H.R. 4382 — America’s Olympic and Paralympic Games Commemorative Coins Act

This section states congressional findings on the 2028 Olympic and Paralympic Games in Los Angeles, California (i.e., the Games of the XXXIV Olympiad, or LA28), and the 2034 Olympic and Paralympic Winter Games in Salt Lake City, Utah (i.e., the XXVII Olympic Winter Games), including their status as the first U.S.-hosted Games in 26 years, historical hosting precedents, private funding model, and the potential for commemorative coins to promote inclusivity for people with disabilities.

This section establishes the 2028 Olympic and Paralympic Coin Program, directing the Secretary of the Treasury to mint and issue coins commemorating the 2028 Olympic and Paralympic Games in Los Angeles, California, as follows: (1) up to 100,000 $5 gold coins (8.359 grams, 0.850 inches diameter, 90% gold); (2) up to 500,000 $1 silver coins (26.73 grams, 1.500 inches diameter, 90% silver); (3) up to 300,000 half-dollar clad coins (11.34 grams, 1.205 inches diameter); and (4) up to 100,000 proof silver $1 coins (5 ounces, 3 inches diameter, .999 fine silver). The coins are legal tender (as provided in 31 U.S.C. 5103), considered numismatic items, and may have mintage increased based on market research if needed to meet demand. This section requires coin designs emblematic of U.S. athletes' participation in the LA28 Games, with specified inscriptions including the year "2028," and selected by the Secretary after consultation with the United States Olympic and Paralympic Properties and the Commission of Fine Arts, subject to review by the Citizens Coinage Advisory Committee. The Secretary may issue coins in uncirculated and proof qualities only during the one-year period beginning January 1, 2028; sell them at face value plus surcharges and costs (with bulk and prepaid discounts); and impose surcharges of $35 per $5 coin, $10 per $1 silver coin, $5 per half-dollar coin, and $50 per proof silver $1 coin—provided such issuance does not exceed the annual two commemorative coin program limit (subject to no surcharge in that case). This section directs surcharge proceeds, after costs, to the United States Olympic and Paralympic Properties to support the games, legacy programs, and youth sports promotion (subject to audits); requires no net cost to the federal government; and encourages a joint marketing program. (Thus, these numismatic coins—legal tender but sold at a premium—generate revenue for the recipient without taxpayer expense.)

This section authorizes the Secretary of the Treasury to mint and issue commemorative coins for the 2034 Olympic and Paralympic Winter Games in Salt Lake City, Utah, including up to 100,000 $5 gold coins (8.359 grams, 90% gold), 500,000 $1 silver coins (26.73 grams, 90% silver), 300,000 half-dollar clad coins (11.34 grams), and 100,000 5-ounce proof silver $1 coins (.999 fine silver), all designated as legal tender and numismatic items. The coins bear designs emblematic of the games (selected after consultations), required inscriptions ("Liberty," "In God We Trust," "United States of America," "E Pluribus Unum," "2034," and denominations), and may be issued in uncirculated or proof finishes during the one-year period beginning January 1, 2034. The section directs sales at face value plus surcharges ($35 per $5 coin, $10 per $1 silver coin, $5 per half-dollar coin, $50 per proof silver $1 coin) and design/issuance costs, with bulk and prepaid order discounts; surcharges (subject to audit) are paid to the Organizing Committee for games-related purposes and athlete programs after full U.S. Treasury cost recovery to ensure no net cost to the government. Mintage limits may increase based on U.S. Olympic and Paralympic Committee market research, but no surcharges apply if issuance would exceed the annual two commemorative coin program limit; the Secretary is encouraged to develop marketing in cooperation with the Organizing Committee.