To authorize the Peace Corps Commemorative Foundation to establish a commemorative work in the District of Columbia and its environs, and for other purposes.

The Peace Corps was created by President John F. Kennedy on March 1, 1961, for Americans to serve their country in the cause of peace by living and working in developing countries.

The Peace Corps has become an enduring symbol of America's commitment to promoting prosperity and progress in the developing world.

Peace Corps volunteers have deepened the ties of goodwill, friendship, and mutual understanding between the United States and other countries.

Peace Corps volunteers return to the United States with language fluency and deep cross-cultural experience that enhances America's international standing.

Over 210,000 Americans from all 50 States have served at the request of 139 countries as Peace Corps volunteers over more than 50 years.

More than 8,000 Peace Corps volunteers currently serve in 76 host countries in Africa, Asia, the Caribbean, Eastern Europe/Central Asia, Latin America, North Africa/Middle East, and the Pacific Islands.

Peace Corps volunteers work with local communities in developng countries to promote sustainable development and local capacity building.

Peace Corps volunteers have made significant and lasting contributions around the globe in education, public health and HIV/AIDS relief, agriculture, youth development, the environment, and business development.

As of 2013, 25 additional countries have requested Peace Corps volunteers and existing host countries have requested an increase in the number of Peace Corps volunteers.

After more than five decades of service, the Peace Corps continues to reaffirm America's commitment to help communities overseas help themselves.

Authorization To establish commemorative work— The Peace Corps Commemorative Foundation may establish a commemorative work on Federal land in the District of Columbia and its environs to commemorate the formation of the Peace Corps and the ideals of world peace and friendship upon which the Peace Corps was founded.

Compliance with standards for Commemorative Works Act— The establishment of the commemorative work shall be in accordance with chapter 89 of title 40, United States Code (commonly known as the Commemorative Works Act).

Use of Federal funds prohibited— Federal funds may not be used to pay any expense of the establishment of the commemorative work. The Peace Corps Commemorative Foundation shall be solely responsible for acceptance of contributions for, and payment of the expenses of, the establishment of the commemorative work.

Deposit of excess funds— If, upon payment of all expenses for the establishment of the commemorative work (including the maintenance and preservation amount required by section 8906(b)(1) of title 40, United States Code), or upon expiration of the authority for the commemorative work under section 8903(e) of title 40, United States Code, there remains a balance of funds received for the establishment of the commemorative work, the Peace Corps Commemorative Foundation shall transmit the amount of the balance to the Secretary of the Interior for deposit in the account provided for in section 8906(b)(3) of title 40, United States Code.