H.R. 2726, Apollo 11 50th Anniversary Commemorative Coin Act

H.R. 2726

Apollo 11 50th Anniversary Commemorative Coin Act

Sponsor
Rep. Bill Posey

Date
December 5, 2016 (114th Congress, 2nd Session)

Staff Contact
Communications

Floor Situation

On­­­­ Monday, December 5, 2016, the House will consider H.R. 2726, the Apollo 11 50th Anniversary Commemorative Coin Act, under suspension of the rules. H.R. 2726 was introduced on June 10, 2015, by Rep. Bill Posey (R-FL) and was referred to the Committee on Financial Services.

Bill Summary

H.R. 2726 directs the Department of the Treasury to mint and issue gold, silver, half-dollar clad, and proof silver coins in recognition and celebration of the 50th anniversary of Apollo 11, the first manned landing on the moon. Additionally, all sales of coins minted under this Act shall include a surcharge of $35 per gold coin, $10 per silver coin, $5 per half-dollar clad coin, and $50 per proof silver coin.

Background

The primary goal of the Apollo 11 mission, according to President John F. Kennedy, was to perform a crewed lunar landing and subsequently return to earth. Apollo 11 launched from Cape Kennedy on July 16, 1969 at an initial Earth orbit of 114 by 116 miles. On July 20, 1969, Astronauts Neil Armstrong and Buzz Aldrin touched down on the surface of the moon, spending a total of 21 hours and 36 minutes on the lunar surface. Four days later, on July 24, 1969, Apollo 11 initiated re-entry into the earth’s atmosphere and safely splashed down in the Pacific Ocean, successfully completing its mission.[1]

The Apollo 11 50th Anniversary Commemorative Coin would celebrate not only the entrepreneurial spirit that defined the Apollo program but also the estimated 400,000 Americans across the nation who contributed to its extraordinary success. Furthermore, proceeds from the coin will support college scholarships for students pursuing degrees in science, technology, engineering or mathematics; education initiatives that promote space exploration; the Astronauts Memorial that honors fallen astronauts; and the National Air and Space Museum’s new “Destination Moon” exhibit.[2]

According to the bill’s sponsor, who worked on the Apollo program as a young man, “The United States remains the only country to have ever landed humans on a celestial body off the Earth and brought them home safely. Honoring that great feat and recognizing astronauts Armstrong, Aldrin and Collins, who made this historic journey, is what our bipartisan legislation is all about.”

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[1] See NASA’s Report, Apollo 11 Mission Overview.
[2] See Rep. Posey’s Press Release, June 11, 2015.

Cost

A Congressional Budget Office (CBO) estimate for this bill is currently unavailable

Additional Information

For questions or further information please contact John Wilson with the House Republican Policy Committee by email or at 6-1811.