Don't say that I didn't warn you:
Here are just a few of the highlights. My comments are in
BLUEThe
RED highlights points of interest within the text.
`(C) consulting with industry representatives to encourage operators of vending machines and other automated coin-accepting devices in the United States to accept coins issued under the Presidential $1 Coin Program established under subsection (n)
and any coins bearing any design in effect before the issuance of coins required under subsection (n) (including the so-called `Sacagawea-design' $1 coins), and to include notices on the machines and devices of such acceptability;
`(i)
during an introductory period, all institutions that want unmixed supplies of each newly-issued design of $1 coins minted under subsections (n) and (o) are able to obtain such unmixed supplies; and
(Anyone remember me saying that they were laying the groundwork to blame the SBA and SAC dollar for this failure?)`(5) REVIEW OF CO-CIRCULATION- At such time as the Secretary determines to be appropriate, and after consultation with the Board of Governors of the Federal Reserve System, the Secretary shall notify the Congress of its assessment of
issues related to the co-circulation of any circulating $1 coin bearing any design, other than the so-called `Sacagawea-design' $1 coin, in effect before the issuance of coins required under subsection (n), including the effect of co-circulation on the acceptance and use of $1 coins, and make recommendations to the Congress for improving the circulation of $1 coins.'.
(1) the enactment of this Act will serve to increase the use of $1 coins generally,
which will increase the circulation of the so-called `Sacagawea-design' $1 coins that have been and will continue to be minted and issued;
(2)
the continued minting and issuance of the so-called `Sacagawea-design' $1 coins will serve as a lasting tribute to the role of women and Native Americans in the history of the United States
`(2) PUBLICITY- The Director of the United States Mint, shall work closely with consumer groups, media outlets, and schools to ensure an adequate amount of news coverage, and other means of increasing public awareness, of the inauguration of the Presidential $1 Coin Program established in subsection (n)
to ensure that consumers know of the availability of the coin (So far, $40 million has been earmarked for this promotion. Which like the SAC dollar before it, FAILED miserably.)`(D) DESIGN IN CASE OF NO FIRST SPOUSE- In the case of any President who served without a spouse--
`(i) the image on the obverse of the bullion coin corresponding to the $1 coin relating to such President shall be an image emblematic of the concept of `Liberty'--
`(I) as represented on a United States coin issued during the period of service of such President; or
`(II)
as represented, in the case of President Chester Alan Arthur, by a design incorporating the name and likeness of Alice Paul, a leading strategist in the suffrage movement, who was instrumental in gaining women the right to vote upon the adoption of the 19th amendment and thus the ability to participate in the election of future Presidents, and who was born on January 11, 1885, during the term of President Arthur; and ( What a way of staying POLITICALLY correctLAST AND CERTAINLY WORST `(i) IN GENERAL- Notwithstanding subparagraph (A), the Secretary
shall continue to mint and issue $1 coins which bear any design in effect before the issuance of coins as required under this subsection (including the so-called `Sacagawea-design' $1 coins).
`(ii) CIRCULATION QUANTITY- Beginning January 1, 2007, and ending upon the termination of the program under paragraph (8), the Secretary
annually shall mint and issue such `Sacagawea-design' $1 coins for circulation in quantities of no less than 1/3 of the total $1 coins minted and issued under this subsection.'.`
(9) REVERSION TO PRECEDING DESIGN- Upon the
termination of the issuance of coins under this subsection,
the design of all $1 coins shall revert to the so-called `Sacagawea-design' $1 coins.'.Anyone remember some of these comments? Seems as if my crystal ball was working pretty good during this whole SAD process.
Posted 11/26/2005 10:42 am
