Sponsors (40)
The bill creates a limited-run commemorative coin to honor fallen firefighters and provide transparent, auditable surcharge funding for a designated foundation while protecting taxpayers through cost-recovery rules — but it raises purchase prices, adds administrative and production risks, and could modestly shift costs or reduce fundraising if sales or discounts limit net proceeds.
Nonprofit beneficiaries (the National Fallen Firefighters Foundation) receive predictable surcharge revenue to support survivor and firefighter programs.
The Treasury must recover all minting costs before any surcharge funds are disbursed, and the coin program can generate seigniorage/revenue from sales, protecting taxpayers from net program expense.
The legislation honors fallen U.S. firefighters with a nationally recognized commemorative coin and mandates expert design review and traditional inscriptions, increasing public recognition and likely improving artistic quality.
People who buy the coins pay higher effective prices because of the statutory surcharges, increasing out‑of‑pocket costs for collectors and purchasers.
If sales, surcharges, or discounts don't cover production, marketing, or administrative expenses, taxpayers could indirectly subsidize the program and bear modest costs.
The program increases administrative burden across the Mint, Treasury, and advisory bodies (design review, surcharge collection/remittance, cost tracking), requiring staff time and potentially raising overhead.
Based on analysis of 7 sections of legislative text.
Authorizes limited commemorative $5 gold, $1 silver, and half‑dollar coins for 2026 with set surcharges to benefit the National Fallen Firefighters Foundation, subject to full cost recovery.
Official title: To require the Secretary of the Treasury to mint and issue coins that are emblematic of the National Fallen Firefighters Memorial and the service and sacrifice of firefighters throughout the history of the United States.
Introduced March 21, 2025 by Andrew R. Garbarino · Last progress March 21, 2025
Creates a 2026 commemorative coin program honoring the National Fallen Firefighters Memorial. The Treasury must mint specified quantities and types of $5 gold, $1 silver, and half‑dollar clad coins, set sale prices to cover costs plus surcharges, and direct fixed surcharges from sales to the National Fallen Firefighters Foundation after the Mint fully recovers production and issuance costs.