Political Quotes

“Mr. Speaker, I want to reinforce what the gentleman from Utah (Mr. Cook) earlier said, and that this legislation is a far cry from that which created the 1996 Atlanta Olympic Games Coin program. That program had multiple coins. It was overly ambitious. According to the General Accounting Office, it lost several million dollars. This legislation profited from those mistakes. The gentleman from Delaware (Mr. Castle), who was then chairman of the Subcommittee on Domestic and International Monetary Policy, made several reforms on the commemorative coin program. Those reforms are incorporated in this bill. One important reform is that no surcharges from a commemorative program may be paid to a beneficiary organization until the taxpayer has been made whole for the cost of designing and producing the coin. That is done in this series. The sponsor of this legislation, the gentleman from Utah (Mr. Cook), the gentleman from Utah (Mr. Cannon), and the Salt Lake Committee, all worked with the U.S. Olympic Committee and with the Senate and House Committee on Banking and Financial Services, recognizing this recent history and this legislation contains several changes from that previous commemorative coin legislation aimed at increasing the integrity of the program.”