Strengthening U.S. Olympics Act This bill establishes within the legislative branch the Commission on the State of U.S. Olympics and Paralympics, which shall study matters relating to the state of U.S. participation in the Olympic and Paralympic games. Such study shall, among other things, include a description of proposed reforms to the structure of the U.S. Olympic Committee (USOC) and assessments of whether the board of the USOC includes diverse members, including athletes; U.S. athlete participation levels in the Olympics and Paralympics; whether the U.S. Center for Safe Sport effectively handles reported cases of bullying, hazing, harassment, and sexual assault; and the finances and the financial organization of the USOC.