CONGRESSWOMAN ELISE STEFANIK
On Tuesday, October 25, 2011, the House is scheduled to consider H.R. 2527, the National Baseball Hall of Fame Commemorative Coin Act, under a suspension of the rules requiring a two-thirds majority for passage. H.R. 2527 was introduced by Rep. Richard Hanna (R-NY) on July 14, 2011, and was referred to the House Committee on Financial Services.
H.R. 2527 would authorize the U.S. Mint to produce a $5 gold coin, a $1 silver coin, and a half-dollar clad coin in calendar year 2015 to recognize and celebrate the National Baseball Hall of Fame in Cooperstown, New York.
The bill would also require a competition to design the obverse (front) of the coin. In addition, the bill would specify a surcharge on the sales price of $35 for the gold coin, $10 for the silver coin, and $5 for the clad coin and would designate the National Baseball Hall of Fame, a nonprofit entity, to receive the income from the surcharges.
The National Baseball Hall of Fame Museum is a repository of the rich history of America’s national pastime. It houses the world's largest collection of baseball artifacts and is an educational institution, reaching 10 million Americans annually.
Because the legislation would affect direct spending, pay-as-you-go procedures apply, but Congressional Budget Office estimates that enacting H.R. 2527 would have no significant net impact on such spending over the 2012-2021 period.