Sponsors (39)
This bill authorizes limited‑edition commemorative coins to honor fallen firefighters and fund the National Fallen Firefighters Foundation while requiring Treasury cost recovery and oversight to avoid taxpayer subsidy — but it raises buyer surcharges and administrative complexity that could reduce sales, strain Mint operations, and introduce some fiscal and practical risks.
National Fallen Firefighters Foundation and similar nonprofit programs will receive dedicated surcharge funding from coin sales (with federal audit/oversight), supporting survivor and memorial services.
The program is structured so the Treasury must recover all design and issuance costs before transferring funds, meaning taxpayers should not bear net program costs.
The bill creates limited-edition commemorative coins honoring fallen firefighters, preserving their service and giving collectors and the public a tangible national memorial.
Buyers face substantial surcharges and higher retail prices (e.g., multi‑dollar surcharges on low‑denomination coins), which increases out‑of‑pocket cost and could suppress sales and secondary market unpredictability.
The Treasury and advisory bodies will incur recurring administrative burdens (detailed cost accounting, design reviews, surcharge implementation, prompt payments and guidance), which could require staffing/time and raise program overhead.
If sales fall short of projections, there remains a risk that production and administrative costs are not fully covered, potentially exposing taxpayers to indirect costs despite cost‑recovery rules.
Based on analysis of 7 sections of legislative text.
Directs Treasury to mint limited commemorative gold, silver, and half‑dollar coins in 2026 and forward sales surcharges to the National Fallen Firefighters Foundation after cost recovery.
Introduced March 21, 2025 by Andrew R. Garbarino · Last progress March 21, 2025
Requires the Treasury to mint three types of commemorative coins in 2026 (a $5 gold, a $1 silver, and a half‑dollar clad) that depict the National Fallen Firefighters Memorial and honor firefighters. Sales price must cover face value, authorized surcharges, and all minting costs; surcharges are paid to the National Fallen Firefighters Foundation after Treasury recovers costs, and the program must produce no net cost to the government.