,i  #aahth ,,congress  #ast ,session    
,h4 ,r4 #bhjh  ,,in ,,the ,,house ,,of  
,,representatives  ,april #bd1 #bjbc,mr4
 ,reschenthaler introduced the following
 bill2 which was referred to the        
,committee on ,financial ,services  ,a  
,,bill  ,to require the ,secretary of   
the ,treasury to mint commemorative     
coins in recognition of ,arnold ,daniel 
,palmer4  #a4 ,short title ,this ,act   
may be cited as the ,arnold ,daniel     
,palmer ,commemorative ,coin ,act4  #b4 
,findings ,the ,congress finds the      
following3 7#a7 ,on ,september #aj1     
#aibi1 ,arnold ,palmer was born in      
,latrobe1 ,pennsylvania1 and graduated  
from ,greater ,latrobe ,high ,school in 
#aidg4  7#b7 ,in #aidh1 ,arnold ,palmer 
enrolled at ,wake ,forest ,college and  
was the ,tournament medalist at the     
,,ncaa ,golf ,championships in #aidi and
 #aiej4 ,following a tragic death       
suffered by his close friend and        
classmate1 ,buddy ,worsham1 ,arnold     
,palmer withdrew from ,wake ,forest     

,college to pursue a three-year stint in
 the ,u4,s4 ,coast ,guard4  7#c7 ,in    
#aiea1 ,arnold ,palmer attended ,united 
,states ,coast ,guard recruit training  
at ,cape ,may1 ,new ,jersey4 ,there1 he 
was assigned the role of physical       
fitness and self-defense instructor4 ,he
 would go on to serve three years in the
 ,coast ,guard as a yeoman for ,rear    
,admiral ,roy ,l4 ,raney1 ,commander of 
the #ith ,coast ,guard ,district        
,auxiliary in ,cleveland1 ,ohio4  7#d7  
,arnold ,palmer credited his successful 
golf career to his enlisted service1    
stating3 ,the knowledge that ,i gained1 
the maturity that ,i gained in the      
,coast ,guard was unbelievable ''' ,it  
matured me4 ,it made me a better person4
  7#e7 ,on ,june #bc1 #bjjd1 ,arnold    
,palmer was the first golfer to be      
awarded the ,presidential ,medal of     
,freedom1 and on ,september #ab1 #bjab1 
,arnold ,palmer was presented with the  
,congressional ,gold ,medal in the      
rotunda of the ,united ,states ,capitol4

 ,he is the first professional athlete  
to be awarded both the ,presidential    
,medal of ,freedom and the              
,congressional ,gold ,medal4  7#f7 ,in  
his professional golf career1 ,arnold   
,palmer won #ib championships in        
professional competition of national or 
international stature1 #fb of which were
 on the ,professional ,golf ,association
 ,tour4 ,arnold ,palmer received many   
honors outside the sporting world1      
including the ,patriot ,award of the    
,congressional ,medal of ,honor         
,society1 the ,golden ,plate ,award of  
the ,american ,academy of ,achievement1 
and the ,united ,states ,navy ,memorial 
,lone ,sailor ,award4 ,arnold ,palmer   
served for #bj years as the honorary    
national chairman of the ,march of      
,dimes ,birth ,defects ,foundation4     
7#g7 ,on ,september #cj1 #bjji1         
,congress authorized the ,arnold ,palmer
 ,bronze ,medal and it was presented to 
him on ,september #ab1 #bjab4  7#h7     
,arnold ,palmer1 the son of a country   

club employee in ,latrobe1              
,pennsylvania1 brought golf to people   
around the world4 ,today1 driven by the 
generosity of ,arnie's ,army1 the       
,arnold  ,winnie ,palmer ,foundation    
carries on a pioneering tradition of    
charity1 service1 and doing right by    
others4  7#i7 ,the ,arnold  ,winnie     
,palmer ,foundation continues the       
,palmers' mission to champion youth     
health and development4 ,by continuing  
their efforts to ensure every child gets
 the opportunity to live a life well    
played--by supporting nature-focused    
well-being and character development    
through golf--the ,palmer ,foundation is
 committed to keeping the ,palmer legacy
 at the forefront of the global         
conversation on golf and society at     
large4  #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   
recognition and celebration of ,arnold  

,palmer3 7#a7 #e gold coins ,not more   
than #ej1jjj #e coins1 which shall--    
7,a7 weigh #h4cei grams2  7,b7 have a   
diameter of #j4hej inches2 and  7,c7    
contain not less than #ij-percent gold4 
7#b7 #a silver coins ,not more than     
#djj1jjj #a 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 ,half-dollar clad coins   
,not more than #gej1jjj half-dollar     
coins which shall-- 7,a7 weigh #aa4cd   
grams2  7,b7 have a diameter of #a4bje  
inches2 and  7,c7 be minted to the      
specifications for half-dollar coins    
contained in section #eaab7;b7 of title 
#ca1 ,united ,states ,code4  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 ,designs of coins  7a7      
,design requirements  7#a7 ,in general  
,the designs for the coins minted under 
this ,act shall be emblematic of ,arnold
 ,palmer and his life and               
accomplishments4 ,at least one obverse  
design shall bear the image of ,arnold  
,palmer4  7#b7 ,designations and        
inscriptions ,on each coin minted under 
this ,act1 there shall be-- 7,a7 a      
designation of the denomination of the  
coin2  7,b7 an inscription of the year  
#bjbi2 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 
,arnold  ,winnie ,palmer ,foundation and
 ,commission of the ,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 ,period for issuance ,the ,secretary
 may issue coins minted under this ,act 
only during the calendar year beginning 
on ,january #a1 #bjbi4  #f4 ,sale of    
coins  7a7 ,sale price ,the coins issued
 under this ,act shall be sold by the   
,secretary at a price based upon 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 minted under this ,act shall   
include a surcharge as follows3 7#a7 ,a 
surcharge of #ce per coin for the #e    
coin4  7#b7 ,a surcharge of #aj per coin
 for the #a coin4  7#c7 ,a surcharge of 
#e per coin for the half-dollar 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 to the   
,arnold  ,winnie ,palmer ,foundation for
 application to general expenses        
associated with the fulfillment of the  
mission of the ,arnold  ,winnie ,palmer 
,foundation1 including costs associated 
with-- 7#a7 children's health2  7#b7    
character development through the game  
of golf2  7#c7 wellness through nature2 
and  7#d7 the ,palmer legacy in golf and
 ,american history4  7c7 ,audits ,the   
,arnold  ,winnie ,palmer ,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 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 result in no net  
cost to the ,federal ,government2 and   
7#b7 no funds1 including applicable     
surcharges1 are disbursed to any        
recipient designated in section #g7;b7  

until to the total cost of designing and
 issuing all of the coins authorized by 
this ,act1 including labor1 materials1  
dies1 use of machinery1 overhead        
expenses1 marketing1 and shipping is    
recovered by the ,united ,states        
,treasury1 consistent with sections     
#eaab7m7 and #eacd7;f7 of title #ca1    
,united ,states ,code4