Public Law 118 - 10 - 250th Anniversary of the United States Marine Corps Commemorative Coin Act

[118th Congress Public Law 10]
[From the U.S. Government Publishing Office]



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 250TH ANNIVERSARY OF THE UNITED STATES MARINE CORPS COMMEMORATIVE COIN 
                                   ACT

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Public Law 118-10
118th Congress

                                 An Act


 
To require the Secretary of the Treasury to mint coins in commemoration 
   of the 250th Anniversary of the United States Marine Corps, and to 
 support programs at the Marine Corps Heritage Center. <<NOTE: July 26, 
                         2023 -  [H.R. 1096]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: 250th 
Anniversary of the United States Marine Corps Commemorative Coin Act. 31 
USC 5112 note.>> 
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``250th Anniversary of the United 
States Marine Corps Commemorative Coin Act''.
SEC. 2. FINDINGS.

    The Congress finds the following:
            (1) November 10, 2025, marks the 250th anniversary of the 
        United States Marine Corps.
            (2) The United States Marine Corps has, over the course of 
        its illustrious 250-year history, fought gallantly in defense of 
        the United States.
            (3) The United States Marine Corps has established itself as 
        a leading military force, always prepared for tomorrow's 
        challenges and to contend with the future character of war.
            (4) The United States Marine Corps continues to exemplify 
        the warrior ethos that has made it a fighting force of 
        international repute.
            (5) All Americans should commemorate the legacy of the 
        United States Marine Corps and recognize the significant 
        contributions the values embodied in the Corps have made in 
        protecting the United States against its enemies.
            (6) In the National Defense Authorization Act for Fiscal 
        Year 2001, the Congress authorized the construction of the 
        Marine Corps Heritage Center as a multipurpose facility for 
        historical displays for the public viewing, curation and storage 
        of artifacts, research facilities, classrooms, offices and 
        associated activities consistent with the mission of the Marine 
        Corps.
            (7) On November 10, 2006, the Marine Corps Heritage Center 
        opened to the public, with exhibits that share the history of 
        the Marine Corps from 1775 until 1975, and with planned future 
        exhibits on modern day Marine Corps history from the end of the 
        Vietnam War through the wars in Iraq and Afghanistan, to be 
        completed by 2025.
            (8) The United States should pay tribute to the 250th 
        anniversary of the United States Marine Corps by minting and 
        issuing a commemorative coin.
            (9) The surcharge proceeds from the sale of a commemorative 
        coin, which would have no net costs to the taxpayers,

[[Page 137 STAT. 57]]

        would raise valuable funding for the continuation of educational 
        programs of the Marine Corps Heritage Center.
SEC. 3. COIN SPECIFICATIONS.

    (a) Denominations.--The Secretary of the Treasury (hereafter in this 
Act referred to as the ``Secretary'') shall mint and issue the following 
coins:
            (1) $5 gold coins.--Not more than 50,000 $5 coins, which 
        shall--
                    (A) weigh 8.359 grams;
                    (B) have a diameter of 0.850 inches; and
                    (C) contain not less than 90 percent gold.
            (2) $1 silver coins.--Not more than 400,000 $1 coins, which 
        shall--
                    (A) weigh 26.73 grams;
                    (B) have a diameter of 1.500 inches; and
                    (C) contain not less than 90 percent silver.
            (3) Half-dollar clad coins.--Not more than 750,000 half-
        dollar coins which shall--
                    (A) weigh 11.34 grams;
                    (B) have a diameter of 1.205 inches; and
                    (C) be minted to the specifications for half-dollar 
                coins contained in section 5112(b) of title 31, United 
                States Code.

    (b) Legal Tender.--The coins minted under this Act shall be legal 
tender, as provided in section 5103 of title 31, United States Code.
    (c) Numismatic Items.--For purposes of section 5134 and 5136 of 
title 31, United States Code, all coins minted under this Act shall be 
considered to be numismatic items.
SEC. 4. DESIGN OF COINS.

