On September 10, 2012, the House of Representatives passed an amended version of H.R. 2139 Lions Clubs International Century of Service Commemorative Coin Act. This bill would authorize the production of up to 400,000 silver dollars to mark the centennial of the organization.
Founded in 1917, the Lions Clubs International seeks to “meet the needs of local communities around the world.” There are 1.35 million members across 207 countries and geographic areas.
The bill H.R. 2139 was introduced on June 3, 2011 by Rep. Peter Roskam of Illinois. An identical bill was also introduced in the Senate on June 29, 2011 and passed in the Senate on July 26, 2012. In order to become law, one of the bills must be passed by both the House and Senate, and then signed by the President.
The commemorative coin program would call for the minting and issuance of not more than 400,000 $1 coins with a composition of 90% silver and 10% copper, weight of 26.73 grams, and diameter of 1.5 inches. The coins would bear a design emblematic of the centennial of the Lions Clubs International and may be issued during the calendar year beginning January 1, 2017.
The sales price of each coin would include a surcharge of $10 per coin, distributable to the Secretary to the Lions Clubs International Foundation. These funds would be used for the purposes of (1) furthering its programs for the blind and visually impaired in the United States and abroad; (2) investing in adaptive technologies for the disabled; and (3) investing in youth and those affected by a major disaster.
Amendments to the House version of the bill added a requirement for the Secretary of the Treasury to take actions to ensure that the minting and issuance of the coins does not result in a net cost to the United States government.