119-s2265

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2265 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 2265

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.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 July 14, 2025

 Mr. Padilla (for himself, Mr. Curtis, Mr. Schiff, and Mr. Mullin) 
introduced the following bill; which was read twice and referred to the 
 Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

 A BILL

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.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``America's Olympic and Paralympic 
Games Commemorative Coins Act''.

SEC. 2. FINDINGS.

 Congress finds the following:

    (1) The 2028 Olympic and Paralympic Games, officially known 
 as the Games of the XXXIV Olympiad or ``LA28'', will be held in 
 Los Angeles, California.

    (2) The 2034 Olympic and Paralympic Winter Games, 
 officially known as the XXVII Olympic Winter Games 2034, will 
 be held in Salt Lake City, Utah.

    (3) This marks the return of the Olympic and Paralympic 
 Games to the United States for the first time in 26 years, 
 following the successful 2002 Olympic and Paralympic Winter 
 Games in Salt Lake City.

    (4) The United States has hosted the modern Olympic Games 9 
 times, with the 2028 Games becoming the third time Los Angeles 
 will host the summer Olympic Games and the 2034 Games becoming 
 the second time Salt Lake City will host the Olympic Winter 
 Games.

    (5) The Paralympic Games will celebrate its 80th 
 anniversary in 2028, with Los Angeles hosting the Paralympic 
 Games for the first time.

    (6) Unlike some other countries, Olympic Games in the 
 United States are privately funded. The LA28 and Salt Lake 
 City-Utah 2034 Games maintain this model with its revenue 
 generated by corporate partners, broadcast rights, licensing, 
 hospitality, and ticket sales.

    (7) With the Paralympic Games coming to the United States, 
 the 2028 and 2034 Olympic and Paralympic Games Commemorative 
 Coin Program have the opportunity to increase awareness and 
 create more inclusivity for people with disabilities with the 
 creation of a single, unifying coin to commemorate the Games.

SEC. 3. DEFINITIONS.

 In this Act, the term ``Secretary'' means the Secretary of the 
Treasury.

SEC. 4. 2028 OLYMPIC AND PARALYMPIC COIN PROGRAM.

    (a) Coin Specifications.--

    (1) Denominations.--The Secretary shall mint and issue the 
 following coins in commemoration of the 2028 Olympic and 
 Paralympic Games in Los Angeles, California:
        (A) $5 gold coins.--Not more than 100,000 $5 coins, 
 each of which shall--
            (i) weigh 8.359 grams;
            (ii) have a diameter of 0.850 inches; and
            (iii) contain not less than 90 percent 
 gold.
        (B) $1 silver coins.--Not more than 500,000 $1 
 coins, each of which shall--
            (i) weigh 26.73 grams;
            (ii) have a diameter of 1.500 inches; and
            (iii) contain not less than 90 percent 
 silver.
            (C) Half-dollar clad coins.--Not more than 300,000 
 half-dollar coins, each of which shall--
            (i) weigh 11.34 grams;
            (ii) have a diameter of 1.205 inches; and
            (iii) be minted to the specifications for 
 half-dollar coins contained in 

section 5112

    (b) of title 31, United States Code.
            (D) Proof silver $1 coins.--Not more than 100,000 
 proof silver $1 coins, each of which shall--
            (i) weigh 5 ounces;
            (ii) have a diameter of 3 inches; and
            (iii) contain .999 fine silver.

    (2) Legal tender.--The coins minted under this section 
 shall be legal tender, as provided in 

section 5103 of title 31, 
 United States Code.

    (3) Numismatic items.--For purposes of sections 5134 and 
 5136 of title 31, United States Code, all coins minted under 
 this section shall be considered to be numismatic items.

    (4) Mintage limit exception.--If the Secretary determines, 
 based on independent, market-based research conducted by the 
 U.S. Olympic and Paralympic Committee, that the mintage levels 
 described in this section are not adequate to meet public 
 demand, the Secretary may increase the mintage levels as the 
 Secretary determines is necessary to meet public demand.

    (b) Designs of Coins.--

    (1) Design requirements.--
        (A) In general.--The designs of the coins minted 
 under this section shall be emblematic of the 
 participation of United States athletes in the LA28 
 Games.
        (B) Designation and inscriptions.--On each coin 
 minted under this section, there shall be--
            (i) a designation of the value of the coin;
            (ii) an inscription of the year ``2028''; 
 and
            (iii) inscriptions of the words 
 ``Liberty'', ``In God We Trust'', ``United 
 States of America'', and ``E Pluribus Unum''.
            (C) Selection of designs.--The designs for the 
 coins minted under this section shall be--
            (i) selected by the Secretary after 
 consultation with--
            (I) the United States Olympic and 
 Paralympic Properties; and
            (II) the Commission of Fine Arts; 
 and
            (ii) reviewed by the Citizens Coinage 
 Advisory Committee.
            (c) Issuance of Coins.--

    (1) Quality of coins.--The Secretary may issue coins minted 
 under this section in uncirculated and proof qualities.