    (a) Design Requirements.--The designs of the coins minted under this 
Act shall be emblematic of the 250th anniversary of the United States 
Marine Corps.
    (b) Designation and Inscriptions.--On each coin minted under this 
Act there shall be--
            (1) a designation of the value of the coin;
            (2) an inscription of the year ``2025''; and
            (3) inscriptions of the words ``Liberty'', ``In God We 
        Trust'', ``United States of America'', and ``E Pluribus Unum''.

    (c) Selection.--The design for the coin minted under this Act shall 
be--
            (1) selected by the Secretary after consultation with the 
        Commission of Fine Arts, the Commandant of the Marine Corps, and 
        the Marine Corps Heritage Foundation; and
            (2) <<NOTE: Review.>>  reviewed by the Citizens Coinage 
        Advisory Committee.
SEC. 5. ISSUANCE OF COINS.

    (a) Quality of Coins.--Coins minted under this Act shall be issued 
in uncirculated and proof qualities.
    (b) Mint Facility.--Any facility of the United States Mint may be 
used to strike any particular quality of the coins minted under this 
Act.
    (c) Period for Issuance.--The Secretary may issue coins minted under 
this Act only during the 1-year period beginning on January 1, 2025.

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SEC. 6. SALE OF COINS.

    (a) Sale Price.--The coins issued under this Act shall be sold by 
the Secretary at a price equal to the sum of--
            (1) the face value of the coins;
            (2) the surcharge provided in section 7(a) with respect to 
        such coins; and
            (3) the cost of designing and issuing the coins (including 
        labor, materials, dies, use of machinery, overhead expenses, 
        marketing, and shipping).

    (b) Bulk Sales.--The Secretary shall make bulk sales of the coins 
issued under this Act at a reasonable discount.
    (c) Prepaid Orders.--
            (1) In general.--The Secretary shall accept prepaid orders 
        for the coins minted under this Act before the issuance of such 
        coins.
            (2) Discount.--Sale prices with respect to prepaid orders 
        under paragraph (1) shall be at a reasonable discount.
SEC. 7. SURCHARGES.

    (a) In General.--All sales of coins issued under this Act shall 
include a surcharge of--
            (1) a surcharge of $35 per coin for the $5 coin;
            (2) a surcharge of $10 per coin for the $1 coin; and
            (3) a surcharge of $5 per coin for the half-dollar coin.

    (b) Distribution.--Subject to section 5134(f)(1) of title 31, United 
States Code, all surcharges received by the Secretary from the sale of 
coins issued under this Act shall be promptly paid by the Secretary to 
the Marine Corps Heritage Foundation and shall only be used for the 
purposes of supporting the mission of the Marine Corps Heritage Center.
    (c) Audits.--The Marine Corps Heritage Foundation, shall be subject 
to the audit requirements of section 5134(f)(2) of title 31, United 
States Code, with regard to the amounts received under subsection (b).
    (d) Limitation.--Notwithstanding subsection (a), no surcharge may be 
included with respect to the issuance under this Act of any coin during 
a calendar year if, as of the time of such issuance, the issuance of 
such coin would result in the number of commemorative coin programs 
issued during such year to exceed the annual 2 commemorative coin 
program issuance limitation under section 5112(m)(1) of title 31, United 
States Code (as in effect on the date of the enactment of this Act). The 
Secretary of the Treasury may issue guidance to carry out this 
subsection.
SEC. 8. FINANCIAL ASSURANCES.

    The Secretary shall take such actions as may be necessary to ensure 
that--
            (1) minting and issuing coins under this Act result in no 
        net cost to the Federal Government; and
            (2) no funds, including applicable surcharges, are disbursed 
        to the Marine Corps Heritage Foundation until the total cost of 
        designing and issuing all of the coins authorized by this Act, 
        including labor, materials, dies, use of machinery, overhead 
        expenses, marketing, and shipping, is recovered by the United

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        States Treasury, consistent with sections 5112(m) and 5134(f) of 
        title 31, United States Code.

    Approved July 26, 2023.

LEGISLATIVE HISTORY--H.R. 1096 (S. 305):
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CONGRESSIONAL RECORD, Vol. 169 (2023):
            July 11, considered and passed House.
            July 20, considered and passed Senate.

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