WASHINGTON—U.S. Senator Mitt Romney (R-UT) joined Senators Alex Padilla (D-CA) and Dianne Feinstein (D-CA) in introducing the LA28 Olympic and Paralympic Games Commemorative Coin Act, legislation which will direct the Treasury Department to mint and issue four types of coins in commemoration of the 2028 Olympic and Paralympic Games in Los Angeles, California.
“The Olympics showcase the greatness of the human spirit, and it was one of the greatest honors of my life to organize the 2002 Salt Lake Games,” said Senator Romney. “I’m pleased to cosponsor this legislation, which will direct the Treasury to mint coins in commemoration of the upcoming Los Angeles 2028 Olympic and Paralympic Games—without costing the federal government a dollar.”
“While the eyes of the world will be on the Olympic and Paralympic Games in Los Angeles in 2028, the work preparing our region for this grand stage is already starting,” said Senator Padilla. “The transportation plans made in the coming years will not only make the Olympics and Paralympics run smoothly, but will also be an investment that will benefit commuters and the region for decades to come. This will be a major event in both Los Angeles and American history, that’s why I’m also introducing legislation to make a commemorative coin that will honor the 2028 Games and its legacy youth sports programs.”
The LA28 Olympic and Paralympic Games Commemorative Coin Act:
- Directs the Treasury Department to mint commemorative $5 gold coins, $1 silver coins, half dollar clad coins, and proof silver $1 coins.
- These coins are minted at no cost to the federal government since no funds are disbursed to the benefiting organization until the total cost of designing and issuing all of the coins is recovered by the Treasury Department.
- Any excess funds collected from the sale of these commemorative coins would aid in the execution of the 2028 Games and support its legacy programs, including the promotion of youth sports in the United States.
The text of the bill can be found here.