Legislative Activity
Track Jake's sponsored bills, co-sponsored legislation, and voting record
This Act restricts the Federal Reserve and Treasury Department from issuing a central bank digital currency (CBDC) without explicit authorization from Congress.
Jake Auchincloss
Representative
MA
Jake Auchincloss
Representative
MA
The Power of the Mint Act asserts Congress's constitutional authority over the nation's money supply. This bill strictly prohibits the Federal Reserve and the Treasury Department from issuing a central bank digital currency (CBDC) unless explicitly authorized by Congress. It ensures that any digital dollar remains a direct liability of the Federal Reserve, subject to legislative approval.
This bill allows employers to deduct the cost of providing certain transportation benefits to employees, such as transit passes, with a reduced deduction if employees can choose cash instead.
Jake Auchincloss
Representative
MA
Jake Auchincloss
Representative
MA
The "Supporting Transit Commutes Act" allows employers to deduct the cost of providing certain transportation benefits, like transit passes or parking, to their employees. The deduction is limited to the amount described in section 132(f)(2)(A). If employees can choose between the transportation benefit and cash, the deduction is reduced to 50%.