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S 148 101th Congress Senate Finance and Financial Sector Coins and coinage Gold Money National monuments Public debt Silver South Dakota

1991 Mount Rushmore Commemorative Coin Act

Introduced: January 25, 1989 See on congress.gov
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 Everywhere this bill has been 12 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 15, 1989
Referred to the Subcommittee on Consumer Affairs and Coinage.
Nov 7, 1989
Referred to the House Committee on Banking, Finance + Urban Affrs.
Nov 7, 1989
Received in the House.
Nov 7, 1989
Message on Senate action sent to the House.
Nov 3, 1989
Passed Senate with an amendment by Voice Vote.
Nov 3, 1989
Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.
Nov 3, 1989
Measure laid before Senate by unanimous consent.
Oct 26, 1989
Placed on Senate Legislative Calendar under General Orders. Calendar No. 330.
Oct 26, 1989
Committee on Banking. Reported to Senate by Senator Riegle without amendment. Without written report.
Sep 20, 1989
Committee on Banking. Ordered to be reported without amendment favorably.
Jan 25, 1989
Read twice and referred to the Committee on Banking.
Jan 25, 1989
Introduced in Senate
 Plain-English summary Congressional Research Service

1991 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 issue such coins during calendar year 1991.

Allows the Secretary to obtain silver for the minting of such coins from stockpiles established under the Strategic and Critical Minerals 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.

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 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 take such actions as may be necessary to ensure that the minting and issuance of such coins shall not result in any net costs to the Government.

What's happening now November 15, 1989

Referred to the Subcommittee on Consumer Affairs and Coinage.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Republican 1