Sponsors (72)
The bill raises visibility for host cities, supports Paralympic awareness, and generates collectible coin revenue for organizing bodies and collectors, but it risks federal administrative costs, reduced net proceeds to beneficiaries, higher costs for buyers, and shifted economic risk to host communities.
Residents and local businesses in Los Angeles and Salt Lake City gain national recognition and potential tourism/economic attention from hosting LA28 (2028) and the 2034 Winter Games.
People with disabilities may see increased awareness and inclusion from a commemorative coin program that highlights the Paralympic Games.
Collectors and Olympic supporters can purchase officially licensed commemorative coins (specified designs, precious-metal content, and proof/uncirculated quality), giving buyers high‑quality numismatic items and clear purchase timing.
Taxpayers could bear federal administrative or startup costs if the Mint does not fully recover expenses before surcharge disbursement, creating a potential net cost to government.
Collectors and supporters pay surcharges and production premiums above face value, increasing out‑of‑pocket cost for buyers.
Owners/beneficiaries of surcharge funds (e.g., US Olympic & Paralympic Properties, Organizing Committee) may receive fewer net funds if minting costs, discounts, or other expenses reduce proceeds.
Based on analysis of 5 sections of legislative text.
Directs the U.S. Mint to produce specific commemorative coins for the 2028 LA and 2034 Salt Lake City Olympic and Paralympic Games, sets mintages, prices, and surcharge handling.
Official title: 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 Alejandro Padilla · Last progress July 14, 2025
Directs the Secretary of the Treasury (through the U.S. Mint) to produce and sell commemorative coins marking the 2028 Los Angeles Summer Olympic and Paralympic Games and the 2034 Salt Lake City Winter Olympic and Paralympic Games. The bill specifies coin types, maximum mintages, required inscriptions and design review procedures, sale pricing (face value + statutory surcharges + production costs), timing for issuance (calendar years 2028 and 2034), and rules for surcharge payments to the respective organizing entities. Requires the Mint to recover all production and design costs so the program imposes no net cost to the federal government, allows the Secretary to adjust mintages based on market research, and directs prompt transfer of specified surcharges to the designated Olympic/Paralympic entities subject to existing audit and disbursement rules in law. The Secretary is encouraged to support marketing and education efforts tied to the coin programs.