S. 2265 — America's Olympic and Paralympic Games Commemorative Coins Act

This section states congressional findings regarding the 2028 Olympic and Paralympic Games in Los Angeles, California (marking Los Angeles's third Summer Games and the Paralympics' first time there and 80th anniversary), and the 2034 Olympic and Paralympic Winter Games in Salt Lake City, Utah (marking the city's second Winter Games and the first U.S. Olympics in 26 years since 2002); notes the United States' history of hosting the modern Olympics nine times; recognizes the privately funded model relying on corporate partners, broadcast rights, licensing, hospitality, and ticket sales; and identifies the opportunity for the 2028 and 2034 Olympic and Paralympic Games Commemorative Coin Program to increase awareness and inclusivity for people with disabilities.

This section establishes a commemorative coin program for the 2028 Olympic and Paralympic Games in Los Angeles, California, directing the Secretary of the Treasury to mint and issue up to 100,000 $5 gold coins (8.359 grams, 0.850 inches diameter, 90% gold), 500,000 $1 silver coins (26.73 grams, 1.500 inches diameter, 90% silver), 300,000 half-dollar clad coins (11.34 grams, 1.205 inches diameter), and 100,000 5-ounce proof silver $1 coins (3 inches diameter, .999 fine silver), all designated as legal tender and numismatic items. The Secretary may waive mintage limits based on market research by the U.S. Olympic and Paralympic Committee if demand exceeds projections. Coin designs must be emblematic of U.S. athletes' participation in the LA28 Games, include required inscriptions (e.g., "Liberty," "In God We Trust," "2028"), and be selected by the Secretary after consultation with the U.S. Olympic and Paralympic Properties and Commission of Fine Arts, with review by the Citizens Coinage Advisory Committee. Coins may be issued in uncirculated or proof finishes only during the one-year period beginning January 1, 2028, and sold at face value plus surcharges and design/issuance costs, with bulk sales and prepaid orders at reasonable discounts. Sales include surcharges of $35 per $5 coin, $10 per $1 silver coin, $5 per half-dollar coin, and $50 per proof silver $1 coin (except if issuance would exceed the annual limit of two commemorative coin programs under current law), with proceeds paid to the U.S. Olympic and Paralympic Properties to support Games hosting, legacy programs, and youth sports promotion, subject to audits. The program must impose no net cost on the federal government, with no surcharge disbursements until all design and issuance costs (e.g., labor, materials, marketing) are recovered; the Secretary is encouraged to develop a joint marketing program with the U.S. Olympic and Paralympic Properties.

This section authorizes the U.S. Mint to issue commemorative coins for the 2034 Olympic and Paralympic Winter Games in Salt Lake City, Utah, during the one-year period beginning January 1, 2034, consisting of (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), with mintage levels waivable based on market demand research by the U.S. Olympic and Paralympic Committee. The coins are legal tender (per 31 U.S.C. 5103), treated as numismatic items (for 31 U.S.C. §§5134, 5136), and bear designs emblematic of the games (selected after consultations), the year "2034," and required inscriptions ("Liberty," "In God We Trust," "United States of America," "E Pluribus Unum"). The section directs sales at face value plus surcharges of $35 ($5 coins), $10 ($1 coins), $5 (half-dollar coins), and $50 (proof $1 coins)—plus design and issuance costs—with bulk and prepaid order discounts; surcharges are paid to the Organizing Committee after full U.S. Treasury cost recovery (including labor, materials, marketing, and shipping) and subject to audits (per 31 U.S.C. §5134(f)), but only if issuance does not exceed the annual two-program limit on commemorative coins (per 31 U.S.C. §5112(m)). The section requires no net cost to the U.S. government and encourages a marketing program with the Organizing Committee.