billHR1842Event Wednesday, August 3, 2022Analyzed

Harriet Tubman Bicentennial Commemorative Coin Act

Neutral

Summary

The Harriet Tubman Bicentennial Commemorative Coin Act (Public Law 117-163) was signed into law in August 2022. It authorizes the Treasury to mint limited-edition commemorative coins in 2024, with surcharges directed to two non-profit organizations. This is a ceremonial, non-market-moving bill with no direct impact on publicly traded companies.

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Key Takeaways

  • 1.This is a ceremonial commemorative coin bill with no market impact.
  • 2.No federal spending is authorized; coin sales fund the program.
  • 3.No publicly traded companies are affected by this legislation.

Market Implications

No market implications. This is a ceremonial bill with no impact on any publicly traded company or sector.

Full Analysis

The Harriet Tubman Bicentennial Commemorative Coin Act was signed into law on August 3, 2022, as Public Law 117-163. The bill directs the Department of the Treasury to mint and issue up to 50,000 $5 gold coins, 400,000 $1 silver coins, and 750,000 half-dollar clad coins during calendar year 2024. All surcharges from coin sales are to be paid equally to the National Underground Railroad Freedom Center and The Harriet Tubman Home, Inc. This is a commemorative coin authorization, not an appropriations bill. No federal funds are allocated; the Treasury covers minting costs from coin sales. The bill does not create any procurement, tax incentive, regulatory change, or mandate affecting any publicly traded company. There is no convergence with any other legislative or procurement signal. This is a ceremonial bill with zero market impact.

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