,i  #aahth ,,congress  #ast ,session    
,h4 ,r4 #cdjb  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ag1 #bjbc,mr4  
,auchincloss 7for himself and ,mr4      
,hill7 introduced the following bill2   
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
prohibit the ,board of ,governors of the
 ,federal ,reserve and the ,secretary of
 the ,treasury from issuing a central   
bank digital currency1 and for other    
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,power of the ,mint 
,act4  #b4 ,findings ,the ,congress     
finds the following3 7#a7 ,the article  
,i1 section #h of the ,constitution     
states that only ,congress has the      
authority to coin money and regulate the
 value of such money4  7#b7 ,the        
,federal ,reserve ,act of #aiac provides
 that the ,federal ,reserve banks shall 
act as the fiscal agents of the ,united 
,states and depositories when required  
to do so by the ,secretary of the       
,treasury4  #c4 ,central bank digital   

currency  7a7 ,in general ,the ,federal 
,reserve ,act 7#ab ,u4,s4,c4 #bba et    
seq47 is amended by inserting after     
section #af the following3  #af;,a4     
,central bank digital currency  7a7 ,in 
general ,the ,board of ,governors of the
 ,federal ,reserve may not1 absent      
,congressional authorization1 issue a   
central bank digital currency4  7b7     
,central bank digital currency defined  
,in this section1 the term central bank 
digital currency means a form of digital
 money or monetary value1 denominated in
 the national unit of account1 that is a
 direct liability of the ,federal       
,reserve4  4  7b7 ,treasury ,chapter #c 
of subtitle ,i of title #ca of the      
,united ,states ,code is amended by     
inserting after section #caf the        
following3  #cag4 ,central bank digital 
currency  7a7 ,in general ,the          
,secretary of the ,treasury may not1    
absent ,congressional authorization1    
direct the ,board of ,governors of the  
,federal ,reserve to issue a central    

bank digital currency4  7b7 ,central    
,bank ,digital ,currency defined ,in    
this section1 the term central bank     
digital currency means a form of digital
 money or monetary value1 denominated in
 the national unit of account1 that is a
 direct liability of the central bank4  
4