,,ii #aahth ,,congress #b;d ,session ,s4 #dada ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,april #ag1 #bjbd,mr4 ,young 7for himself and ,ms4 ,butler7 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 ,,fifa ,world ,cup #bjbf1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,,fifa ,world ,cup #bjbf ,commemorative ,coin ,act4 #b4 ,findings ,congress finds the following3 7#a7 ,the ,,fifa ,world ,cup #bjbf-- 7,a7 will be held in the ,united ,states1 ,mexico1 and ,canada2 7,b7 will be the first time the ,men's ,world ,cup has been held in the ,united ,states in #cb years2 and 7,c7 will be the second ,men's ,world ,cup hosted by the ,united ,states and the largest and most inclusive ,world ,cup ever hosted1 with #dh teams in #af cities across #c countries4 7#b7 ,host cities and locations in the ,united ,states will include ,atlanta1 ,boston1 ,dallas1 ,houston1 ,kansas ,city1 ,los ,angeles1 ,miami1 the ,new ,york and ,new ,jersey area1 ,philadelphia1 the ,san ,francisco ,bay area1 and ,seattle4 7#c7 ,the ,,fifa ,world ,cup #bjbf will be organized under a ,,fifa-led operating model1 which was introduced in the ,,fifa ,women's ,world ,cup in ,australia and ,new ,zealand in #bjbc4 7#d7 ,through the ,,fifa-led operating model1 the ,,fifa ,world ,cup #bjbf is being planned and executed by ,,fwc#bjbf ,,us1 ,inc41 an organization exempt from taxation pursuant to section #eja7;c77#d7 of the ,internal ,revenue ,code of #aihf1 headquartered in ,miami4 7#e7 ,the ,,fifa-led operating model includes a guaranteed framework for providing a legacy fund to each participating host member3 ,the ,united ,states ,soccer ,federation1 ,canada ,soccer1 and the ,mexican ,football ,federation4 7#f7 ,a ,,fifa ,world ,cup #bjbf commemorative coin program has the opportunity to shape a lasting legacy for the sport of soccer in the ,united ,states1 support underserved communities1 and celebrate a unifying global event4 #c4 ,definitions ,in this ,act3 7#a7 ,,fifa ,the term ,,fifa means the ,fdration ,internationale de ,football ,association4 7#b7 ,,fifa ,world ,cup #bjbf ,the term ,,fifa ,world ,cup #bjbf means the ,,fifa ,men's ,world ,cup held in #bjbf4 7#c7 ,,fwc#bjbf ,,us1 ,inc ,the term ,,fwc#bjbf ,,us1 ,inc4 means the ,,fifa subsidiary incorporated in the ,united ,states for the purpose of operating the ,,fifa ,world ,cup #bjbf and related programs4 #d4 ,coin specifications 7a7 ,denominations ,the ,secretary of the ,treasury 7hereafter in this ,act referred to as the ,secretary7 shall mint and issue the following coins3 7#a7 #e gold coins ,not more than #ajj1jjj #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 #ejj1jjj #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 coins1 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 7d7 ,mintage limit exception ,if the ,secretary determines1 based on independent1 market-based research conducted by ,,fwc#bjbf ,,us1 ,inc41 that the mintage levels described in this section are not adequate to meet public demand1 the ,secretary may increase the mintage levels as the ,secretary determines is necessary to meet public demand4 #e4 ,designs of coins 7a7 ,design requirements 7#a7 ,in general ,the designs of the coins minted under this ,act shall be emblematic of the sport of soccer and the ,,fifa ,world ,cup4 7#b7 ,designation and inscriptions ,on each coin minted under this ,act there shall be-- 7,a7 a designation of the value of the coin2 7,b7 an inscription of the year #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 ,secretary after consultation with-- 7,a7 ,,fwc#bjbf ,,us1 ,inc42 and 7,b7 the ,commission of ,fine ,arts2 and 7#b7 reviewed by the ,citizens ,coinage ,advisory ,committee4 #f4 ,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 #a-year period beginning on ,january #a1 #bjbf4 #g4 ,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 #h7;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 such coins4 7#b7 ,discount ,sale prices with respect to prepaid orders under paragraph 7#a7 shall be at a reasonable discount4 #h4 ,surcharges 7a7 ,in general ,all sales of coins issued under this ,act shall include a surcharge of-- 7#a7 #ce per coin for the #e coins2 7#b7 #aj per coin for the #a coins2 and 7#c7 #e per coin for the half-dollar 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 promptly paid by the ,secretary to ,,fwc#bjbf ,,us1 ,inc41 for the purpose of aiding or executing ,united ,states-based soccer programs and activities1 including the promotion of-- 7#a7 legacy programs of ,,fifa in the ,united ,states2 and 7#b7 efforts to grow the sport of soccer throughout the ,united ,states1 with a focus on youth1 inner cities1 and underserved communities4 7c7 ,audits ,,fwc#bjbf ,,us1 ,inc41 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 ,code 7as in effect on the date of the enactment of this ,act74 #i4 ,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 are disbursed to ,,fwc#bjbf ,,us1 ,inc41 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