I 
117TH CONGRESS 
2D SESSION 
H. R. 8047 
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 
JUNE 13, 2022 
Mr. SHERMAN 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. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘LA28 Olympic and 
Paralympic Games Commemorative Coin Act’’. 
SEC. 2. FINDINGS. 
Congress finds the following: 
(1) The 2028 Olympic and Paralympic Games, 
officially known as the Games of the XXXIV Olym-
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piad or ‘‘LA28’’, will be held in Los Angeles, Cali-
fornia. 
(2) This will be the first time the Olympic and 
Paralympic Games have been held in the United 
States in 26 years. 
(3) The United States has hosted the modern 
Olympic Games 9 times, with the 2028 Games be-
coming the third time Los Angeles will host the 
summer Olympic Games. 
(4) The Paralympic Games will celebrate its 
80th anniversary in 2028, with Los Angeles hosting 
the Paralympic Games for the first time. 
(5) Unlike some other countries, Olympic 
Games in the United States are privately funded. 
The LA28 Games maintain this model with its rev-
enue generated by corporate partners, broadcast 
rights, licensing, hospitality and ticket sales. 
(6) With Los Angeles hosting the Paralympic 
Games for the first time in 2028, the 2028 Olympic 
and Paralympic Games Commemorative Coin Pro-
gram has the opportunity to increase awareness and 
create more inclusivity for people with disabilities 
with the creation of a single, unifying coin to com-
memorate the Games. 
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SEC. 3. COIN SPECIFICATIONS. 
(a) DENOMINATIONS.—The Secretary of the Treas-
ury (in this Act referred to as the ‘‘Secretary’’) shall mint 
and issue the following coins in commemoration of the 
2028 Olympic and Paralympic Games in Los Angeles, 
California: 
(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 300,000 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. 
(4) PROOF SILVER $1 COINS.—Not more than 
100,000 proof silver $1 coins, each of which shall— 
(A) weigh 5 ounces; 
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(B) have a diameter of 3 inches; and 
(C) contain .999 fine silver. 
(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 section 
5134 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 the U.S. Olympic and Paralympic Com-
mittee, that the mintage levels described under this sub-
section are not adequate to meet public demand, the Sec-
retary 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 design of the coins 
minted under this Act shall be emblematic of the 
participation of United States athletes in the LA28 
Games. 
(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 ‘‘2028’’; and 
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(C) inscriptions of the words ‘‘Liberty,’’ 
‘‘In God We Trust,’’ ‘‘United States of Amer-
ica,’’ and ‘‘E Pluribus Unum’’. 
(3) SELECTION OF DESIGNS.—The designs for 
the coins minted under this Act shall be— 
(A) selected by the Secretary after con-
sultation with— 
(i) the United States Olympic and 
Paralympic Properties; and 
(ii) the Commission of Fine Arts; and 
(B) reviewed by the Citizens Coinage Advi-
sory 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 minted under this Act only during the 1-year period 
beginning on January 1, 2028. 
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; 
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(2) the surcharge provided in section 7(a) with 
respect to such coins; and 
(3) the cost of designing and issuing such coins 
(including labor, materials, dies, use of machinery, 
overhead expenses, and 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.—Sales 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 described 
under section 3(a)(2); 
(3) $5 per coin for the half-dollar coin; and 
(4) $50 per coin for the $1 proof silver coin. 
(b) DISTRIBUTION.—Subject to section 5134(f) of 
title 31, United States Code, all surcharges received by 
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the Secretary from the sale of coins issued under this Act 
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. 
(c) AUDITS.—The United States Olympic and 
Paralympic Properties shall be subject to the audit re-
quirements of section 5134(f)(2) of title 31, United States 
Code, with regard to the amounts received under sub-
section (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 pro-
grams 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). The Sec-
retary may issue guidance to carry out this subsection. 
SEC. 8. MARKETING AND FINANCIAL ASSURANCES. 
(a) IN GENERAL.—The Secretary shall take such ac-
tions as may be necessary to ensure that— 
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(1) minting and issuing coins under this Act re-
sult in no net cost to the Federal Government; and 
(2) no funds, including applicable surcharges, 
shall be disburses to any recipient designated in sec-
tion 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, overhead ex-
penses, marketing and shipping, is recovered by the 
United States Treasury, consistent with sections 
5112(m) and 5134(f) of title 31, United States 
Code. 
(b) MARKETING AND EDUCATIONAL PROGRAM.—The 
Secretary is encouraged to develop and execute a mar-
keting and educational program, including appropriate co-
operative marketing opportunities with the United States 
Olympic and Paralympic Properties and its licensees, to 
promote and sell the coins authorized under this Act. 
Æ 
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