A bill was recently introduced in the House of Representatives which seeks to require commemorative coins to be minted in recognition and celebration of Hero Street USA.
The year 2018 will mark the 50th anniversary of the naming of Hero Street in Silvis, Illinois. Only a block and a half long, the street lost six young men in World War II and two in the Korean War. Despite tragedy, a strong tradition of military service persisted within this small, historically Latino community as the younger generations enlisted or were drafted. Today, over 100 men and women from Hero Street have served in the Armed Forces of the United States, a concentration higher than any other street comparable in size.
The bill H.R. 2525 was introduced on May 21, 2015 by Rep. Cheri Bustos of Illinois. It would require the Secretary of the Treasury to mint and issue coins in commemoration of hte semi-centennial of the naming of Hero Street.
The coins would include up to 50,000 $5 gold coins, 400,000 silver dollars, and 750,000 clad half dollars with designs emblematic of Hero Street USA. The coins would be minted in proof and uncirculated qualities and may only be issued during the period beginning on January 1, 2018 and ending December 31, 2018.
Surcharges of $35 per gold coin, $10 per silver dollar, and $5 per half dollar would be added to the cost of each coin. These surcharges would be distributable to the Wounded Warrior Project to carry out the organization’s mission of honoring and empowering our Nation’s wounded warriors.
The bill currently has 78 cosponsors and has been referred to the House Financial Services Committee. In order to become law, it must be passed by both the House of Representatives and Senate, then signed by the President.