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H.R.1235 - Naismith Memorial Basketball Hall of Fame Commemorative Coin Act115th Congress (2017-2018) |

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Sponsor: Rep. Neal, Richard E. [D-MA-1] (Introduced 02/27/2017)
Committees: House - Financial Services | Senate - Banking, Housing, and Urban Affairs
Latest Action: Senate - 09/26/2017 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.  (All Actions)

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This bill has the status Passed House

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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Summary: H.R.1235 — 115th Congress (2017-2018)All Information (Except Text)

Bill summaries are authored by CRS.

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Passed House amended (09/25/2017)

Naismith Memorial Basketball Hall of Fame Commemorative Coin Act

(Sec. 3) This bill directs the Department of the Treasury to mint and issue not more than 50,000 $5 coins, 400,000 $1 coins, and 750,000 half-dollar coins in recognition and celebration of the Naismith Memorial Basketball Hall of Fame.

The coins shall be in the shape of a dome, and the design on the common reverse of the coins shall depict a basketball. Treasury shall hold a competition to determine the design of the common obverse of the coins, which shall be emblematic of the game of basketball.

(Sec. 7) The bill requires all sales of such coins to include specified surcharges, which shall be paid by Treasury to the Hall to fund an endowment for increased operations and educational programming.