Sponsors (281)
The bill creates official commemorative coins and channels surcharge revenue to support Olympic and Paralympic legacy and Games costs while attempting to protect taxpayers through cost recovery—but it concentrates fundraising and authority, raises oversight questions, and leaves collectors and taxpayers exposed to financial and distribution risks if sales fall short or bulk discounts limit retail access.
Collectors, sports fans, and the general public gain official limited-edition commemorative coins for LA28 and Salt Lake City 2034, creating tangible national remembrance and new numismatic products to buy and collect.
People with disabilities may see greater public awareness and inclusivity through a commemorative Paralympics coin that highlights Paralympic athletes and the Paralympic movement.
Surcharge revenue from coin sales (after the Mint recovers costs) will be transferred to U.S. Olympic and Paralympic Properties and the 2034 Organizing Committee to support hosting-related items, legacy programs, youth sports promotion, and Games-related costs.
If coin sales fail to cover minting and administrative costs, taxpayers could face indirect financial risk or delayed surcharge payments despite the statutory no-net-cost rule.
Buyers and collectors will pay surcharges above face value ($5–$50) and other extra costs, and bulk/prepaid discounts may advantage dealers over individual collectors, raising prices and access concerns for hobbyists.
Directing surcharge proceeds to a single private entity (U.S. Olympic and Paralympic Properties and the 2034 Organizing Committee) concentrates public fundraising and raises oversight, accountability, and transparency concerns.
Based on analysis of 5 sections of legislative text.
Directs the U.S. Mint to produce commemorative coins for LA28 (2028) and Salt Lake City 2034 with specified designs, mintages, surcharges, and proceeds rules.
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
Authorizes the U.S. Mint to produce commemorative coins for the 2028 Los Angeles Summer Olympic and Paralympic Games and the 2034 Salt Lake City Winter Olympic and Paralympic Games. The bill sets denominations, metal content, weights, sizes, surcharges per coin, mintage limits, sale and distribution rules, design review procedures, timing windows for issuance, and requires recovery of Minting costs before any surcharge funds are disbursed to the organizing entities. Surcharge proceeds are directed to the United States Olympic and Paralympic Properties (for LA28) and the Organizing Committee for Salt Lake City–Utah 2034 (for 2034), subject to standard audit rules; the Secretary may increase mintages if independent market research shows higher demand. The bill requires coins to be legal tender and numismatic items, permits bulk/prepaid sales at reasonable discounts, and requires the Mint to ensure no net cost to the Treasury before sending surcharge payments.