Sponsors (65)
Introduced July 14, 2025 by Brad Sherman · Last progress July 14, 2025
The bill funds Olympic/Paralympic legacy programs and raises visibility for the Games through paid commemorative coins while protecting taxpayers from direct program losses, but it shifts costs onto buyers, risks limited availability and market volatility, and creates administrative and oversight challenges for minting and surcharge distribution.
All U.S. taxpayers are protected from bearing net program losses because the coin programs require the U.S. Mint to recover all issuance and design costs and the Games are privately funded, reducing the likelihood of new direct federal funding obligations.
Schools, sport programs, and Olympic/Paralympic legacy initiatives receive dedicated revenue because statutorily required surcharges on coins provide funds to U.S. Olympic and Paralympic Properties and the Salt Lake City 2034 Organizing Committee for hosting and legacy projects.
Collectors, numismatists, and small businesses selling coins gain access to new limited-edition Olympic and Paralympic commemorative coins (multiple metals and proof/uncirculated options) for 2028 and 2034.
Buyers (collectors and casual purchasers) pay premiums above face value — surcharges plus production/marketing — and may face limited resale value if demand is weak, meaning purchasers can lose money or see poor value for their purchases.
If coin sales are insufficient to cover upfront costs, surcharge disbursements to Olympic legacy programs could be delayed until costs are fully recovered, reducing near-term funding for schools and legacy initiatives.
Designing and running the commemorative coin program could impose additional administrative burdens and require U.S. Mint resources, potentially diverting capacity from other minting programs or priorities.
Based on analysis of 5 sections of legislative text.
Authorizes the U.S. Mint to produce commemorative coins for LA 2028 and Salt Lake City 2034 with set mintages, designs, and surcharges that fund Olympic/Paralympic hosting and legacy programs.
Authorizes the U.S. Mint to produce official commemorative coins for the 2028 Los Angeles Olympic and Paralympic Games and the 2034 Salt Lake City Olympic and Paralympic Winter Games. The coins have set denominations, metal/content specs, and mintage limits; they may be sold only in specified calendar years, sold at face value plus statutory surcharges and issuance costs, and surcharges are paid to the Olympic/Paralympic organizations for hosting and legacy programs after the Mint recovers its costs. Designs must be selected with input from the Games’ organizing bodies, the Commission of Fine Arts, and the Citizens Coinage Advisory Committee; coins are legal tender and numismatic items, limited to uncirculated and proof qualities, and may have mintage increased based on independent market research. The Mint must ensure no net cost to the federal government and disburse surcharge funds only after recovering design and issuance costs; receipts are subject to audit.