[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7438 Enrolled Bill (ENR)]
H.R.7438
One Hundred Eighteenth Congress
of the
United States of America
AT THE SECOND SESSION
Begun and held at the City of Washington on Wednesday,
the third day of January, two thousand and twenty-four
An Act
To require the Secretary of the Treasury to mint coins in commemoration
of the FIFA World Cup 2026, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``FIFA World Cup 2026 Commemorative
Coin Act''.
SEC. 2. FINDINGS.
Congress finds the following:
(1) The FIFA World Cup 2026--
(A) will be held in the United States, Mexico, and Canada;
(B) will be the first time the Men's World Cup has been
held in the United States in 32 years; and
(C) will be the second Men's World Cup hosted by the United
States and the largest and most inclusive World Cup ever
hosted, with 48 teams in 16 cities across 3 countries.
(2) Host cities and locations in the United States will include
Atlanta, Boston, Dallas, Houston, Kansas City, Los Angeles, Miami,
the New York/New Jersey area, the San Francisco Bay area, and
Seattle.
(3) The FIFA World Cup 2026 will be organized under a FIFA-led
operating model, which was introduced in the FIFA Women's World Cup
in Australia and New Zealand in 2023.
(4) Through the FIFA-led operating model, the FIFA World Cup
2026 is being planned and executed by FWC2026 US, Inc., an
organization exempt from taxation pursuant to section 501(c)(4) of
the Internal Revenue Code of 1986, headquartered in Miami.
(5) The FIFA-led operating model includes a guaranteed
framework for providing a legacy fund to each participating host
member: the United States Soccer Federation, Canada Soccer, and the
Mexican Football Federation.
(6) A FIFA World Cup 2026 commemorative coin program has the
opportunity to shape a lasting legacy for the sport of soccer in
the United States, support underserved communities, and celebrate a
unifying global event.
SEC. 3. COIN SPECIFICATIONS.
(a) Denominations.--The Secretary of the Treasury shall mint and
issue the following coins in commemoration of the FIFA World Cup 2026:
(1) $5 gold coins.--Not more than 100,000 $5 coins, each of
which shall--
(A) weigh 8.359 grams;
(B) have a diameter of 0.850 inches; and
(C) contain not less than 90 percent gold.
(2) $1 silver coins.--Not more than 500,000 $1 coins, each of
which shall--
(A) weigh 26.73 grams;
(B) have a diameter of 1.500 inches; and
(C) contain not less than 90 percent silver.
(3) Half-dollar clad coins.--Not more than 750,000 half-dollar
coins, each of which shall--
(A) weigh 11.34 grams;
(B) have a diameter of 1.205 inches; and
(C) be minted to the specifications for half-dollar coins
contained in section 5112(b) of title 31, United States Code.
(b) Legal Tender.--The coins minted under this Act shall be legal
tender, as provided in section 5103 of title 31, United States Code.
(c) Numismatic Items.--For purposes of sections 5134 and 5136 of
title 31, United States Code, all coins minted under this Act shall be
considered to be numismatic items.
(d) Mintage Limit Exception.--If the Secretary determines, based on
independent, market-based research conducted by FWC2026 US, Inc., that
the mintage levels described in this section are not adequate to meet
public demand, the Secretary may increase the mintage levels as the
Secretary determines is necessary to meet public demand.
SEC. 4. DESIGN OF COINS.
(a) Design Requirements.--
(1) In general.--The designs of the coins minted under this Act
shall be emblematic of the sport of soccer and the FIFA World Cup.
(2) Designation and inscriptions.--On each coin minted under
this Act, there shall be--
(A) a designation of the value of the coin;
(B) an inscription of the year ``2026''; and
(C) inscriptions of the words ``Liberty'', ``In God We
Trust'', ``United States of America'', and ``E Pluribus Unum''.
(3) Selection.--The designs for the coins minted under this Act
shall be--
(A) selected by the Secretary after consultation with--
(i) FWC2026 US, Inc.; and
(ii) the Commission of Fine Arts; and
(B) reviewed by the Citizens Coinage Advisory Committee.
SEC. 5. ISSUANCE OF COINS.
(a) Quality of Coins.--The Secretary may issue coins minted under
this Act in uncirculated and proof qualities.
(b) Period of Issuance.--The Secretary may issue coins under this
Act only during the calendar year beginning on January 1, 2026.
SEC. 6. SALE OF COINS.
(a) Sale Price.--The coins issued under this Act shall be sold by
the Secretary at a price equal to the sum of--
(1) the face value of the coins;
(2) the surcharge provided in section 7(a) with respect to such
coins; and
(3) the cost of designing and issuing the coins (including
labor, materials, dies, use of machinery, overhead expenses,
marketing, and shipping).
(b) Bulk Sales.--The Secretary shall make bulk sales of the coins
issued under this Act at a reasonable discount.
(c) Prepaid Orders.--
(1) In general.--The Secretary shall accept prepaid orders for
the coins minted under this Act before the issuance of such coins.
(2) Discount.--Sale prices with respect to prepaid orders under
paragraph (1) shall be at a reasonable discount.
SEC. 7. SURCHARGES.
(a) In General.--All sales of coins issued under this Act shall
include a surcharge of--
(1) $35 per coin for the $5 coin;
(2) $10 per coin for the $1 coin; and
(3) $5 per coin for the half-dollar coin.
(b) Distribution.--Subject to section 5134(f) of title 31, United
States Code, all surcharges received by the Secretary from the sale of
coins issued under this Act shall be paid to FWC2026 US, Inc., for the
purpose of aiding or executing United States-based soccer programs and
activities, including the promotion of--
(1) FIFA's legacy programs in the United States; and
(2) efforts to grow the sport of soccer throughout the United
States, with a focus on youth, inner cities, and underserved
communities.
(c) Audits.--FWC2026 US, Inc., shall be subject to the audit
requirements of section 5134(f)(2) of title 31, United States Code,
with regard to the amounts received under subsection (b).
(d) Limitation.--Notwithstanding subsection (a), no surcharge may
be included with respect to the issuance under this Act of any coin
during a calendar year if, as of the time of such issuance, the
issuance of such coin would result in the number of commemorative coin
programs issued during such year to exceed the annual 2 commemorative
coin program issuance limitation under section 5112(m)(1) of title 31,
United States Code (as in effect on the date of the enactment of this
Act). The Secretary may issue guidance to carry out this subsection.
SEC. 8. FINANCIAL ASSURANCES.
The Secretary shall take such actions as may be necessary to ensure
that--
(1) minting and issuing coins under this Act will not result in
any net cost to the United States Government; and
(2) no funds, including applicable surcharges, are disbursed to
any recipient designated in section 7(b) until the total cost of
designing and issuing all of the coins authorized by this Act
(including labor, materials, dies, use of machinery, winning design
compensation, overhead expenses, and shipping) is recovered by the
United States Treasury, consistent with sections 5112(m) and
5134(f) of title 31, United States Code.
SEC. 9. DEFINITIONS.
In this Act:
(1) FIFA.--The term ``FIFA'' means the Federation
Internationale de Football Association.
(2) FIFA world cup 2026.--The term ``FIFA World Cup 2026''
means the FIFA Men's World Cup held in 2026.
(3) FWC2026 us, inc.--The term ``FWC2026 US, Inc.'' means the
FIFA subsidiary incorporated in the United States for the purpose
of operating the FIFA World Cup 2026 and related programs.
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.