    (2) Period of issuance.--The Secretary may issue coins 
 minted under this section only during the 1-year period 
 beginning on January 1, 2028.
            (d) Sale of Coins.--

    (1) Sale price.--The coins issued under this section shall 
 be sold by the Secretary at a price equal to the sum of--
        (A) the face value of the coins;
        (B) the surcharge provided in subsection

    (e)

    (1) with respect to the coins; and
            (C) the cost of designing and issuing the coins 
 (including labor, materials, dies, use of machinery, 
 overhead expenses, and marketing, and shipping).

    (2) Bulk sales.--The Secretary shall make bulk sales of the 
 coins issued under this section at a reasonable discount.

    (3) Prepaid orders.--
        (A) In general.--The Secretary shall accept prepaid 
 orders for the coins minted under this section before 
 the issuance of such coins.
        (B) Discount.--Sales with respect to prepaid orders 
 under subparagraph
        (A) shall be at a reasonable 
 discount.

    (e) Surcharges.--

    (1) In general.--All sales of coins issued under this 
 section shall include a surcharge of--
        (A) $35 per coin for the $5 coin;
        (B) $10 per coin for the $1 coin described in 
 subsection

    (a)

    (1)
        (B) ;
            (C) $5 per coin for the half-dollar coin; and
            (D) $50 per coin for the $1 proof silver coin.

    (2) Distribution.--Subject to 

section 5134

    (f) of title 31, 
 United States Code, all surcharges received by the Secretary 
 from the sale of coins issued under this section shall be 
 promptly paid by the Secretary to the United States Olympic and 
 Paralympic Properties for the objects and purposes related to 
 the hosting of the 2028 Olympic and Paralympic Games and to aid 
 in the execution of its legacy programs, including the 
 promotion of youth sports in the United States.

    (3) Audits.--The United States Olympic and Paralympic 
 Properties shall be subject to the audit requirements of 
 

section 5134

    (f)

    (2) of title 31, United States Code, with regard 
 to the amounts received under paragraph

    (2) .

    (4) Limitation.--Notwithstanding paragraph

    (1) , no 
 surcharge may be included with respect to the issuance under 
 this section of any coin during a calendar year if, as of the 
 time of such issuance, the issuance of such coin would result 
 in the number of commemorative coin programs issued during such 
 year to exceed the annual 2 commemorative coin programs 
 issuance limitation under 

section 5112
            (m) (1) of title 31, 
 United States Code (as in effect on the date of the enactment 
 of this Act).

    (f) Marketing and Financial Assurances.--

    (1) In general.--The Secretary shall take such actions as 
 may be necessary to ensure that--
        (A) minting and issuing coins under this section 
 result in no net cost to the Federal Government; and
        (B) no funds, including applicable surcharges, 
 shall be disbursed to any recipient designated in 
 subsection

    (e)

    (2) until the total cost of designing and 
 issuing all of the coins authorized by this section, 
 including labor, materials, dies, use of machinery, 
 overhead expenses, marketing, and shipping, is 
 recovered by the United States Treasury, consistent 
 with sections 5112
            (m) and 5134

    (f) of title 31, United 
 States Code.

    (2) Marketing and educational program.--The Secretary is 
 encouraged to develop and execute a marketing and educational 
 program, including appropriate cooperative marketing 
 opportunities with the United States Olympic and Paralympic 
 Properties and its licensees, to promote and sell the coins 
 authorized under this section.

SEC. 5. 2034 WINTER OLYMPIC AND PARALYMPIC COIN PROGRAM.

    (a) Coin Specifications.--

    (1) Denominations.--The Secretary shall mint and issue the 
 following coins in commemoration of the 2034 Olympic and 
 Paralympic Winter Games in Salt Lake City, Utah:
        (A) $5 gold coins.--Not more than 100,000 $5 coins, 
 which shall--
            (i) weigh 8.359 grams;
            (ii) have a diameter of 0.850 inches; and
            (iii) contain not less than 90 percent 
 gold.
        (B) $1 silver coins.--Not more than 500,000 $1 
 coins, which shall--
            (i) weigh 26.73 grams;
            (ii) have a diameter of 1.500 inches; and
            (iii) contain not less than 90 percent 
 silver.
            (C) Half-dollar clad coins.--Not more than 300,000 
 half-dollar coins, which shall--
            (i) weigh 11.34 grams;
            (ii) have a diameter of 1.205 inches; and
            (iii) be minted to the specifications for 
 half-dollar coins contained in 

section 5112

    (b) of title 31, United States Code.
            (D) Proof silver $1 coins.--Not more than 100,000 
 proof silver $1 coins, which shall--
            (i) weigh 5 ounces;
            (ii) have a diameter of 3 inches; and
            (iii) contain .999 fine silver.

    (2) Legal tender.--The coins minted under this section 
 shall be legal tender, as provided in 

section 5103 of title 31, 
 United States Code.

    (3) Numismatic items.--For purposes of sections 5134 and 
 5136 of title 31, United States Code, all coins minted under 
 this section shall be considered to be numismatic items.

