Two nearly identical coin bills were introduced in the Senate and House late last month that would commemorative the National Future Farmers of America Organization with gold and silver coins.
Senate bill S. 1553 and House Resolution H.R. 3464 — both entitled the National Future Farmers of America Commemorative Coin Act of 2009 — would authorize the United States Mint to strike up to 100,000 gold and 500,000 silver coins in 2012, the 85th anniversary of the organization.
These coins would be minted in proof and uncirculated condition bearing a design emblematic of the 85-year history of the National FFA Organization.
The Senate version was introduced by Sen. Charles Grassley [R-IA] and currently enjoys the support of five cosponsors while the House bill was presented by Rep. Bruce Braley [D-IA] and has seven cosponsors. Both are in front of their respective house committees awaiting further action.
Respective $25 and $10 surcharges for each gold and silver coin sold would be paid to the "National Future Farmers of America Foundation in Indianapolis, Indiana, for the creation of an endowment to enhance and expand programs that encourage the development of leadership skills, personal growth, and career success through agricultural education and the Future Farmers of America."
For coin bills to become law, they must pass both in the House and Senate, and get signed by the President.
