LA28 Olympic and Paralympic Games Commemorative Coin Act

Hozzl · 2024-03-14T04:05:45Z

Explore the details of House Bill 1794 LA28 Olympic and Paralympic Games Commemorative Coin Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/14/2024, 4:05 AM

Summary of Bill HR 1794

Bill 118 hr 1794, 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.

If passed, this bill would allow for the production of a limited number of commemorative coins to celebrate the upcoming Olympic and Paralympic Games. These coins would be available for purchase by the public, with the proceeds going towards supporting the US Olympic and Paralympic teams.

The coins would feature designs that highlight the spirit of the Olympic and Paralympic Games, as well as the city of Los Angeles as the host of the 2028 Games. The bill also includes provisions for the design, production, and sale of the coins, as well as guidelines for how the proceeds from the sales would be allocated. 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 production and sale of commemorative coins.

Congressional Summary of HR 1794

LA28 Olympic and Paralympic Games Commemorative Coin Act

This bill directs the Department of the Treasury to mint coins in commemoration of the 2028 Olympic and Paralympic Games in Los Angeles, California.

All surcharges received by Treasury from the sale of the coins shall be promptly paid by Treasury 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.

Treasury is encouraged to develop and execute a marketing and educational program to promote and sell the coins.

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Current Status of Bill HR 1794

Bill HR 1794 is currently in the status of Bill Introduced since March 24, 2023. Bill HR 1794 was introduced during Congress 118 and was introduced to the House on March 24, 2023. Bill HR 1794's most recent activity was Referred to the House Committee on Financial Services. as of March 24, 2023