National Association for Stock Car Auto Racing (NASCAR) 75th Anniversary Commemorative Coin Act

Hozzl · 2023-12-15T15:57:24Z

Explore the details of House Bill 2838 National Association for Stock Car Auto Racing (NASCAR) 75th Anniversary Commemorative Coin Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/15/2023, 3:57 PM

Summary of Bill HR 2838

Bill 118 hr 2838, also known as the National Association for Stock Car Auto Racing (NASCAR) 75th Anniversary Commemorative Coin Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to authorize the minting and issuance of commemorative coins in recognition of the 75th anniversary of NASCAR.

If passed, this bill would allow the Secretary of the Treasury to mint and issue up to 50,000 $5 gold coins, 400,000 $1 silver coins, and 750,000 half-dollar clad coins. The designs of these coins would be emblematic of the 75th anniversary of NASCAR and would be selected by the Secretary after consultation with the NASCAR Foundation.

The proceeds from the sale of these commemorative coins would be used to benefit the NASCAR Foundation, which is a charitable organization that supports various causes related to the sport of NASCAR. The bill also includes provisions for the marketing and sale of the coins, as well as reporting requirements to Congress on the status of the program. Overall, the National Association for Stock Car Auto Racing (NASCAR) 75th Anniversary Commemorative Coin Act aims to celebrate the history and impact of NASCAR while also supporting charitable efforts within the NASCAR community.

Congressional Summary of HR 2838

National Association for Stock Car Auto Racing (NASCAR) 75th Anniversary Commemorative Coin Act

This bill directs the Department of the Treasury to mint and issue $1 silver coins in recognition of the 75th anniversary of NASCAR.

All surcharges received by Treasury from the sale of such coins must be paid to the NASCAR Foundation.

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Current Status of Bill HR 2838

Bill HR 2838 is currently in the status of Bill Introduced since April 25, 2023. Bill HR 2838 was introduced during Congress 118 and was introduced to the House on April 25, 2023. Bill HR 2838's most recent activity was Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of April 25, 2023

Bipartisan Support of Bill HR 2838

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Policy Area and Potential Impact of Bill HR 2838

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 2838

National Association for Stock Car Auto Racing (NASCAR) 75th Anniversary Commemorative Coin Act

To require the Secretary of the Treasury to mint coins in commemoration of the 75th anniversary of what is recognized as the first sanctioning body created to promote a unified series of competitions, with an organized group of race car drivers. The first such recognized race was held at Daytona Beach on February 15, 1948, under the sanctioning of the "National Association for Stock Car Auto Racing" (NASCAR).