America's Olympic and Paralympic Games Commemorative Coins Act
Summary
The "America's Olympic and Paralympic Games Commemorative Coins Act" directs the Secretary of the Treasury to mint coins commemorating the 2028 Los Angeles and 2034 Salt Lake City Olympic and Paralympic Games. The bill specifies the denominations, weights, designs, and issuance periods for these coins. It also outlines surcharges on the sale of the coins, with proceeds benefiting the US Olympic and Paralympic Properties and the Organizing Committee for the 2034 Games.
Expected Effects
This act will result in the creation and sale of commemorative coins. Surcharges from the coin sales will provide financial support to the organizing committees for the 2028 and 2034 Olympic and Paralympic Games. The act also aims to increase awareness and inclusivity for people with disabilities through a unifying coin design.
Potential Benefits
- Provides funding for the 2028 and 2034 Olympic and Paralympic Games.
- Increases awareness and inclusivity for people with disabilities.
- Commemorates the return of the Olympic and Paralympic Games to the United States.
- Encourages marketing and educational programs related to the Games.
- Could stimulate numismatic interest and sales.
Potential Disadvantages
- Potential for no net cost to the Federal Government is dependent on successful marketing and sales.
- Surcharges could be limited if commemorative coin programs exceed the annual limit.
- The act's impact on promoting youth sports and legacy programs depends on the effective execution by the recipient organizations.
- Limited direct impact on broader economic or social issues.
- Risk that the coins may not be widely collected, limiting the financial benefit.
Constitutional Alignment
This bill aligns with the constitutional power of Congress to coin money and regulate its value, as outlined in Article I, Section 8, Clause 5. The act does not appear to infringe upon any specific constitutional rights or limitations. The use of surcharges to support the Olympic and Paralympic Games is within the purview of Congress's spending power, as long as it aligns with the general welfare.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).