America’s Olympic and Paralympic Games Commemorative Coins Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill, the America’s Olympic and Paralympic Games Commemorative Coins Act, requires the Secretary of the Treasury to mint coins commemorating the 2028 Los Angeles Olympic and Paralympic Games and the 2034 Salt Lake City Winter Olympic and Paralympic Games. The act outlines specifications for gold, silver, and clad coins, including their denominations, weights, and designs, and establishes a process for their sale and distribution of proceeds. It also creates a system for surcharging the coins to benefit the respective Olympic and Paralympic organizations.
Key provisions
- Requires minting of $5 gold, $1 silver, and half-dollar clad coins to commemorate the 2028 and 2034 Games.
- Establishes mintage limits for each coin type.
- Specifies design requirements for the coins, including consultation with relevant committees.
- Creates a surcharge on coin sales, with proceeds directed to the respective Olympic and Paralympic organizations.
- Allows for prepaid orders with a discount.
- Provides for bulk sales of coins at a reasonable discount.
- Sets a one-year issuance period for each Games.
- Includes provisions for marketing and financial assurances to ensure no net cost to the federal government.
Who is affected
- The United States Treasury
- The U.S. Olympic and Paralympic Committee
- The Organizing Committee for the 2034 Olympic and Paralympic Winter Games
- Coin collectors and numismatists
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