America's Olympic and Paralympic Games Commemorative Coins Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- 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 various coin types, including gold, silver, and clad coins, and establishes a process for their design, issuance, and sale. Revenue generated from the sale of these coins will be directed to support the hosting of these games and related legacy programs.
Key provisions
- Requires the Secretary of the Treasury to mint commemorative coins for the 2028 Los Angeles and 2034 Salt Lake City Olympic and Paralympic Games.
- Specifies the denominations and metal compositions for various coin types (gold, silver, clad, and proof silver).
- Establishes a process for coin design, involving consultation with relevant committees and organizations.
- Sets a one-year issuance period for each games’ commemorative coins.
- Includes surcharges on coin sales, with the revenue directed to the Olympic and Paralympic Properties.
- Allows for bulk sales of coins at a discount.
- Provides for prepaid orders with a discounted price.
- Requires the Secretary to ensure that minting and issuing the coins does not result in a net cost to the federal government.
Who is affected
- United States Citizens
- United States Olympic and Paralympic Properties
Bill text
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