LA28 Olympic and Paralympic Games Commemorative Coin Act

Bill 117 HR 8047, also known as the LA28 Olympic and Paralympic Games Commemorative Coin Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to authorize the minting and issuance of commemorative coins in recognition of the 2028 Olympic and Paralympic Games, which are set to take place in Los Angeles.

The coins authorized by this bill will be minted in gold, silver, and half-dollar clad metals. The design of the coins will be emblematic of the spirit of the Olympic and Paralympic Games, as well as the city of Los Angeles. The proceeds from the sale of these coins will go towards supporting the US Olympic and Paralympic teams, as well as the LA28 Organizing Committee.

The bill also establishes a surcharge on the sale of these coins, with the funds raised from the surcharge going towards the United States Olympic and Paralympic Foundation. This foundation provides financial support to athletes, coaches, and programs that help train and prepare US athletes for the Olympic and Paralympic Games. Overall, the LA28 Olympic and Paralympic Games Commemorative Coin Act aims to celebrate and support the upcoming 2028 Olympic and Paralympic Games in Los Angeles through the minting of commemorative coins and the establishment of a surcharge to benefit US Olympic and Paralympic athletes.