Bill Overview
Title: LA28 Olympic and Paralympic Games Commemorative Coin Act
Description: 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.
Sponsors: Rep. Sherman, Brad [D-CA-30]
Target Audience
Population: People involved in or benefiting from the LA28 Olympics and Paralympics
Estimated Size: 500000
- The LA28 Olympics and Paralympics are scheduled to take place in Los Angeles, which is in the United States. This makes it a significant event for the host country.
- The minting and sale of commemorative coins is primarily a symbolic economic activity that will likely have broader impacts on those interested in collecting such coins.
- Funds raised by the coin sales are intended to support the hosting of the games and promote youth sports, potentially affecting athletes and sports programs across the nation.
- Olympic and Paralympic Games have international interest and involve athletes from around the world, but the direct economic impact of this coin program is confined mostly to the US.
Reasoning
- The commemorative coin program primarily impacts those who are directly engaged in or benefit from the 2028 Olympics and youth sports initiatives, notably athletes, sport organizers, and coin collectors.
- The financial impact, though symbolic, might enhance funding for Olympic-related infrastructure and youth sports, potentially boosting community sports engagement.
- A wide range of people will not be directly impacted individually, such as those not involved in sports or coin collecting, resulting in diverse wellbeing impacts across the population.
Simulated Interviews
Youth Sports Coordinator (Los Angeles, California)
Age: 35 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 20.0 years
Commonness: 5/20
Statement of Opinion:
- This policy could significantly enhance our funding for youth programs in LA.
- I hope it encourages more children to participate in sports.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 9 | 7 |
| Year 5 | 9 | 7 |
| Year 10 | 9 | 7 |
| Year 20 | 9 | 7 |
Coin Collector (New York, New York)
Age: 46 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 10/20
Statement of Opinion:
- It's exciting to add new Olympic coins to my collection.
- I don't expect it'll change much for the coin community's wellbeing overall.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Paralympic Athlete (Houston, Texas)
Age: 28 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 10.0 years
Commonness: 3/20
Statement of Opinion:
- Funding from the coin sales could improve facilities and training programs for Paralympians.
- Long-term support adds real value to the Paralympic community.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 9 | 8 |
| Year 2 | 9 | 8 |
| Year 3 | 9 | 8 |
| Year 5 | 9 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
High School Athletic Director (Des Moines, Iowa)
Age: 55 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 15/20
Statement of Opinion:
- Increased attention to youth sports may trickle down to school programs.
- However, without direct funding, the impact here will be minimal.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 7 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Retired (Los Angeles, California)
Age: 62 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 0.0 years
Commonness: 8/20
Statement of Opinion:
- I'm enthusiastic about initiatives supporting the LA28 Games.
- Yet, the coins are more symbolic and won't largely impact local communities like mine directly.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Barista (San Francisco, California)
Age: 23 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 0.0 years
Commonness: 18/20
Statement of Opinion:
- As someone not involved in sports, this doesn't affect me much.
- I'm curious if it will boost the local economy though.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 5 | 5 |
| Year 3 | 5 | 5 |
| Year 5 | 5 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Olympic Sports Journalist (Atlanta, Georgia)
Age: 50 | Gender: male
Wellbeing Before Policy: 9
Duration of Impact: 5.0 years
Commonness: 4/20
Statement of Opinion:
- This policy could provide more content to write about and promote the Olympic spirit.
- The real impact is more in narrative than tangible wellbeing changes.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 9 | 9 |
| Year 2 | 9 | 9 |
| Year 3 | 9 | 9 |
| Year 5 | 9 | 9 |
| Year 10 | 9 | 9 |
| Year 20 | 9 | 9 |
Sports Program Manager (Chicago, Illinois)
Age: 40 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 12/20
Statement of Opinion:
- Coins could open new funding avenues for our programs.
- Implementation success depends on marketing and policy execution.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 7 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Public Relations Specialist (Phoenix, Arizona)
Age: 31 | Gender: other
Wellbeing Before Policy: 5
Duration of Impact: 5.0 years
Commonness: 11/20
Statement of Opinion:
- This policy aligns with promoting sports but might not reach grassroots initiatives like ours.
- Hopeful for long-term systemic benefits, albeit indirectly.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 5 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 6 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Graphic Designer (Miami, Florida)
Age: 29 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 0.0 years
Commonness: 13/20
Statement of Opinion:
- The coin designs intrigue me from an artistic perspective.
- Not much change expected in my daily life or wellbeing.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 5 | 5 |
| Year 3 | 5 | 5 |
| Year 5 | 5 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Cost Estimates
Year 1: $2000000 (Low: $1500000, High: $2500000)
Year 2: $500000 (Low: $300000, High: $700000)
Year 3: $200000 (Low: $100000, High: $300000)
Year 5: $100000 (Low: $50000, High: $150000)
Year 10: $0 (Low: $0, High: $0)
Year 100: $0 (Low: $0, High: $0)
Key Considerations
- The exact number of coins sold will significantly influence net costs or savings.
- Economic impact is largely non-commercial and symbolic, focusing on supporting the Olympic movement.
- Potential interest from international buyers might contribute to coin sales but is not the primary market.