# 119-hr-4438: Power of the Mint Act

119-hr-4438, Power of the Mint Act, is a 119th Congress bill sponsored by Rep. Auchincloss, Jake [D-MA-4] (D-MA); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-4438
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4438
- Congress: 119
- Title: Power of the Mint Act
- Status: introduced
- Introduced: 2025-07-16
- Sponsor: Rep. Auchincloss, Jake [D-MA-4] (D-MA)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Congress must explicitly approve any U.S. central bank digital currency (CBDC).** This bill would bar the Federal Reserve and the Treasury from issuing or directing issuance of a CBDC without an act of Congress. - Federal Reserve: Would prevent the Board of Governors from issuing a CBDC unless Congress gives explicit authorization. It also defines a CBDC as digital money denominated in the national unit that is a direct liability of the Federal Reserve. - Treasury: Would stop the Secretary of the Treasury from directing the Federal Reserve to issue a CBDC without congressional authorization. - Definitions and findings: Would add statutory definitions tying a CBDC to a central bank's direct liabilities and include findings that emphasize congressional authority over coinage and monetary value.

## Provisions PRIA read

- No digital dollar without Congress: mixed, high. If enacted, the Federal Reserve would not be able to issue a central bank digital currency unless Congress approves it. The Treasury Secretary would not be able to order the Fed to create one without a new law. The bill defines a CBDC as digital U.S. money, in dollars, that would be a direct liabil…

## Related bills

- 119-hr-4393: DIGNIDAD (Dignity) Act of 2025
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-7973: Momnibus Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-4317: PBM Reform Act of 2025
- 119-hr-8327: Communications, Video, and Technology Accessibility Act of 2026

## Sources
- [119-hr-4438 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4438)

## Related
- [119-hr-4393: DIGNIDAD (Dignity) Act of 2025](https://policyrisk.com/legislation/119-hr-4393)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-4317: PBM Reform Act of 2025](https://policyrisk.com/legislation/119-hr-4317)
- [119-hr-8327: Communications, Video, and Technology Accessibility Act of 2026](https://policyrisk.com/legislation/119-hr-8327)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4438 (as of 2026-04-21).