Congressman Bob Latta (R-Bowling Green) recently introduced H.R. 497, the Ronald Reagan Commemorative Coin Act, which would instruct the U.S. Treasury to mint coins in honor of the life of the 40th U.S. President, Ronald Wilson Reagan.
Under this Act, the Secretary of the Treasury would mint $5 gold coins and $1 silver coins to commemorate President Reagan. The coins would be minted at no cost to the federal government, and proceeds would support Army Emergency Relief (AER), which provides assistance to active and retired soldiers.
Through his service in the Army Air Force during World War II, Ronald Reagan acted and assisted in the production of more than 400 training films. Proceeds from one of his films titled “In the Army” went to AER. Over its years in existence, AER has aided over 3 million soldiers and their families in states of financial emergency, and the Ronald Reagan Commemorative Coin Act will further support the cause of this organization. Congressman Latta made the following statement after introducing H.R. 497:
“As we reflect on the life of the 40th President of the United States upon what would be his 100th birthday, the Ronald Reagan Commemorative Coin Act is a fitting way to honor this great individual. If passed, this Act would also help retired and active members of our Armed Forces, through a cause that Ronald Reagan himself believed in and supported.”
H.R. 497 has been referred to the House Committee on Financial Services. Introduction of the Ronald Reagan Commemorative Coin Act runs simultaneously with national events observing the 100th birthday of former President Ronald Reagan.