,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dchb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #ac1 #bjbb,mr4   
,padilla 7= himself1 ,mrs4 ,fe9/e91 &   
,mr4 ,romney7 introduc$ ! foll[+ bill2  
:i* 0 read twice & ref]r$ to !          
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,a ,,bill  ,to require !      
,secret>y ( ! ,treasury to m9t co9s 9   
commemoration ( ! #bjbh ,olympic &      
,p>alympic ,games 9 ,los ,angeles1      
,cali=nia4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,,la#bh ,olympic &      
,p>alympic ,games ,commemorative ,co9   
,act4  #b4 ,f9d+s ,congress f9ds !      
foll[+3 7#a7 ,! #bjbh ,olympic &        
,p>alympic ,games1 (ficially kn[n z !   
,games ( ! ,,xxxiv ,olympiad or ,,la#bh1
 w be held 9 ,los ,angeles1 ,cali=nia4  
7#b7 ,?is w be ! fir/ "t ! ,olympic &   
,p>alympic ,games h be5 held 9 ! ,unit$ 
,/ates 9 #bf ye>s4  7#c7 ,! ,unit$      
,/ates has ho/$ ! mod]n ,olympic ,games 
#i times1 ) ! #bjbh ,games becom+ ! ?ird
 "t ,los ,angeles w ho/ ! summ] ,olympic

 ,games4  7#d7 ,! ,p>alympic ,games w   
celebrate its #hj? anniv]s>y 9 #bjbh1 ) 
,los ,angeles ho/+ ! ,p>alympic ,games =
 ! fir/ "t4  7#e7 ,unlike "s o!r        
c\ntries1 ,olympic ,games 9 ! ,unit$    
,/ates are privately fund$4 ,! ,,la#bh  
,games ma9ta9 ?is model ) its rev5ue    
g5]at$ by corporate p>tn]s1 broadca/    
rights1 lic5s+1 hospitality & ticket    
sales4  7#f7 ,) ,los ,angeles ho/+ !    
,p>alympic ,games = ! fir/ "t 9 #bjbh1 !
 #bjbh ,olympic & ,p>alympic ,games     
,commemorative ,co9 ,program has !      
opportunity to increase aw>5ess & create
 m inclusivity = p ) disabilities ) !   
creation ( a s+le1 unify+ co9 to        
commemorate ! ,games4  #c4 ,co9         
specifications  7a7 ,d5om9ations ,!     
,secret>y ( ! ,treasury 79 ?is ,act     
ref]r$ to z ! ,secret>y7 %all m9t &     
issue ! foll[+ co9s 9 commemoration ( ! 
#bjbh ,olympic & ,p>alympic ,games 9    
,los ,angeles1 ,cali=nia3 7#a7 #e ,gold 
co9s ,n m ?an #ajj1jjj #e co9s1 ea* (   
:i* %all-- 7,a7 weigh #h4cei grams2     

7,b7 h a diamet] ( #j4hej in*es2 &  7,c7
 conta9 n less ?an #ij p]c5t gold4  7#b7
 #a silv] co9s ,n m ?an #ejj1jjj #a     
co9s1 ea* ( :i* %all-- 7,a7 weigh #bf4gc
 grams2  7,b7 h a diamet] ( #a4ejj      
in*es2 &  7,c7 conta9 n less ?an #ij    
p]c5t silv]4  7#c7 ,half doll> clad co9s
 ,n m ?an #cjj1jjj half-doll> co9s1 ea* 
( :i* %all-- 7,a7 weigh #aa4cd grams2   
7,b7 h a diamet] ( #a4bje in*es2 &  7,c7
 be m9t$ to ! specifications =          
half-doll> co9s conta9$ 9 section       
#eaab7;b7 ( title #ca1 ,unit$ ,/ates    
,code4  7#d7 ,pro( silv] #a co9s ,n m   
?an #ajj1jjj pro( silv] #a co9s1 ea* (  
:i* %all-- 7,a7 weigh #e ounces2  7,b7 h
 a diamet] ( #c in*es2 &  7,c7 conta9   
4#iii f9e silv]4  7b7 ,legal t5d] ,!    
co9s m9t$ "u ?is ,act %all be legal     
t5d]1 z provid$ 9 section #eajc ( title 
#ca1 ,unit$ ,/ates ,code4  7c7          
,numismatic items ,= purposes ( section 
#eacd ( title #ca1 ,unit$ ,/ates ,code1 
all co9s m9t$ "u ?is ,act %all be       
consid]$ to be numismatic items4  7d7   

,m9tage limit exception ,if ! ,secret>y 
det]m9es1 bas$ on indep5d5t1 m>ket bas$ 
rese>* conduct$ by ! ,u4,s4 ,olympic &  
,p>alympic ,committee1 t ! m9tage levels
 describ$ "u ?is subsection are n       
adequate to meet public dem&1 !         
,secret>y may increase ! m9tage levels z
 ! ,secret>y det]m9es is necess>y to    
meet public dem&4  #d4 ,designs ( co9s  
7a7 ,design requirem5ts  7#a7 ,9 g5]al  
,! designs ( ! co9s m9t$ "u ?is ,act    
%all be emblematic ( ! p>ticipation (   
,unit$ ,/ates a?letes 9 ! ,,la#bh       
,games4  7#b7 ,designation &            
inscriptions ,on ea* co9 m9t$ "u ?is    
,act !re %all be-- 7,a7 a designation ( 
! value ( ! co92  7,b7 an inscription ( 
! ye> #bjbh2 &  7,c7 inscriptions ( !   
words ,lib]ty1,9 ,god ,we ,tru/1,unit$  
,/ates ( ,am]ica1 & ,e ,pluribus ,unum4 
7#c7 ,selection ( designs ,! designs = !
 co9s m9t$ "u ?is ,act %all be-- 7,a7   
select$ by ! ,secret>y aft] consultation
 )-- 7i7 ! ,unit$ ,/ates ,olympic &     
,p>alympic ,prop]ties2 &  7ii7 !        

