S.3612 - Commemorative Coins Reform Act of 2012112th Congress (2011-2012)
Summary: S.3612 — 112th Congress (2011-2012)
Introduced in Senate (09/21/2012)
Commemorative Coins Reform Act of 2012 - Prohibits surcharges generated by the sale of any numismatic item or commemorative coin program from being paid to a non-federal organization, except with respect to sales and production costs.
Requires that surcharges be used to recover all numismatic operation and program costs allocable to the program under which a numismatic item is produced and sold.
Requires the transfer of any excess surcharges to the general fund of the Treasury for deficit reduction purposes.