25th Anniversary of 9/11 Commemorative Coin Act
Description
This bill would authorize the Treasury to mint commemorative coins for the 25th anniversary of 9/11 to support the memorial and museum.
Summary
What it does
This bill would direct the Department of the Treasury to mint and issue coins commemorating the 25th anniversary of the September 11, 2001, terrorist attacks and the establishment of the National September 11 Memorial and Museum. Sales of these coins would include a surcharge to support the operations and maintenance of the memorial and museum. This surcharge would be waived if the issuance of the coins exceeds specific annual limits.
Who is affected
The Department of the Treasury is directed to mint and issue the commemorative coins described in the bill. The National September 11 Memorial and Museum at the World Trade Center is designated to receive surcharges from coin sales to support its operations and maintenance. Additionally, individuals who purchase the coins are affected by the inclusion of these surcharges in the sale price, provided certain annual issuance limits are not exceeded.
Key provisions
- Minting of commemorative coins. The Department of the Treasury is directed to mint and issue coins commemorating the 25th anniversary of the September 11, 2001, terrorist attacks and the establishment of the National September 11 Memorial and Museum.
- Surcharge for memorial operations. Sales of the coins will include a surcharge to be paid to the National September 11 Memorial and Museum at the World Trade Center for operations and maintenance.
- Surcharge limitation. The bill prohibits the collection of a surcharge if the issuance of the commemorative coins exceeds specific annual limits.
Fiscal impact
Not applicable: No CBO cost estimate available
Effective dates
Not applicable: Official Summary does not address effective dates
Relationship to existing law
The bill establishes new requirements for the Department of the Treasury to mint commemorative coins, while referencing existing annual limits on the issuance of such coins to determine whether surcharges may be applied.
Stated purpose
This bill aims to commemorate the 25th anniversary of the September 11, 2001, terrorist attacks and the founding of the National September 11 Memorial and Museum through the issuance of commemorative coins. Proceeds from coin surcharges are intended to support the operations and maintenance of the National September 11 Memorial and Museum at the World Trade Center.