HR 4438 · 119th Congress

Power of the Mint Act

This bill would prevent the Federal Reserve and the Treasury Department from creating a digital version of the U.S. dollar without getting permission from Congress first. Right now, there's no explicit law stopping them from developing what's called a "central bank digital currency" — basically a digital form of mon…

Sponsor

Auchincloss, Jake (D-Massachusetts)

Introduced

2025-07-16

Policy area

Finance and Financial Sector

Latest action

Referred to the House Committee on Financial Services.