HR4438-119

Introduced

To prohibit the Board of Governors of the Federal Reserve and the Secretary of the Treasury from issuing a central bank digital currency, and for other purposes.

119th Congress Introduced Jul 16, 2025

Legislative Progress

Introduced
Introduced Committee Passed
Jul 16, 2025

Mr. Auchincloss introduced the following bill; which was referred to …

Primary Purpose

The Power of the Mint Act prohibits the Federal Reserve and the Secretary of the Treasury from issuing or directing the issuance of a central bank digital currency (CBDC) without explicit Congressional authorization. The bill reasserts Congressional authority over monetary policy under Article I, Section 8 of the Constitution.

Policy Domains

Finance Monetary Policy Technology

Bill-Wide Scope

Likely Beneficiaries
  • Traditional Banking Industry
  • Cryptocurrency/Digital Asset Industry
  • Privacy Advocates
  • Congressional Authority
Model: claude-opus-4-5-20251101 | Version: bill_summary_v2 | Source: ih

Inferred from context, no direct clause evidence

Likely Burden Bearers
  • Federal Reserve System
  • Department of the Treasury
  • CBDC Proponents
  • Payment System Modernization Advocates
Model: claude-opus-4-5-20251101 | Version: bill_summary_v2 | Source: ih

Inferred from context, no direct clause evidence

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Monetary Policy
Actor Mappings
"congress"
→ United States Congress
"the_board"
→ Board of Governors of the Federal Reserve
"the_secretary"
→ Secretary of the Treasury

Key Definitions

Terms defined in this bill

2 terms
"Central Bank Digital Currency (CBDC)" §H8F47CBD39A3F458B9699470B2A051BE8

A form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the Federal Reserve or central bank.

"Short Title" §HB5C7144A3E9949C18EE21E3D6E8834E2

This Act may be cited as the Power of the Mint Act.

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology