II 

117TH CONGRESS 

2D SESSION S. 4382 

To require the Secretary of the Treasury to mint coins in commemoration 

of the 2028 Olympic and Paralympic Games in Los Angeles, California. 

IN THE SENATE OF THE UNITED STATES 

JUNE 13, 2022 

Mr. PADILLA (for himself, Mrs. FEINSTEIN, and Mr. ROMNEY) 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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘LA28 Olympic and 

5 Paralympic Games Commemorative Coin Act’’. 

6 SEC. 2. FINDINGS. 

7 Congress finds the following: 

8 (1) The 2028 Olympic and Paralympic Games, 

9 officially known as the Games of the XXXIV OlymVerDate Sep 11 2014 02:09 Jun 17, 2022 Jkt 029200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S4382.IS S4382

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1 piad or ‘‘LA28’’, will be held in Los Angeles, Cali2 fornia. 

3 (2) This will be the first time the Olympic and 

4 Paralympic Games have been held in the United 

5 States in 26 years. 

6 (3) The United States has hosted the modern 

7 Olympic Games 9 times, with the 2028 Games be8 coming the third time Los Angeles will host the 

9 summer Olympic Games. 

10 (4) The Paralympic Games will celebrate its 

11 80th anniversary in 2028, with Los Angeles hosting 

12 the Paralympic Games for the first time. 

13 (5) Unlike some other countries, Olympic 

14 Games in the United States are privately funded. 

15 The LA28 Games maintain this model with its rev16 enue generated by corporate partners, broadcast 

17 rights, licensing, hospitality and ticket sales. 

18 (6) With Los Angeles hosting the Paralympic 

19 Games for the first time in 2028, the 2028 Olympic 

20 and Paralympic Games Commemorative Coin Pro21 gram has the opportunity to increase awareness and 

22 create more inclusivity for people with disabilities 

23 with the creation of a single, unifying coin to com24 memorate the Games. 


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1 SEC. 3. COIN SPECIFICATIONS. 

2 (a) DENOMINATIONS.—The Secretary of the Treas3 ury (in this Act referred to as the ‘‘Secretary’’) shall mint 

4 and issue the following coins in commemoration of the 

5 2028 Olympic and Paralympic Games in Los Angeles, 

6 California: 

7 (1) $5 GOLD COINS.—Not more than 100,000 

8 $5 coins, each of which shall— 

9 (A) weigh 8.359 grams; 

10 (B) have a diameter of 0.850 inches; and 

11 (C) contain not less than 90 percent gold. 

12 (2) $1 SILVER COINS.—Not more than 500,000 

13 $1 coins, each of which shall— 

14 (A) weigh 26.73 grams; 

15 (B) have a diameter of 1.500 inches; and 

16 (C) contain not less than 90 percent silver. 

17 (3) HALF DOLLAR CLAD COINS.—Not more 

18 than 300,000 half-dollar coins, each of which shall— 

19 (A) weigh 11.34 grams; 

20 (B) have a diameter of 1.205 inches; and 

21 (C) be minted to the specifications for half22 dollar coins contained in section 5112(b) of title 

23 31, United States Code. 

24 (4) PROOF SILVER $1 COINS.—Not more than 

25 100,000 proof silver $1 coins, each of which shall— 

26 (A) weigh 5 ounces; 


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1 (B) have a diameter of 3 inches; and 

2 (C) contain .999 fine silver. 

3 (b) LEGAL TENDER.—The coins minted under this 

4 Act shall be legal tender, as provided in section 5103 of 

5 title 31, United States Code. 

6 (c) NUMISMATIC ITEMS.—For purposes of section 

7 5134 of title 31, United States Code, all coins minted 

8 under this Act shall be considered to be numismatic items. 

9 (d) MINTAGE LIMIT EXCEPTION.—If the Secretary 

10 determines, based on independent, market based research 

11 conducted by the U.S. Olympic and Paralympic Com12 mittee, that the mintage levels described under this sub13 section are not adequate to meet public demand, the Sec14 retary may increase the mintage levels as the Secretary 

15 determines is necessary to meet public demand. 

16 SEC. 4. DESIGNS OF COINS. 

17 (a) DESIGN REQUIREMENTS.— 

18 (1) IN GENERAL.—The designs of the coins 

19 minted under this Act shall be emblematic of the 

20 participation of United States athletes in the LA28 

21 Games. 

22 (2) DESIGNATION AND INSCRIPTIONS.—On 

23 each coin minted under this Act there shall be— 

24 (A) a designation of the value of the coin; 

25 (B) an inscription of the year ‘‘2028’’; and 


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1 (C) inscriptions of the words ‘‘Liberty,’’ 

2 ‘‘In God We Trust,’’ ‘‘United States of Amer3 ica,’’ and ‘‘E Pluribus Unum’’. 

