President Bush made the American Veterans Disabled for Life Commemorative Coin Act law with his signature last week. With that, a small mention of its passage in the mainstream media would be expected. But not so. Articles are sparse.
The new law (Public Law No: 110-277) will have the U.S. Mint issue up to 350,000 silver dollar coins in 2010 commemorating disabled American Veterans. $10 surcharges for each coin are to help build an American Veterans’ Disabled for Life Memorial in Washington, D.C.
Those most involved with the coin bill, congressman Dennis Moore [D-KS] and Mark Kirk [R-IL] who introduced it in January of 2007, have offered public praise.
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President Bush today signed legislation that will honor disabled Veterans with commemorative silver dollar coins for 2010.
The designs of the coins are to be "emblematic of the service of our disabled veterans who, having survived the ordeal of war, made enormous personal sacrifices defending the principles of our democracy."
Surcharge funds from the sale of each coin will help build a memorial for disabled veterans.
The American Veterans Disabled for Life Commemorative Coin Act, H.R. 634, was introduced in January of 2007 by Rep Dennis Moore and Rep Mark Kirk.
The House in May and the Senate in June unanimously passed the bill. Rep Moore commented after the House passage,
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A bill directing the U.S. Mint to issue 350,000 $1 silver commemorative coins in 2010 honoring disabled veterans was officially presented to President Bush yesterday, July 7.
H.R. 634 passed in the House and Senate last month and was cleared for the White House on June 18. With its official move yesterday, no more steps remain for H.R. 634 to become law other than the president’s ink.
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The U.S. House of Representatives agreed Tuesday to a minor Senate Amendment for H.R. 634, the American Veterans Disabled for Life Commemorative Coin Act. The coin legislation is nearly cemented for approval and signing by President Bush.
When H.R. 634 becomes law, it will require the United States Mint to issue 350,000 $1 silver coins in the year 2010 to commemorate "veterans who became disabled for life while serving in the Armed Forces of the United States."
Coin surcharges - money wasted or used for memorial?
The legislation also mandates a $10 surcharge for each coin sale that would go to the Disabled Veterans’ LIFE Memorial Foundation, a nonprofit organization whose sole purpose is to raise the funds necessary to build a Memorial.
The silver dollar coin will be for a notable cause, as would a memorial. However, looking closer at the effectiveness of the Disabled Veterans’ LIFE Memorial Foundation in attaining the $65 million plus needed to start the memorial may leave some collectors troubled.
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A silver $1 coin commemorating disabled U.S. veterans is nearly a step away from reality.
As reported last week, H.R. 634 or the American Veterans Disabled for Life Commemorative Coin Act easily passed through the House in May of 2007, and it unanimously passed the Senate Committee on Banking, Housing, and Urban Affairs May 20, 2008.
While expectations were that it would face the full Senate’s vote later this year for easy passage, that full vote happened yesterday, June 10. H.R. 634 passed in unanimous fashion.
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Commemorative coins honoring disabled American veterans are almost assured with recent action in the Senate.
House bill H.R. 634, titled American Veterans Disabled for Life Commemorative Coin Act, calls for a total of 350,000 silver dollar proof and uncirculated coins in 2010.
The bill easily passed in May of 2007 by a House vote of 416 to 0. It was quickly moved into the Senate for consideration, but in typical legislative fashion it settled soundly in committee awaiting either complete and forever forgetfulness, or action. Action won-over on May 20.
The legislation was unanimously passed in the Senate Committee on Banking, Housing, and Urban Affairs. Of course, it must still pass the full Senate vote and see Presidential ink to make law, but its unanimous passage is promising.
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