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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7438 Enrolled Bill (ENR)]

        H.R.7438

                     One Hundred Eighteenth Congress

                                 of the

                        United States of America

                          AT THE SECOND SESSION

         Begun and held at the City of Washington on Wednesday,
         the third day of January, two thousand and twenty-four

                                 An Act

 
To require the Secretary of the Treasury to mint coins in commemoration 
           of the FIFA World Cup 2026, and for other purposes.

    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 ``FIFA World Cup 2026 Commemorative 
Coin Act''.
SEC. 2. FINDINGS.
    Congress finds the following:
        (1) The FIFA World Cup 2026--
            (A) will be held in the United States, Mexico, and Canada;
            (B) will be the first time the Men's World Cup has been 
        held in the United States in 32 years; and
            (C) will be the second Men's World Cup hosted by the United 
        States and the largest and most inclusive World Cup ever 
        hosted, with 48 teams in 16 cities across 3 countries.
        (2) Host cities and locations in the United States will include 
    Atlanta, Boston, Dallas, Houston, Kansas City, Los Angeles, Miami, 
    the New York/New Jersey area, the San Francisco Bay area, and 
    Seattle.
        (3) The FIFA World Cup 2026 will be organized under a FIFA-led 
    operating model, which was introduced in the FIFA Women's World Cup 
    in Australia and New Zealand in 2023.
        (4) Through the FIFA-led operating model, the FIFA World Cup 
    2026 is being planned and executed by FWC2026 US, Inc., an 
    organization exempt from taxation pursuant to section 501(c)(4) of 
    the Internal Revenue Code of 1986, headquartered in Miami.
        (5) The FIFA-led operating model includes a guaranteed 
    framework for providing a legacy fund to each participating host 
    member: the United States Soccer Federation, Canada Soccer, and the 
    Mexican Football Federation.
        (6) A FIFA World Cup 2026 commemorative coin program has the 
    opportunity to shape a lasting legacy for the sport of soccer in 
    the United States, support underserved communities, and celebrate a 
    unifying global event.
SEC. 3. COIN SPECIFICATIONS.
    (a) Denominations.--The Secretary of the Treasury shall mint and 
issue the following coins in commemoration of the FIFA World Cup 2026:
        (1) $5 gold coins.--Not more than 100,000 $5 coins, each of 
    which shall--
            (A) weigh 8.359 grams;
            (B) have a diameter of 0.850 inches; and
            (C) contain not less than 90 percent gold.
        (2) $1 silver coins.--Not more than 500,000 $1 coins, each of 
    which shall--
            (A) weigh 26.73 grams;
            (B) have a diameter of 1.500 inches; and
            (C) contain not less than 90 percent silver.
        (3) Half-dollar clad coins.--Not more than 750,000 half-dollar 
    coins, each of which shall--
            (A) weigh 11.34 grams;
            (B) have a diameter of 1.205 inches; and
            (C) be minted to the specifications for half-dollar coins 
        contained in section 5112(b) of title 31, United States Code.
    (b) Legal Tender.--The coins minted under this Act shall be legal 
tender, as provided in section 5103 of title 31, United States Code.
    (c) Numismatic Items.--For purposes of sections 5134 and 5136 of 
title 31, United States Code, all coins minted under this Act shall be 
considered to be numismatic items.
    (d) Mintage Limit Exception.--If the Secretary determines, based on 
independent, market-based research conducted by FWC2026 US, Inc., 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.
SEC. 4. DESIGN OF COINS.
    (a) Design Requirements.--
        (1) In general.--The designs of the coins minted under this Act 
    shall be emblematic of the sport of soccer and the FIFA World Cup.
        (2) Designation and inscriptions.--On each coin minted under 
    this Act, there shall be--
            (A) a designation of the value of the coin;
            (B) an inscription of the year ``2026''; and
            (C) inscriptions of the words ``Liberty'', ``In God We 
        Trust'', ``United States of America'', and ``E Pluribus Unum''.
        (3) Selection.--The designs for the coins minted under this Act 
    shall be--
            (A) selected by the Secretary after consultation with--
                (i) FWC2026 US, Inc.; and
                (ii) the Commission of Fine Arts; and
            (B) reviewed by the Citizens Coinage Advisory Committee.
SEC. 5. ISSUANCE OF COINS.
    (a) Quality of Coins.--The Secretary may issue coins minted under 
this Act in uncirculated and proof qualities.
    (b) Period of Issuance.--The Secretary may issue coins under this 
Act only during the calendar year beginning on January 1, 2026.
SEC. 6. SALE OF COINS.
    (a) Sale Price.--The coins issued under this Act shall be sold by 
the Secretary at a price equal to the sum of--
        (1) the face value of the coins;
        (2) the surcharge provided in section 7(a) with respect to such 
    coins; and
        (3) the cost of designing and issuing the coins (including 
    labor, materials, dies, use of machinery, overhead expenses, 
    marketing, and shipping).
    (b) Bulk Sales.--The Secretary shall make bulk sales of the coins 
issued under this Act at a reasonable discount.
    (c) Prepaid Orders.--
        (1) In general.--The Secretary shall accept prepaid orders for 
    the coins minted under this Act before the issuance of such coins.
        (2) Discount.--Sale prices with respect to prepaid orders under 
    paragraph (1) shall be at a reasonable discount.
SEC. 7. SURCHARGES.
    (a) In General.--All sales of coins issued under this Act shall 
include a surcharge of--
        (1) $35 per coin for the $5 coin;
        (2) $10 per coin for the $1 coin; and
        (3) $5 per coin for the half-dollar coin.
    (b) 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 Act shall be paid to FWC2026 US, Inc., for the 
purpose of aiding or executing United States-based soccer programs and 
activities, including the promotion of--
        (1) FIFA's legacy programs in the United States; and
        (2) efforts to grow the sport of soccer throughout the United 
    States, with a focus on youth, inner cities, and underserved 
    communities.
    (c) Audits.--FWC2026 US, Inc., 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 subsection (b).
    (d) Limitation.--Notwithstanding subsection (a), no surcharge may 
be included with respect to the issuance under this Act 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 program 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). The Secretary may issue guidance to carry out this subsection.
SEC. 8. FINANCIAL ASSURANCES.
    The Secretary shall take such actions as may be necessary to ensure 
that--
        (1) minting and issuing coins under this Act will not result in 
    any net cost to the United States Government; and
        (2) no funds, including applicable surcharges, are disbursed to 
    any recipient designated in section 7(b) until the total cost of 
    designing and issuing all of the coins authorized by this Act 
    (including labor, materials, dies, use of machinery, winning design 
    compensation, overhead expenses, and shipping) is recovered by the 
    United States Treasury, consistent with sections 5112(m) and 
    5134(f) of title 31, United States Code.
SEC. 9. DEFINITIONS.
    In this Act:
        (1) FIFA.--The term ``FIFA'' means the Federation 
    Internationale de Football Association.
        (2) FIFA world cup 2026.--The term ``FIFA World Cup 2026'' 
    means the FIFA Men's World Cup held in 2026.
        (3) FWC2026 us, inc.--The term ``FWC2026 US, Inc.'' means the 
    FIFA subsidiary incorporated in the United States for the purpose 
    of operating the FIFA World Cup 2026 and related programs.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.
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