4 (3) SELECTION OF DESIGNS.—The designs for 

5 the coins minted under this Act shall be— 

6 (A) selected by the Secretary after con7 sultation with— 

8 (i) the United States Olympic and 

9 Paralympic Properties; and 

10 (ii) the Commission of Fine Arts; and 

11 (B) reviewed by the Citizens Coinage Advi12 sory Committee. 

13 SEC. 5. ISSUANCE OF COINS. 

14 (a) QUALITY OF COINS.—The Secretary may issue 

15 coins minted under this Act in uncirculated and proof 

16 qualities. 

17 (b) PERIOD OF ISSUANCE.—The Secretary may issue 

18 coins minted under this Act only during the 1-year period 

19 beginning on January 1, 2028. 

20 SEC. 6. SALE OF COINS. 

21 (a) SALE PRICE.—The coins issued under this Act 

22 shall be sold by the Secretary at a price equal to the sum 

23 of— 

24 (1) the face value of the coins; 


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1 (2) the surcharge provided in section 7(a) with 

2 respect to such coins; and 

3 (3) the cost of designing and issuing such coins 

4 (including labor, materials, dies, use of machinery, 

5 overhead expenses, and marketing, and shipping). 

6 (b) BULK SALES.—The Secretary shall make bulk 

7 sales of the coins issued under this Act at a reasonable 

8 discount. 

9 (c) PREPAID ORDERS.— 

10 (1) IN GENERAL.—The Secretary shall accept 

11 prepaid orders for the coins minted under this Act 

12 before the issuance of such coins. 

13 (2) DISCOUNT.—Sales with respect to prepaid 

14 orders under paragraph (1) shall be at a reasonable 

15 discount. 

16 SEC. 7. SURCHARGES. 

17 (a) IN GENERAL.—All sales of coins issued under this 

18 Act shall include a surcharge of— 

19 (1) $35 per coin for the $5 coin; 

20 (2) $10 per coin for the $1 coin described 

21 under section 3(a)(2); 

22 (3) $5 per coin for the half-dollar coin; and 

23 (4) $50 per coin for the $1 proof silver coin. 

24 (b) DISTRIBUTION.—Subject to section 5134(f) of 

25 title 31, United States Code, all surcharges received by 


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1 the Secretary from the sale of coins issued under this Act 

2 shall be promptly paid by the Secretary to the United 

3 States Olympic and Paralympic Properties for the objects 

4 and purposes related to the hosting of the 2028 Olympic 

5 and Paralympic Games and to aid in the execution of its 

6 legacy programs, including the promotion of youth sports 

7 in the United States. 

8 (c) AUDITS.—The United States Olympic and 

9 Paralympic Properties shall be subject to the audit re10 quirements of section 5134(f)(2) of title 31, United States 

11 Code, with regard to the amounts received under sub12 section (b). 

13 (d) LIMITATION.—Notwithstanding subsection (a), 

14 no surcharge may be included with respect to the issuance 

15 under this Act of any coin during a calendar year if, as 

16 of the time of such issuance, the issuance of such coin 

17 would result in the number of commemorative coin pro18 grams issued during such year to exceed the annual 2 

19 commemorative coin programs issuance limitation under 

20 section 5112(m)(1) of title 31, United States Code (as in 

21 effect on the date of the enactment of this Act). The Sec22 retary may issue guidance to carry out this subsection. 

23 SEC. 8. MARKETING AND FINANCIAL ASSURANCES. 

24 (a) IN GENERAL.—The Secretary shall take such ac25 tions as may be necessary to ensure that— 


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1 (1) minting and issuing coins under this Act re2 sult in no net cost to the Federal Government; and 

3 (2) no funds, including applicable surcharges, 

4 shall be disburses to any recipient designated in sec5 tion 7(b) until the total cost of designing and issuing 

6 all of the coins authorized by this Act, including 

7 labor, materials, dies, use of machinery, overhead ex8 penses, marketing and shipping, is recovered by the 

9 United States Treasury, consistent with sections 

10 5112(m) and 5134(f) of title 31, United States 

11 Code. 

12 (b) MARKETING AND EDUCATIONAL PROGRAM.—The 

13 Secretary is encouraged to develop and execute a mar14 keting and educational program, including appropriate co15 operative marketing opportunities with the United States 

16 Olympic and Paralympic Properties and its licensees, to 

17 promote and sell the coins authorized under this Act. 

Æ 


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