Legislation Search

H.R. 916: Rosa Parks Commemorative Coin Act

The Rosa Parks Commemorative Coin Act proposes to recognize the life and contributions of Rosa Parks, a pivotal figure in the American Civil Rights Movement, by authorizing the minting and issuance of commemorative coins. The key aspects of the bill are outlined below:

Coin Specifications

The bill requires the Secretary of the Treasury to mint the following types of coins:

$5 Gold Coins: Up to 50,000 coins, weighing 8.359 grams, with at least 90% gold content.
$1 Silver Coins: Up to 400,000 coins, weighing 26.73 grams, with at least 90% silver content.
Half-Dollar Clad Coins: Up to 750,000 coins, weighing 11.34 grams and meeting standard half-dollar specifications.

Legal Tender and Numismatic Items

All coins minted under this Act will be classified as legal tender and considered numismatic items, meaning they may have collectible value beyond their face value.

Design of Coins

The designs must reflect Rosa Parks' legacy, with one side of the coin bearing her name and likeness. The coins will also feature inscriptions indicating their value, the year 2029, and the mottoes “Liberty,” “In God We Trust,” “United States of America,” and “E Pluribus Unum.”

Issuance Schedule

Coins will be issued in both uncirculated and proof qualities, but they may only be minted during the calendar year starting January 1, 2029.

Sales and Pricing

The Secretary will set the sale prices for these coins to include:

The face value of the coins.
A surcharge that will be collected from each sale.
The costs associated with designing and issuing the coins.

Bulk sales will be available at discounted rates, and prepaid orders will also be accepted before the coins are issued.

Surcharges

The legislation mandates specific surcharges on the sale of the coins:

$35 surcharge for each $5 coin.
$10 surcharge for each $1 coin.
$5 surcharge for each half-dollar coin.

The surcharges collected from the sales will be directed to the Rosa and Raymond Parks Institute for Self Development, supporting its mission of youth development and civil rights education.

Financial Provisions

The Secretary of the Treasury is tasked with ensuring that the minting and issuing of these coins do not incur any net costs to the U.S. Government. Funds for the surcharges will not be released until the full costs of the coins have been recovered by the Treasury.

Significance of Rosa Parks

The bill highlights the contributions of Rosa Parks as a key figure in the Civil Rights Movement, noting her act of defiance against racial segregation, her role in inspiring the Montgomery Bus Boycott, and her ongoing activism and mentorship throughout her life. It commemorates her legacy as a symbol of resistance against injustice.

Relevant Companies

None found.

This is an AI-generated summary of the bill text. There may be mistakes.

Actions

3 actions

Date	Action
Feb. 04, 2025	Introduced in House
Feb. 04, 2025	Referred to the House Committee on Financial Services.
Feb. 04, 2025	Sponsor introductory remarks on measure. (CR H452)

Corporate Lobbying

0 companies lobbying