United States Foreign Service Commemorative Coin Act
Summary
The United States Foreign Service Commemorative Coin Act directs the Secretary of the Treasury to mint coins in recognition of the Foreign Service and its contributions to US diplomacy. The Act specifies the denominations, weights, diameters, and metallic content of the coins, including $5 gold coins, $1 silver coins, and half-dollar clad coins. These coins are to be issued in 2029 and sold with surcharges, the proceeds of which will benefit the Association for Diplomatic Studies and Training.
Expected Effects
This act will result in the creation and sale of commemorative coins. The surcharges from the coin sales will provide funding for the Association for Diplomatic Studies and Training. This supports their mission of preserving and sharing diplomatic history.
Potential Benefits
- Raises awareness of the Foreign Service and its role in US diplomacy.
- Provides funding to the Association for Diplomatic Studies and Training, supporting their historical preservation efforts.
- Creates numismatic items that may be of interest to collectors.
- Potentially increases tourism to related historical sites.
- No cost to the government.
Most Benefited Areas:
Potential Disadvantages
- The Act may be seen as a symbolic gesture with limited practical impact.
- The surcharges on the coins could be considered a hidden tax.
- The focus on a specific organization may be viewed as preferential treatment.
- The coins may not be affordable for all citizens.
- Limited impact on broader economic or social issues.
Constitutional Alignment
The Act appears to align with the Constitution, specifically Article I, Section 8, which grants Congress the power to coin money and regulate its value. The act does not appear to infringe on any individual liberties or rights protected by the Bill of Rights. The surcharges and their allocation are subject to congressional oversight, ensuring accountability.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).