Jake Auchincloss: “I thank Representative Hill for his partnership and leadership on this subject. The benefits that the United States…”

“I thank Representative Hill for his partnership and leadership on this subject. The benefits that the United States enjoys due to the dollar's global reserve status have been called an exorbitant privilege, but that privilege rests in part upon scrupulous observance of the rule of law and how we regulate our currency. The Power to Mint Act reinforces the rule of law by emphasizing Congress' authority to control the future of the dollar. Mr. Speaker, I urge my colleagues to cosponsor my bill and keep the power to authorize new currency with Congress. ____________________”