The #MintTheCoin campaign is an initiative advocating for legislation to direct the Secretary of the Treasury to use its legal authority to mint and issue high value $1 Trillion dollar platinum coins under 31 U.S.C. § 5112(k) of the Coinage Act, which is a statutory delegation of Congress’s constitutional power to coin money. The initiative began in collaboration with Rashida Tlaib's Automatic Boost to Communities Act which was written with the aim of providing monthly payments to U.S. consumers as a response to the Covid-19 pandemic and consequential economic shut downs.
FULL TEXT OF THE #ABCACT
Here is a full text version of the #ABCAct introduced by Rep. Rashida Tlaib (D.-Mich.) on April 16, 2020.
In April 2020, Congresswomen Rashida Tlaib (MI-13) and Pramila Jayapal (WA-7) unveiled the Automatic BOOST to Communities (ABC) Act, legislation to immediately provide a $2,000 payment using BOOST debit cards to every person in America as critical relief during the COVID-19 crisis, followed by $1,000 recurring monthly payments for one year after the end of the crisis to help our country and families recover. The ABC Act was written to be funded directly from the Treasury with no additional debt issued by minting two $1 trillion coins, and additional coins as necessary.
IN THE NEWS
April 16, 2020
$1 TRILLION COINS, A DIGITAL U.S. DOLLAR, AND A U.S DEBIT CARD SYSTEM - HOW THE COVID-19 EMERGENCY MAY CHANGE HOW AMERICANS SPEND MONEY
April 23, 2020
June 3, 2021