H.R.2257 - National Fallen Firefighters Memorial Coin Act (119th Congress)
Summary
H.R.2257, the National Fallen Firefighters Memorial Coin Act, directs the Secretary of the Treasury to mint and issue coins emblematic of the National Fallen Firefighters Memorial and the service of firefighters. The bill specifies the denominations, weights, diameters, and metallic content of the coins, including $5 gold coins, $1 silver coins, and half-dollar clad coins. The coins are to be issued in 2026 and sold with surcharges to benefit the National Fallen Firefighters Foundation.
Expected Effects
The Act will result in the creation and sale of commemorative coins. Revenue generated from surcharges on the sale of these coins will be directed to the National Fallen Firefighters Foundation. This will provide financial support for the foundation's mission and programs.
Potential Benefits
- Provides financial support to the National Fallen Firefighters Foundation.
- Raises awareness of the sacrifices made by firefighters.
- Creates collectible numismatic items for coin enthusiasts.
- Potentially stimulates the numismatic market.
- Honors the service and sacrifice of firefighters throughout U.S. history.
Most Benefited Areas:
Potential Disadvantages
- The cost of designing and issuing the coins is borne by the US Treasury initially, requiring recovery through sales.
- Surcharges may make the coins less affordable for some collectors.
- Limited mintage numbers may create artificial scarcity and drive up prices on the secondary market.
- The Act could be seen as a symbolic gesture rather than a substantial contribution to firefighter support.
- Potential for the commemorative coin program to exceed annual limits.
Constitutional Alignment
The bill aligns with the constitutional power of Congress to coin money and regulate its value, as outlined in Article I, Section 8, Clause 5. The issuance of commemorative coins for specific purposes has historical precedent. The surcharges and their allocation to the National Fallen Firefighters Foundation do not appear to violate any constitutional provisions.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).