Skip to main content
H.R. 3402 118th Congress House

Power of the Mint Act

Official title: 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.

Introduced: May 17, 2023 Introduced by: Jake Auchincloss Democratic · Massachusetts See on congress.gov
Finance and Financial Sector
Sign in to write a letter Sign in to watch
This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 2023
Referred to the House Committee on Financial Services.
May 17, 2023
Sponsor introductory remarks on measure. (CR H2383)
May 17, 2023
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action May 17, 2023

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Power of the Mint Act

This bill prohibits the Board of Governors of the Federal Reserve from issuing a central bank digital currency. Further, the Department of the Treasury is prohibited from directing the board to issue a central bank digital currency.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 2 Republican 2
D
Perez, Marie Gluesenkamp
Washington · Oct 12, 2023
Nickel, Wiley
· Jul 27, 2023
 D
Torres, Ritchie
New York · Jul 25, 2023
 R
Moore, Barry
Alabama · May 24, 2023
 R
Hill, J. French
Arkansas · May 17, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3402: Power of the Mint Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3402/
MLA
"H.R. 3402: Power of the Mint Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3402/.
Bluebook (legal)
H.R. 3402, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3402/.
Markdown link
[H.R. 3402: Power of the Mint Act](https://openamerica.io/bill/118-HR-3402/)
Report a problem