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Olympic Commemorative Coin Act

Public Law 97-220 · S. 1230 · 97th Congress · began in the Senate

Signed by Ronald Reagan (R) on Jul 22, 1982 · Commemorations

Sponsor: Sen. Alan Cranston (D-CA)

Cosponsors (21): Sen. Jake Garn,

Passage votes

  • HouseVoice vote
  • SenateVoice vote
Data notes

The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.

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Summary

The Congressional Research Service’s plain-language summary of what the law does.

Olympic Commemorative Coin Act - Directs the Secretary of the Treasury to issue one-dollar silver coins and ten-dollar gold coins emblematic of the 1984 Los Angeles Summer Olympic Games. Requires the Secretary to determine the designs of such coins. Requires the issuance of the silver coins in two separate designs, one in 1983 and one in 1984. Declares such coins legal tender and limits the amount issued. Requires the Secretary to obtain silver for the coins from stocks held by the Treasury or any other federally owned silver stocks.

Directs the Secretary to prescribe regulations for the sale of such coins within the United States, including a surcharge per coin.

Requires the Secretary to assign the rights to market such coins outside the United States to one or more marketing organizations selected by a committee consisting of the Secretary, the executive director of the United States Olympic Committee, and the President of the Los Angeles Olympic Organizing Committee. Sets forth selection criteria for such marketing organizations.

Directs the Secretary to pay: (1) 50 percent of all surcharges from the sale of the coins to the United States Olympic Committee to train United States Olympic athletes, support local or community amateur athletic programs, and to erect training facilities; and (2) 50 percent of such surcharges to the Los Angeles Olympic Organizing Committee to stage and promote the games. Prohibits amounts paid to the Committees from exceeding the surcharges received by the Secretary.

Requires the Secretary to enter into an implementation agreement with the marketing organization selected under this Act, which shall ensure that the issuance of the commemorative coins shall result in no net cost to the United States. Authorizes the Secretary to terminate the agreement if the termination is in the best interests of the United States.

Requires deposit of all amounts received from the sale of such coins in the Coinage Profit Fund. Charges all expenditures under this Act to such Fund.

Grants the Comptroller General the right to examine the records of the United States Olympic Committee and the Los Angeles Olympic Organizing Committee with respect to amounts received under this Act.

Prohibits the issuance of coins under this Act unless the Secretary has received full payment for them.

Requires the Secretary to report to Congress not later than 45 days after each calendar quarter on the activities carried out under this Act during such quarter. Terminates such requirement after December 31, 1985.

Committees

The committees the bill was sent to, and what each did with it.

Data notes

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Timeline

From introduction to signing, newest first: the committees, the floor and the president. 16 actions.

  1. Jul 22, 1982Became lawBecame law · Became Public Law No: 97-220.
  2. Became lawBecame law · Signed by President.
  3. Jul 13, 1982PresidentPresident · Presented to President.
  4. Jul 1, 1982Resolving differencesResolving differences · Senate agreed to the House amendment. By Voice Vote.
  5. FloorFloor · Committee on Banking discharged by unanimous consent.
  6. May 20, 1982FloorFloor · Passed House (Amended) by Voice Vote.
  7. FloorFloor · Rule Passed House.
  8. May 17, 1982CommitteeCommittee · Reported by House Financial Services Committee
  9. May 13, 1982CommitteeCommittee · Markup by House Financial Services Committee
  10. Mar 2, 1982CommitteeCommittee · Referred to House Financial Services Committee
  11. Dec 9, 1981FloorFloor · Passed Senate with amendments by Voice Vote.
  12. Oct 30, 1981CommitteeCommittee · Reported by Senate Banking, Housing, and Urban Affairs Committee
  13. Oct 15, 1981CommitteeCommittee · Markup by Senate Banking, Housing, and Urban Affairs Committee
  14. Jul 14, 1981CommitteeCommittee · Hearings by Senate Banking, Housing, and Urban Affairs Committee
  15. May 20, 1981CommitteeCommittee · Referred to Senate Banking, Housing, and Urban Affairs Committee
  16. IntroducedIntroduced · Introduced in the Senate
Data notes

Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.

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Official record

The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.