Olympic Coin Act of 1982

openUnited States· United States Congress· EN

Introduced

1 April 1982

Last action

12 May 1982 · Committee

Status

Subcommittee Hearings Held.

Sponsors

Rep. St Germain, Fernand J. [D-RI-1], Rep. Patterson, Jerry M. [D-CA-38], Rep. Matsui, Robert T. [D-CA-5], Rep. Stark, Fortney Pete [D-CA-13], Rep. Fazio, Vic [D-CA-3], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Mineta, Norman Y. [D-CA-15], Rep. Roybal, Edward R. [D-CA-25], Rep. Lantos, Tom [D-CA-12], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Anderson, Glenn M. [D-CA-32], Rep. Dymally, Mervyn M. [D-CA-31], Rep. Edwards, Don [D-CA-10], Rep. Panetta, Leon [D-CA-16], Rep. Frost, Martin [D-TX-24], Rep. Carman, Gregory W. [R-NY-3], Rep. Lundine, Stanley N. [D-NY-34], Rep. LaFalce, John J. [D-NY-29], Rep. Neal, Stephen L. [D-NC-5], Rep. Dixon, Julian C. [D-CA-32], Rep. Burgener, Clair W. [R-CA-43], Rep. Blanchard, James [D-MI-18], Rep. Lowry, Mike [D-WA-7], Rep. Boner, William H. [D-TN-5], Rep. Brown, George E., Jr. [D-CA-42], Rep. Dreier, David [R-CA-26], Rep. Frank, Barney [D-MA-4], Rep. Thomas, William M. [R-CA-21], Rep. Lewis, Jerry [R-CA-41], Rep. McKinney, Stewart B. [R-CT-4], Rep. Lowery, Bill [R-CA-41], Rep. Parris, Stanford E. (Stan) [R-VA-8], Rep. Wortley, George C. [R-NY-27], Rep. Clausen, Don H. [R-CA-2], Rep. Rousselot, John H. [R-CA-26], Rep. Beilenson, Anthony C. [D-CA-24], Rep. Hansen, George V. [R-ID-2], Rep. Leach, James A. [R-IA-2], Rep. Shumway, Norman D. [R-CA-14], Rep. Moorhead, Carlos J. [R-CA-22], Rep. Badham, Robert E. [R-CA-40], Rep. Coyne, James K. [R-PA-8], Rep. Goldwater, Barry, Jr. [R-CA-20]

Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Olympic Coin Act of 1982 - Provides for the minting of commemorative coins to honor and commemorate the 1984 Los Angeles Olympic Games. Requires the Secretary of the Treasury to determine the designs of such coins. Declares the coins legal tender and terminates their minting after December 31, 1984. Sets forth minting specifications. Authorizes the Secretary to enter into an agreement with the Los Angeles Olympic Organizing Committee which shall provide for the implementation of the purposes of this Act. Directs the Secretary to furnish such coins to the Los Angeles Olympic Organizing Committee at a price agreed to pursuant to such implementation agreement. Provides that all coins minted shall be delivered to the Los Angeles Olympic Organizing Committee for distribution and sale to the public in accordance with the terms of the implementation agreement. Sets the delivery date for each series of coins. Sets forth procedures and criteria for the committee to follow in selecting a marketing organization for such coins. States that proceeds received by the Los Angeles Olympic Organizing Committee from the commercial sale of such coins shall be used for the purpose of staging and promoting the 1984 Los Angeles Olympic Games and assisting the U.S. Olympic Committee and amateur athletics. Requires the organizing committee, on and after March 31, 1985, to remit all amounts received from the disposition of the coins to the U.S. Olympic Committee. Prohibits deduction of amounts derived from the disposition of such coins as charitable contributions for purposes of the Internal Revenue Code of 1954. Requires the organizing committee to pay the Secretary in advance such sums as are necessary to carry out the provisions of this Act. Requires the Secretary to report to Congress not later than 45 days after the end of each calendar quarter on the disposition of the coins minted during such quarter. Sets forth recordkeeping requirements for all parties governed by this Act and authorizes the Comptroller General to audit all such records.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1 April 1982
Introduced
Referred to House Committee on Banking, Finance and Urban Affairs.
Source: IntroReferral
1 April 1982
Introduced
Introduced in House
Source: IntroReferral
1 April 1982
Introduced
Introduced in House
Source: IntroReferral
6 April 1982
Committee
Subcommittee Hearings Held.
Source: Committee
6 April 1982
Referred
Referred to Subcommittee on Consumer Affairs and Coinage.
Source: Committee
21 April 1982
Committee
Subcommittee Hearings Held.
Source: Committee
29 April 1982
Committee
Subcommittee Hearings Held.
Source: Committee
11 May 1982
Committee
Subcommittee Hearings Held.
Source: Committee
12 May 1982
Committee
Subcommittee Hearings Held.
Source: Committee

Votes

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Versions

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Documents

1 official file

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Introduced in House
summary · EN · 1 April 1982
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/6058
Open data entity: https://api.congress.gov/v3/bill/97/hr/6058
us · 97-hr-6058 · source updated 29 August 2025