Muhammad Ali Congressional Gold Medal Act

This provision authorizes the Speaker of the House of Representatives and the President pro tempore of the Senate to make arrangements for the official presentation of a Congressional Gold Medal to Muhammad Ali, posthumously. The medal is intended to honor his extensive contributions to the United States, and following its presentation, it will be given to his wife, Lonnie Ali.

This section directs the Secretary of the Treasury to design and strike the gold medal with appropriate emblems, devices, and inscriptions, specifically including an image and the name of 'Muhammad Ali'. Additionally, it authorizes the Secretary to strike and sell bronze duplicates of the gold medal at a price sufficient to cover all associated costs, making commemorative versions accessible to the public.

These sections establish the legal and financial framework for the medals. They declare that medals struck under this Act are considered 'national medals' and 'numismatic items' under relevant sections of title 31, United States Code. Furthermore, the bill authorizes the United States Mint Public Enterprise Fund to cover the costs of striking the medals and mandates that all proceeds from the sale of duplicate bronze medals be deposited back into this fund.