H.R.3654 - 1996 Atlanta Centennial Olympic Games Commemorative Coin Act102nd Congress (1991-1992)
Summary: H.R.3654 — 102nd Congress (1991-1992)
Passed House amended (07/01/1992)
Title I: 1996 Olympic Games Commemorative Coins - Doug Barnard, Jr. - 1996 Atlanta Centennial Olympic Games Commemorative Coin Act - Provides for the minting and sale of commemorative five-dollar gold, one-dollar silver, and half-dollar clad coins to support the 1996 Atlanta Centennial Olympic Games and the programs of the United States Olympic Committee.
Requires the Secretary of the Treasury to pay to Atlanta Centennial Olympic Properties all surcharges received from the sale of such coins. Mandates that the proceeds be distributed by the Properties to the Atlanta Committee for the Olympic Games, and the United States Olympic Committee. Requires both Committees to expend their share of the proceeds on American manufactured goods and services, except in certain circumstances. Grants the Comptroller General the right to audit related documents and expenditure data.
Empowers the Secretary to ban the importation into the United States of foreign-issued coins commemorating the 1996 Atlanta Centennial Olympic Games unless the foreign country issuing such coins accords the coins issued under this Act the same competitive treatment as the United States accords the foreign-issued coins.
Directs the Secretary to submit detailed quarterly status reports to certain congressional committees.
Title II: United States Mint Reauthorization - United States Mint Reauthorization and Reform Act of 1992 - Subtitle A: Reauthorization of Appropriations - Amends Federal law to reauthorize appropriations for the United States Mint for FY 1993.
Subtitle B: Reform of United States Mint Operations - Establishes in the Treasury a revolving Numismatic Public Enterprise Fund to fund numismatic operations and programs without fiscal year limitation. Provides that any expense incurred by the Secretary in connection with the Citizens Commemorative Coin Advisory Committee established under this Act shall be treated as an expense incurred for numismatic operations and program which is an ordinary and reasonable incident of the numismatic business (hence, payable out of such Fund). Requires the Secretary to submit an annual Fund status report to the Congress.
Requires inclusion of the Fund in the President's budget, with treatment as a wholly owned Government corporation. Requires financial statements and audits, and a marketing activities report for a ten-year period.
Counts the cost of coin bags and pallets as part of the cost of distributing coins. Amends Federal criminal law to prohibit the false advertising or misuse of the words "United States Mint" or "U.S. Mint."
Repeals the mandate of: (1) the Secretary to operate, maintain, and have custody of the mint at Philadelphia; and (2) the Administrator of General Services to make repairs and improvements to it.
Redesignates the Bureau of the Mint as the United States Mint.
Amends Federal law to make mandatory certain inscriptions currently appearing on coins.
Waives Federal procurement and public contract law and regulations (except with respect to equal employment opportunity) governing procurement of goods or services necessary for minting, marketing, or issuing certain gold and silver coins.
Authorizes the Secretary to change the size, weight, design, and alloy of gold bullion coins.
Requires the Secretary to establish a Citizens Commemorative Coin Advisory Committee to advise on the selection of subjects and designs for commemorative coins.