ,i2 and 7#aa7 the #aabth ,congress established the ,world ,war ,i ,centennial ,commission to plan1 develop1 and execute programs1 projects1 and activities to commemorate the centennial of ,world ,war ,i4 7b7 ,purposes ,the purposes of this ,act are to-- 7#a7 commemorate the centennial of the involvement of the ,united ,states in ,world ,war ,i2 and 7#b7 honor the more than #d1jjj1jjj men and women from the ,united ,states who served during ,world ,war ,i4 #c4 ,coin specifications 7a7 #a silver coins ,the ,secretary of the ,treasury 7hereafter in this ,act referred to as the ,secretary7 shall mint and issue not more than #cej1jjj #a coins to commemorate the centennial of the involvement of the ,united ,states in ,world ,war ,i1 each of which shall-- 7#a7 weigh #bf4gc grams2 7#b7 have a diameter of #a4ejj inches2 and 7#c7 contain #ij percent silver and #aj percent copper4 7b7 ,legal tender ,the coins minted under this ,act shall be legal tender1 as provided in section #eajc of title #ca1 ,united ,states ,code4 7c7 ,numismatic items ,for purposes of sections #eacd and #eacf of title #ca1 ,united ,states ,code1 all coins minted under this ,act shall be considered to be numismatic items4 #d4 ,design of coins 7a7 ,design requirements 7#a7 ,in general ,the design of the coins minted under this ,act shall be emblematic of the centennial of the involvement of the ,united ,states in ,world ,war ,i4 7#b7 ,designation and inscriptions ,on each coin minted under this ,act1 there shall be-- 7,a7 a designation of the value of the coin2 7,b7 an inscription of the year #bjah2 and 7,c7 inscriptions of the words ,liberty1 ,in ,god ,we ,trust1 ,united ,states of ,america1 and ,e ,pluribus ,unum4 7b7 ,selection ,the design for the coins minted under this ,act shall be selected by the ,secretary based on the winning design from a design competition described in subsection 7c74 7c7 ,design competition 7#a7 ,in general ,the ,secretary shall hold a competition and provide compensation for the winner of the contest to design the obverse and reverse of the coins minted under this ,act4 7#b7 ,manner of competition ,the competition required by this subsection shall be held in the following manner3 7,a7 ,the competition shall be judged by an expert jury-- 7i7 chaired by the ,secretary2 and 7ii7 consisting of-- 7,i7 #c members from the ,citizens ,coinage ,advisory ,committee1 who shall be elected by the ,committee2 and 7,,ii7 #c members from the ,commission of ,fine ,arts1 who shall be elected by the ,commission4 7,b7 ,the ,secretary shall determine compensation for the winning design1 which shall be not less than #e1jjj4 7,c7 ,the ,secretary may not accept a design for the competition unless a plaster model accompanies the design4 #e4 ,issuance of coins 7a7 ,quality of coins ,coins minted under this ,act shall be issued in uncirculated and proof qualities4 7b7 ,mint facility ,only #a facility of the ,united ,states ,mint may be used to strike any particular quality of the coins minted under this ,act4 7c7 ,period for issuance ,the ,secretary may issue coins under this ,act only during the period beginning on ,january #a1 #bjah1 and ending on ,december #ca1 #bjah4 #f4 ,sale of coins 7a7 ,sale price ,the coins issued under this ,act shall be sold by the ,secretary at a price equal to the sum of-- 7#a7 the face value of the coins2 7#b7 the surcharge provided in section #g7;a7 with respect to the coins2 and 7#c7 the cost of designing and issuing the coins 7including labor1 materials1 dies1 use of machinery1 overhead expenses1 marketing1 and shipping74 7b7 ,bulk sales ,the ,secretary shall make bulk sales of the coins issued under this ,act at a reasonable discount4 7c7 ,prepaid orders 7#a7 ,in general ,the ,secretary shall accept prepaid orders for the coins minted under this ,act before the issuance of the coins4 7#b7 ,discount ,sale prices with respect to prepaid orders under paragraph 7#a7 shall be at a reasonable discount4 #g4 ,surcharges 7a7 ,in general ,all sales of coins issued under this ,act shall include a surcharge of #aj per coin4 7b7 ,distribution ,subject to section #eacd7;f7 of title #ca1 ,united ,states ,code1 all surcharges received by the ,secretary from the sale of coins issued under this ,act shall be paid by the ,secretary to the ,world ,war ,i ,centennial ,commission1 consistent with section #h4 7c7 ,unused funds upon termination ,if1 upon the termination of the ,world ,war ,i ,centennial ,commission1 there remains a balance of funds from surcharges received from the ,secretary pursuant to this section1 the ,commission shall transfer the funds to the general fund of the ,treasury4 7d7 ,audits ,the ,world ,war ,i ,commission shall be subject to the audit requirements of section #eacd7;f77#b7 of title #ca1 ,united ,states ,code1 with regard to the amounts received under subsection 7b74 7e7 ,limitation 7#a7 ,in general ,notwithstanding subsection 7a71 no surcharge may be included with respect to the issuance under this ,act of any coin during a calendar year if1 as of the time of the issuance1 the issuance of the coin would result in the number of commemorative coin programs issued during the calendar year to exceed the annual #b commemorative coin program issuance limitation under section #eaab7m77#a7 of title #ca1 ,united ,states ,code4 7#b7 ,guidance ,the ,secretary may issue guidance to carry out this subsection4 #h4 ,financial assurances ,the ,secretary shall take such actions as may be necessary to ensure that-- 7#a7 minting and issuing coins under this ,act will not result in any net cost to the ,united ,states ,government2 and 7#b7 no funds1 including applicable surcharges1 shall be disbursed to any recipient designated in section #g until the total cost of designing and issuing all of the coins authorized by this ,act 7including labor1 materials1 dies1 use of machinery1 overhead expenses1 marketing1 and shipping7 is recovered by the ,united ,states ,treasury1 consistent with sections #eaab7m7 and #eacd7;f7 of title #ca1 ,united ,states ,code4