I 

118TH CONGRESS 

1ST SESSION H. R. 1794 

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 HOUSE OF REPRESENTATIVES 

MARCH 24, 2023 

Mr. SHERMAN (for himself, Mr. LUCAS, Mrs. NAPOLITANO, Mr. CORREA, Mr. 

COSTA, Ms. DEGETTE, Mr. GRIJALVA, Ms. KAMLAGER-DOVE, Mrs. KIM

of California, Mr. LIEU, Ms. CHU, Mr. BACON, Ms. PORTER, Ms. 

SA ́NCHEZ, Mr. SCHIFF, Mrs. STEEL, Mr. ROBERT GARCIA of California, 

Ms. BROWNLEY, and Ms. LEE of California) introduced the following bill; 

which was referred to the Committee on Financial Services 

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: 


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1 (1) The 2028 Olympic and Paralympic Games, 

2 officially known as the Games of the XXXIV Olym3 piad or ‘‘LA28’’, will be held in Los Angeles, Cali4 fornia. 

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

6 Paralympic Games have been held in the United 

7 States in 26 years. 

8 (3) The United States has hosted the modern 

9 Olympic Games 9 times, with the 2028 Games be10 coming the third time Los Angeles will host the 

11 summer Olympic Games. 

12 (4) The Paralympic Games will celebrate its 

13 80th anniversary in 2028, with Los Angeles hosting 

14 the Paralympic Games for the first time. 

15 (5) Unlike some other countries, Olympic 

16 Games in the United States are privately funded. 

17 The LA28 Games maintain this model with its rev18 enue generated by corporate partners, broadcast 

19 rights, licensing, hospitality and ticket sales. 

20 (6) With Los Angeles hosting the Paralympic 

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

22 and Paralympic Games Commemorative Coin Pro23 gram has the opportunity to increase awareness and 

24 create more inclusivity for people with disabilities 


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1 with the creation of a single, unifying coin to com2 memorate the Games. 

3 SEC. 3. COIN SPECIFICATIONS. 

4 (a) DENOMINATIONS.—The Secretary of the Treas5 ury (in this Act referred to as the ‘‘Secretary’’) shall mint 

6 and issue the following coins in commemoration of the 

7 2028 Olympic and Paralympic Games in Los Angeles, 

8 California: 

9 (1) $5 GOLD COINS.—Not more than 100,000 

10 $5 coins, each of which shall— 

11 (A) weigh 8.359 grams; 

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

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

14 (2) $1 SILVER COINS.—Not more than 500,000 

15 $1 coins, each of which shall— 

16 (A) weigh 26.73 grams; 

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

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

19 (3) HALF-DOLLAR CLAD COINS.—Not more 

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

21 (A) weigh 11.34 grams; 

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

23 (C) be minted to the specifications for half24 dollar coins contained in section 5112(b) of title 

25 31, United States Code. 


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

2 100,000 proof silver $1 coins, each of which shall— 

3 (A) weigh 5 ounces; 

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

5 (C) contain .999 fine silver. 

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

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

8 title 31, United States Code. 

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

10 5134 of title 31, United States Code, all coins minted 

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

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

13 determines, based on independent, market based research 

14 conducted by the U.S. Olympic and Paralympic Com15 mittee, that the mintage levels described under this sub16 section are not adequate to meet public demand, the Sec17 retary may increase the mintage levels as the Secretary 

18 determines is necessary to meet public demand. 

19 SEC. 4. DESIGN OF COINS. 

20 (a) DESIGN REQUIREMENTS.— 

21 (1) IN GENERAL.—The design of the coins 

22 minted under this Act shall be emblematic of the 

23 participation of United States athletes in the LA28 

24 Games. 


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1 (2) DESIGNATION AND INSCRIPTIONS.—On 

2 each coin minted under this Act there shall be— 

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

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

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

6 ‘‘In God We Trust,’’ ‘‘United States of Amer7 ica,’’ and ‘‘E Pluribus Unum’’. 

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

9 the coins minted under this Act shall be— 

10 (A) selected by the Secretary after con11 sultation with— 

12 (i) the United States Olympic and 

13 Paralympic Properties; and 

14 (ii) the Commission of Fine Arts; and 

15 (B) reviewed by the Citizens Coinage Advi16 sory Committee. 

17 SEC. 5. ISSUANCE OF COINS. 

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

19 coins minted under this Act in uncirculated and proof 

20 qualities. 

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

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

23 beginning on January 1, 2028. 


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1 SEC. 6. SALE OF COINS. 

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

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

4 of— 

5 (1) the face value of the coins; 

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

7 respect to such coins; and 

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

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

10 overhead expenses, and marketing, and shipping). 

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

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

13 discount. 

14 (c) PREPAID ORDERS.— 

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

16 prepaid orders for the coins minted under this Act 

17 before the issuance of such coins. 

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

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

20 discount. 

21 SEC. 7. SURCHARGES. 

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

23 Act shall include a surcharge of— 

24 (1) $35 per coin for the $5 coin; 

25 (2) $10 per coin for the $1 coin described 

26 under section 3(a)(2); 


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1 (3) $5 per coin for the half-dollar coin; and 

2 (4) $50 per coin for the $1 proof silver coin. 

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

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

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

6 shall be promptly paid by the Secretary to the United 

7 States Olympic and Paralympic Properties for the objects 

8 and purposes related to the hosting of the 2028 Olympic 

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

10 legacy programs, including the promotion of youth sports 

11 in the United States. 

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

13 Paralympic Properties shall be subject to the audit re14 quirements of section 5134(f)(2) of title 31, United States 

15 Code, with regard to the amounts received under sub16 section (b). 

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

18 no surcharge may be included with respect to the issuance 

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

20 of the time of such issuance, the issuance of such coin 

21 would result in the number of commemorative coin pro22 grams issued during such year to exceed the annual 2 

23 commemorative coin programs issuance limitation under 

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


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1 effect on the date of the enactment of this Act). The Sec2 retary may issue guidance to carry out this subsection. 

3 SEC. 8. MARKETING AND FINANCIAL ASSURANCES. 

4 (a) IN GENERAL.—The Secretary shall take such ac5 tions as may be necessary to ensure that— 

6 (1) minting and issuing coins under this Act re7 sult in no net cost to the Federal Government; and 

8 (2) no funds, including applicable surcharges, 

9 shall be disburses to any recipient designated in sec10 tion 7(b) until the total cost of designing and issuing 

11 all of the coins authorized by this Act, including 

12 labor, materials, dies, use of machinery, overhead ex13 penses, marketing and shipping, is recovered by the 

14 United States Treasury, consistent with sections 

15 5112(m) and 5134(f) of title 31, United States 

16 Code. 

17 (b) MARKETING AND EDUCATIONAL PROGRAM.—The 

18 Secretary is encouraged to develop and execute a mar19 keting and educational program, including appropriate co20 operative marketing opportunities with the United States 

21 Olympic and Paralympic Properties and its licensees, to 

22 promote and sell the coins authorized under this Act. 

Æ 


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