,commission ( ,f9e ,arts2 &  7,b7       
review$ by ! ,citiz5s ,co9age ,advisory 
,committee4  #e4 ,issuance ( co9s  7a7  
,quality ( co9s ,! ,secret>y may issue  
co9s m9t$ "u ?is ,act 9 uncirculat$ &   
pro( qualities4  7b7 ,p]iod ( issuance  
,! ,secret>y may issue co9s m9t$ "u ?is 
,act only dur+ ! #a-ye> p]iod beg9n+ on 
,janu>y #a1 #bjbh4  #f4 ,sale ( co9s    
7a7 ,sale price ,! co9s issu$ "u ?is    
,act %all be sold by ! ,secret>y at a   
price equal to ! sum (-- 7#a7 ! face    
value ( ! co9s2  7#b7 ! sur*>ge provid$ 
9 section #g7;a7 ) respect to su* co9s2 
&  7#c7 ! co/ ( design+ & issu+ su* co9s
 7includ+ labor1 mat]ials1 dies1 use (  
ma*9]y1 ov]head exp5ses1 & m>ket+1 &    
%ipp+74  7b7 ,bulk sales ,! ,secret>y   
%all make bulk sales ( ! co9s issu$ "u  
?is ,act at a reasonable disc\nt4  7c7  
,prepaid ord]s  7#a7 ,9 g5]al ,!        
,secret>y %all accept prepaid ord]s = ! 
co9s m9t$ "u ?is ,act be=e ! issuance ( 
su* co9s4  7#b7 ,disc\nt ,sales )       
respect to prepaid ord]s "u p>agraph    

7#a7 %all be at a reasonable disc\nt4   
#g4 ,sur*>ges  7a7 ,9 g5]al ,all sales (
 co9s issu$ "u ?is ,act %all include a  
sur*>ge (-- 7#a7 #ce p] co9 = ! #e co92 
7#b7 #aj p] co9 = ! #a co9 describ$ "u  
section #c7;a77#b72  7#c7 #e p] co9 = ! 
half-doll> co92 &  7#d7 #ej p] co9 = !  
#a pro( silv] co94  7b7 ,di/ribution    
,subject to section #eacd7;f7 ( title   
#ca1 ,unit$ ,/ates ,code1 all sur*>ges  
receiv$ by ! ,secret>y f ! sale ( co9s  
issu$ "u ?is ,act %all be promptly paid 
by ! ,secret>y to ! ,unit$ ,/ates       
,olympic & ,p>alympic ,prop]ties = !    
objects & purposes relat$ to ! ho/+ ( ! 
#bjbh ,olympic & ,p>alympic ,games & to 
aid 9 ! execution ( its legacy programs1
 includ+ ! promotion ( y\? sports 9 !   
,unit$ ,/ates4  7c7 ,audits ,! ,unit$   
,/ates ,olympic & ,p>alympic ,prop]ties 
%all be subject to ! audit requirem5ts (
 section #eacd7;f77#b7 ( title #ca1     
,unit$ ,/ates ,code1 ) reg>d to ! am\nts
 receiv$ "u subsection 7b74  7d7        
,limitation ,not)/&+ subsection 7a71 no 

sur*>ge may be includ$ ) respect to !   
issuance "u ?is ,act ( any co9 dur+ a   
cal5d> ye> if1 z ( ! "t ( su* issuance1 
! issuance ( su* co9 w\ld result 9 !    
numb] ( commemorative co9 programs issu$
 dur+ su* ye> to exce$ ! annual #b      
commemorative co9 programs issuance     
limitation "u section #eaab7m77#a7 (    
title #ca1 ,unit$ ,/ates ,code 7z 9     
effect on ! date ( ! enactm5t ( ?is     
,act74 ,! ,secret>y may issue guidance  
to c>ry out ?is subsection4  #h4 ,m>ket+
 & f9ancial assurances  7a7 ,9 g5]al ,! 
,secret>y %all take su* actions z may be
 necess>y to ensure t-- 7#a7 m9t+ &     
issu+ co9s "u ?is ,act result 9 no net  
co/ to ! ,f$]al ,gov]nm5t2 &  7#b7 no   
funds1 includ+ applicable sur*>ges1 %all
 be disburses to any recipi5t designat$ 
9 section #g7;b7 until ! total co/ (    
design+ & issu+ all ( ! co9s au?oriz$ by
 ?is ,act1 includ+ labor1 mat]ials1     
dies1 use ( ma*9]y1 ov]head exp5ses1    
m>ket+ & %ipp+1 is recov]$ by ! ,unit$  
,/ates ,treasury1 consi/5t ) sections   

#eaab7m7 & #eacd7;f7 ( title #ca1 ,unit$
 ,/ates ,code4  7b7 ,m>ket+ &           
educational program ,! ,secret>y is     
enc\rag$ to develop & execute a m>ket+ &
 educational program1 includ+           
appropriate coop]ative m>ket+           
opportunities ) ! ,unit$ ,/ates ,olympic
 & ,p>alympic ,prop]ties & its lic5sees1
 to promote & sell ! co9s au?oriz$ "u   
?is ,act4