Sponsors (78)
The bill enables commemorative coin sales to finance Olympic/Paralympic legacy and create collectible products while aiming to avoid direct federal cost, but it shifts financial risk and oversight toward private entities and collectors and concentrates implementation authority in the Treasury, creating potential accountability and indirect taxpayer exposure trade-offs.
Taxpayers are protected because the Treasury must recover minting and issuance costs first, so the program is intended to have no net cost to the federal government.
Collectors, sports fans, and the public gain limited-edition commemorative coins for LA28 and Salt Lake City 2034, creating a tangible national remembrance and new numismatic products.
Surcharge revenue from coin sales will fund U.S. Olympic and Paralympic Properties and the 2034 Organizing Committee to support hosting-related costs, legacy programs, and youth sports promotion.
If coin sales fail to cover issuance costs or recovery is delayed, taxpayers could face indirect financial risk despite the program's no-net-cost aim.
Purchasers will pay surcharges and premiums above face value (and bulk/prepaid discounts may favor dealers), increasing costs for individual collectors and potentially reducing net surcharge revenue available for beneficiaries.
Routing surcharge proceeds primarily to a single private organization (U.S. Olympic and Paralympic Properties / the Organizing Committee) concentrates public fundraising and raises oversight, accountability, and audit concerns.
Based on analysis of 5 sections of legislative text.
Directs the U.S. Mint to issue commemorative coins for the 2028 Los Angeles Games and 2034 Salt Lake City Winter Games, sets mintage/design rules, and assigns surcharges to the Games’ organizations.
Introduced July 14, 2025 by Brad Sherman · Last progress July 14, 2025
Authorizes the U.S. Mint to produce commemorative coins for the 2028 Summer Olympic and Paralympic Games in Los Angeles and for the 2034 Olympic and Paralympic Winter Games in Salt Lake City. It sets rules for denominations, metal content, design review, mintage limits, surcharges on sales, and distribution of surcharge proceeds to the relevant Olympic/Paralympic organizations, while requiring the Treasury to recover Minting costs before paying out surcharges. The bill requires coins to be legal tender and numismatic items, allows the Mint to increase mintage if independent market research shows higher demand, and subjects recipient organizations to federal audit rules for surcharge receipts; it also includes specific surcharge amounts and timing for the 2034 coins and design consultation requirements with arts advisory bodies and the organizing committee.