HR 1028 101th Congress House Finance and Financial Sector Associations, institutions, etc. Coins and coinage Gold Money National monuments Public debt Silver South Dakota

Mount Rushmore Commemorative Coin Act

Introduced: February 21, 1989 See on congress.gov

Everywhere this bill has been 21 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 16, 1990

Became Public Law No: 101-332.

Jul 16, 1990

Signed by President.

Jul 6, 1990

Presented to President.

Jul 5, 1990

Measure Signed in Senate.

Jun 29, 1990

Passed Senate without amendment by Voice Vote.

Jun 29, 1990

Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.

Jun 29, 1990

Senate Committee on Banking discharged by Unanimous Consent.

May 18, 1990

Received in the Senate and read twice and referred to the Committee on Banking.

May 15, 1990

Motion to reconsider laid on the table Agreed to without objection.

May 15, 1990

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

May 15, 1990

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

May 15, 1990

DEBATE - The House proceeded with forty minutes of debate.

May 15, 1990

On ordering a second Agreed to without objection.

May 15, 1990

Considered under suspension of the rules.

May 15, 1990

Mr. Hiler demanded a second on the motion to suspend the rules.

May 15, 1990

Mr. Lehman (CA) moved to suspend the rules and pass the bill, as amended.

Apr 4, 1990

Subcommittee Consideration and Mark-up Session Held.

Apr 4, 1990

Forwarded by Subcommittee to Full Committee (Amended).

Mar 1, 1989

Referred to the Subcommittee on Consumer Affairs and Coinage.

Feb 21, 1989

Referred to the House Committee on Banking, Finance + Urban Affrs.

Feb 21, 1989

Introduced in House

Plain-English summary Congressional Research Service

Mount Rushmore Commemorative Coin Act - Requires the Secretary of the Treasury to issue a specified number of five-dollar gold coins, one-dollar silver coins, and half-dollar clad coins in commemoration of the Mount Rushmore National Memorial.

Provides that such coins shall be considered legal tender.

Requires the Secretary to obtain silver for the minting of such coins from stockpiles established under the Strategic and Critical Materials Stock Piling Act and to obtain gold pursuant to authority under existing law.

Provides that the design of such coins shall be selected by the Secretary after consultation with the Mount Rushmore National Memorial Society of Black Hills and the United States Commission of Fine Arts.

Specifies the sales price of such coins as the face value plus costs. Requires that all sales of such coins include a surcharge of $35 per coin for five-dollar coins, $7 per coin for one-dollar coins, and $1 for half-dollar coins.

Requires the Secretary to issue coins authorized by this Act only during 1991.

Requires that of the total surcharges received by the Secretary from the sale of such coins: (1) 50 percent shall be returned to the Treasury for purposes of reducing the national debt; and (2) 50 percent shall be paid to the Society to assist efforts to improve the Mount Rushmore National Memorial. Authorizes the Comptroller General to audit such payments.

Requires the Secretary to ensure that the minting and issuance of such coins shall not result in any net costs to the Government.

What's happening now July 16, 1990

Became Public Law No: 101-332.

Committees of jurisdiction 3