118th Congress · HOUSE BILLBILL

H.R. 3402 — Power of the Mint Act

“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.”

Finance and financial sector

Introduced May 17, 2023

Last action May 17, 2023

Pipeline · Bill → Law

Step 1

Introduced

May 17, 2023

Step 2

Referred

May 17, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 3 sectionsIntroduced in House

Timeline · 3 actions

May 17, 2023

Introduced in House

May 17, 2023

Sponsor introductory remarks on measure.

May 17, 2023

Referred to the House Committee on Financial Services.