S. 3612 · 112th Congress
Commemorative Coins Reform Act of 2012
- Stage
- In committee
- Sponsor
- Jim DeMint
- Introduced
- 2012-09-21
- Latest action
- 2012-09-21 · Introduced in Senate
Summary
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.