,,ii  #aagth ,,congress  #ast ,session  
,s4 #bchd  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #bj1     
#bjba,mr4 ,toomey 7for himself1 ,mr4    
,casey1 ,mrs4 ,shaheen1 ,mr4 ,cotton1   
,mrs4 ,capito1 and ,ms4 ,lummis7        
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           
semiquincentennial anniversary of the   
establishment of the ,united ,states4   
#a4 ,short title ,this ,act may be cited
 as the ,semiquincentennial             
,commemorative ,coin ,act4  #b4         
,findings ,the ,congress finds the      
following3 7#a7 ,july #d1 #aggf1 was the
 date on which the unanimous declaration
 of the thirteen ,united ,states of     
,america was passed1 declaring the      
,nation as independent4  7#b7 ,july #d1 
#bjbf1 will mark the #bejth anniversary 
of us declaring our independence4  7#c7 

,it is common practice to celebrate     
moments such as this in the history of  
our country through the minting of a    
commemorative coin4  #c4 ,coin          
specifications  7a7 ,denominations ,the 
,secretary of the ,treasury 7hereafter  
in this ,act referred to as the         
,secretary7 shall mint and issue the    
following coins in commemoration of the 
semiquincentennial anniversary of the   
establishment of the ,united ,states3   
7#a7 #be4jj ,gold ,coins ,not more than 
#ajj1jjj #be4jj coins1 which shall--    
7,a7 weigh #h4cei grams2  7,b7 have a   
diameter of #j4hej inches2 and  7,c7    
contain #ij percent gold and #aj percent
 alloy4  7#b7 #b4ej ,silver ,coins ,not 
more than #ejj1jjj #b4ej coins1 which   
shall-- 7,a7 weigh #bf4gc grams2  7,b7  
have a diameter of #a4ejj inches2 and   
7,c7 contain not less than #ij percent  
silver4  7#c7 #be cent clad coins ,not  
more than #gej1jjj quarter dollar coins1
 which shall-- 7,a7 weigh #e4fg grams2  
7,b7 have a diameter of #j4iee inches2  

and  7,c7 be minted to the              
specifications for quarter dollar coins1
 contained in section #eaab7;b7 of title
 #ca1 ,united ,states ,code4  7#d7      
,proof silver #b4ej coins ,the          
,secretary shall mint and issue not more
 than #ajj1jjj proof silver #b4ej coins1
 each of which shall-- 7,a7 weigh #e    
ounces2  7,b7 have a diameter of #c     
inches2 and  7,c7 contain 4#iii fine    
silver4  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  7d7 ,mintage limit
 exception ,if the ,secretary           
determines1 based on independent1 market
 based research conducted by the        
designated recipient organization       
identified in section #g7;b7 that the   
mintage levels described under this     

subsection are not adequate to meet     
public demand1 the ,secretary may       
increase the mintage levels as the      
,secretary determines is necessary to   
meet public demand4  #d4 ,designs of    
coins  7a7 ,design requirements  7#a7   
,in general ,the designs of the coins   
minted under this ,act shall be         
emblematic of the semiquincentennial    
anniversary of the establishment of the 
,united ,states of ,america and         
celebrate #bej years of our ,nation4    
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 years #aggf-bjbf2 and  7,c7      
inscriptions of the words ,liberty1 ,in 
,god ,we ,trust1 ,united ,states of     
,america1 and ,e ,pluribus ,unum4  7b7  
,selection ,the designs for the coins   
minted under this ,act shall be-- 7#a7  
selected by the ,secretary1 after       
consultation with the                   
,semiquincentennial ,commission1 the    

,america #bej ,foundation1 and the      
,commission of ,fine ,arts2 and  7#b7   
reviewed by the ,citizens ,coinage      
,advisory ,committee4  #e4 ,issuance of 
coins  7a7 ,quality of coins ,coins     
minted under this ,act shall be issued  
in uncirculated and proof qualities4    
7b7 ,mint facilities ,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   
#bjbf1 and ending on ,december #ca1     
#bjbf4  #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 such 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 such 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 as follows3 7#a7 ,a 
surcharge of #ce per coin for the gold  
coins4  7#b7 ,a surcharge of #aj per    
coin for the silver coins4  7#c7 ,a     
surcharge of #e per coin for the quarter
 dollar coins4  7#d7 ,a surcharge of #ej
 per coin for the #b4ej #e ounce proof  
silver coins4  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 to the ,america #bej
 ,foundation to fund the restoration1   
rehabilitation1 and interpretation of   
units of ,america's ,national ,park     
,system and its related areas1 as a     
legacy of the ,united ,states           
,semiquincentennial commemoration4  7c7 
,audits ,the ,america #bej ,foundation  
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  7d7 ,limitation        
,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 such issuance1 the issuance 
of such coin would result in the number 
of commemorative coin programs issued   
during such year to exceed the annual #b
 commemorative coin program issuance    
limitation under section #eaab7m77#a7 of
 title #ca1 ,united ,states ,code4 ,the 
,secretary of the ,treasury 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 #g7;b7  
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