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The U.S. Masters Championship is an official national chess championship sanctioned by US Chess that has been held 27 times since 1982. The event is a Swiss tournament usually restricted to players who have established peak ratings over 2200, plus high rated junior players, at the discretion of the organizer. As a primarily masters-only event, the U.S. Masters is one of the strongest Swiss tournaments in the U.S., offering FIDE title norms and large cash prizes to participants. Throughout its history, the event has always placed a premium on inviting foreign titled players to compete against American masters. The U.S. Masters has been dubbed "The Annual Homecoming of the American Master," and has previously been a qualifying tournament to the U.S. Championship.