Sponsors (165)
Official title: To require the Secretary of the Treasury to mint coins in commemoration of the 2028 Olympic and Paralympic Games in Los Angeles, California, and the 2034 Olympics and Paralympic Winter Games in Salt Lake City, Utah.
Introduced July 14, 2025 by Brad Sherman · Last progress July 14, 2025
The bill creates collectible commemorative coins that can fund Games-related legacy and organizing needs while protecting taxpayers through a no-net-cost requirement — but it shifts costs and oversight questions to purchasers, private organizations, and potentially the Treasury if sales fall short.
Collectors, sports fans, and the general public gain limited-edition commemorative coins for LA28 and the 2034 Salt Lake City Games, creating a tangible national remembrance and new numismatic products to buy.
Nonprofits, youth sports programs, and the Games' organizing bodies receive surcharge revenue (after mint costs) to support hosting-related expenses, legacy programs, and youth-sport promotion.
Taxpayers are protected by a Treasury requirement that the Mint recover all production and issuance costs first, reducing the chance the program is a net cost to the federal government.
Taxpayers and the federal government face financial and timing risk if coin sales, surcharges, or accounting do not fully cover minting and administrative costs — potentially delaying surcharge transfers or temporarily exposing the Treasury to costs.
Buyers and collectors will pay surcharges and premiums above face value (roughly $5–$50 and other design/issue markups), increasing the cost to individual purchasers.
Tying surcharge proceeds to a single private entity (U.S. Olympic and Paralympic Properties or a Games organizing committee) concentrates fundraising in one organization and raises oversight, accountability, and conflict-of-interest concerns.
Based on analysis of 5 sections of legislative text.
Authorizes the U.S. Mint to issue commemorative coins for the 2028 LA Games and 2034 Salt Lake City Games, sets coin specs, surcharges, and directs surcharge proceeds to Organizing Committees after cost recovery.
Authorizes the U.S. Mint to produce and sell commemorative coins for the 2028 Summer Olympic and Paralympic Games in Los Angeles and the 2034 Winter Olympic and Paralympic Games in Salt Lake City. The law sets coin types, metal content, weights, diameters, mintage limits, pricing and surcharges, requires recovery of minting costs before surcharge disbursement, and directs surcharge proceeds to the respective organizing entities (with audit requirements). It requires design review and consultation with advisory bodies, allows the Mint to increase mintage based on independent market research, and ensures coins are legal tender and numismatic items. The bill does not create broad new programs or change tax or entitlement law; it establishes a commemorative-coin program tied to the two Games and rules for distributing surcharge proceeds to the organizing committees after costs are covered.