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    <number>3402</number>
    <updateDate>2025-05-27T14:12:00Z</updateDate>
    <updateDateIncludingText>2025-05-27T14:12:00Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2023-05-17</introducedDate>
    <congress>118</congress>
    <cdata>
      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 83 (Wednesday, May 17, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. AUCHINCLOSS:H.R. 3402.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I of the United States Constitutionand its subsequent amendments, and further clarified andinterpreted by the Supreme Court of the United States.The single subject of this legislation is:The single subject of this legislation is to define theminting powers of the Federal Reserve and the TreasuryDepartment.[Page H2427]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <name>Financial Services Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <name>Referred To</name>
            <date>2023-05-17T14:05:45Z</date>
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        <actionDate>2023-05-17</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <actionDate>2023-05-17</actionDate>
        <text>Sponsor introductory remarks on measure. (CR H2383)</text>
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        <actionCode>B00100</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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        <actionDate>2023-05-17</actionDate>
        <text>Introduced in House</text>
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        <actionDate>2023-05-17</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>A000148</bioguideId>
        <fullName>Rep. Auchincloss, Jake [D-MA-4]</fullName>
        <firstName>Jake</firstName>
        <lastName>Auchincloss</lastName>
        <party>D</party>
        <state>MA</state>
        <district>4</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>H001072</bioguideId>
        <fullName>Rep. Hill, J. French [R-AR-2]</fullName>
        <firstName>J.</firstName>
        <lastName>Hill</lastName>
        <party>R</party>
        <state>AR</state>
        <middleName>French</middleName>
        <district>2</district>
        <sponsorshipDate>2023-05-17</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001212</bioguideId>
        <fullName>Rep. Moore, Barry [R-AL-2]</fullName>
        <firstName>Barry</firstName>
        <lastName>Moore</lastName>
        <party>R</party>
        <state>AL</state>
        <district>2</district>
        <sponsorshipDate>2023-05-24</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>T000486</bioguideId>
        <fullName>Rep. Torres, Ritchie [D-NY-15]</fullName>
        <firstName>Ritchie</firstName>
        <lastName>Torres</lastName>
        <party>D</party>
        <state>NY</state>
        <district>15</district>
        <sponsorshipDate>2023-07-25</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>N000194</bioguideId>
        <fullName>Rep. Nickel, Wiley [D-NC-13]</fullName>
        <firstName>Wiley</firstName>
        <lastName>Nickel</lastName>
        <party>D</party>
        <state>NC</state>
        <district>13</district>
        <sponsorshipDate>2023-07-27</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>G000600</bioguideId>
        <fullName>Rep. Perez, Marie Gluesenkamp [D-WA-3]</fullName>
        <firstName>Marie</firstName>
        <lastName>Perez</lastName>
        <party>D</party>
        <state>WA</state>
        <middleName>Gluesenkamp</middleName>
        <district>3</district>
        <sponsorshipDate>2023-10-12</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2023-06-05T14:30:24Z</updateDate>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2023-05-17</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2024-02-05T20:07:10Z</updateDate>
        <cdata>
          <text>&lt;p&gt;&lt;b&gt;Power of the Mint Act &lt;/b&gt;&lt;/p&gt; &lt;p&gt;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. &lt;/p&gt;</text>
        </cdata>
      </summary>
    </summaries>
    <title>Power of the Mint Act</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>Power of the Mint Act</title>
        <updateDate>2024-07-24T15:22:04Z</updateDate>
      </item>
      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Power of the Mint Act</title>
        <updateDate>2024-05-24T13:39:47Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <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.</title>
        <updateDate>2024-03-18T20:49:16Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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    </titles>
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        <type>Introduced in House</type>
        <date>2023-05-17T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-118hr3402ih/xml/BILLS-118hr3402ih.xml</url>
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    <latestAction>
      <actionDate>2023-05-17</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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