    (4) Mintage limit exception.--If the Secretary determines, 
 based on independent, market based research conducted by the 
 U.S. Olympic and Paralympic Committee, that the mintage levels 
 described in this section are not adequate to meet public 
 demand, the Secretary may increase the mintage levels as the 
 Secretary determines is necessary to meet public demand.

    (b) Designs of Coins.--

    (1) Design requirements.--
        (A) In general.--The designs of the coins minted 
 under this section shall be emblematic of the 
 participation of United States athletes in or the 
 staging of the 2034 Olympic and Paralympic Winter 
 Games.
        (B) Designation and inscriptions.--On each coin 
 minted under this section, there shall be--
            (i) a designation of the value of the coin;
            (ii) an inscription of the year ``2034''; 
 and
            (iii) inscriptions of the words 
 ``Liberty'', ``In God We Trust'', ``United 
 States of America'', and ``E Pluribus Unum''.
            (C) Selection of designs.--The designs for the 
 coins minted under this section shall be--
            (i) selected by the Secretary after 
 consultation with--
            (I) the Organizing Committee for 
 the 2034 Olympic and Paralympic Winter 
 Games; and
            (II) the Commission of Fine Arts; 
 and
            (ii) reviewed by the Citizens Coinage 
 Advisory Committee.
            (c) Issuance of Coins.--

    (1) Quality of coins.--The Secretary may issue coins minted 
 under this section in uncirculated and proof qualities.

    (2) Period for issuance.--The Secretary may issue coins 
 under this section only during the 1-year period beginning on 
 January 1, 2034.
            (d) Sale of Coins.--

    (1) Sale price.--The coins issued under this section shall 
 be sold by the Secretary at a price equal to the sum of--
        (A) the face value of the coins;
        (B) the surcharge provided in subsection

    (e)

    (1) with respect to such coins; and
            (C) the cost of designing and issuing the coins 
 (including labor, materials, dies, use of machinery, 
 overhead expenses, marketing, and shipping).

    (2) Bulk sales.--The Secretary shall make bulk sales of the 
 coins issued under this section at a reasonable discount.

    (3) Prepaid orders.--
        (A) In general.--The Secretary shall accept prepaid 
 orders for the coins minted under this section before 
 the issuance of such coins.
        (B) Discount.--Sales prices respect to prepaid 
 orders under subparagraph
        (A) shall be at a reasonable 
 discount.

    (e) Surcharges.--

    (1) In general.--All sales of coins issued under this 
 section shall include--
        (A) a surcharge of $35 per coin for the $5 coins;
        (B) a surcharge of $10 per coin for the $1 coins;
            (C) a surcharge of $5 per coin for the half-dollar 
 coins; and
            (D) a surcharge of $50 per coin for the $1 proof 
 silver coins.

    (2) Distribution.--Subject to 

section 5134

    (f) of title 31, 
 United States Code, all surcharges received by the Secretary 
 from the sale of coins issued under this section shall be 
 promptly paid to the Organizing Committee for the 2034 Olympic 
 and Paralympic Winter Games for the objects and purposes 
 related to the hosting of the 2034 Olympic and Paralympic 
 Winter Games and to support its legacy ambitions, including the 
 protection and promotion of winter sports and programs for 
 young and elite athletes.

    (3) Audits.--The Organizing Committee for the 2034 Olympic 
 and Paralympic Winter Games shall be subject to the audit 
 requirements of 

section 5134

    (f)

    (2) of title 31, United States 
 Code, with regard to the amounts received under paragraph

    (2) .

    (4) Limitation.--Notwithstanding paragraph

    (1) , no 
 surcharge may be included with respect to the issuance under 
 this section of any coin during a calendar year if, as of the 
 time of such issuance, the issuance of such coin would result 
 in the number of commemorative coin programs issued during such 
 year to exceed the annual 2 commemorative coin programs 
 issuance limitation under 

section 5112
            (m) (1) of title 31, 
 United States Code (as in effect on the date of the enactment 
 of this Act).

    (f) Marketing and Financial Assurances.--

    (1) In general.--The Secretary shall take such actions as 
 may be necessary to ensure that--
        (A) minting and issuing coins under this section 
 will not result in any net cost to the United States 
 Government; and
        (B) no funds, including applicable surcharges, 
 shall be disbursed to any recipient designated in 
 subsection

    (e)

    (2) until the total cost of designing and 
 issuing all of the coins authorized by this section 
 (including labor, materials, dies, use of machinery, 
 overhead expenses, marketing, and shipping) is 
 recovered by the United States Treasury, consistent 
 with sections 5112
            (m) and 5134

    (f) of title 31, United 
 States Code.

    (2) Marketing and educational program.--The Secretary is 
 encouraged to develop and execute a marketing and educational 
 program, including appropriate cooperative marketing 
 opportunities with the Organizing Committee for the 2034 
 Olympic and Paralympic Winter Games and its licensees, to 
 promote and sell the coins authorized under this section.
 <all>