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Prevents Federal Reserve from Issuing Digital Currency
Recent Bills/Prevents Federal Reserve from Issuing Digital...

Prevents Federal Reserve from Issuing Digital Currency

IntroducedN/A
Introduced1 year ago
Intro
Senate
House
Pres
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
More:Recently Introduced BillsEconomySenate Bills
Why This Matters

This bill limits the ability of Federal Reserve banks to create and distribute digital currency directly to individuals.

If you were hoping to use digital currency from the Federal Reserve, this bill stops that possibility.
Who this affects
users of digital currency
What changes is this bill making?
  1. 1This bill stops Federal Reserve banks from creating digital currency for individuals.
  2. 2It prohibits the Federal Reserve from offering digital currency services directly to people.
  3. 3The bill also prevents Federal Reserve banks from holding digital currencies as assets.
  4. 4No government agency can maintain accounts for individuals using digital currency.
Read the detailed summary

No Central Bank Digital Currency Act or the No CBDC Act This bill generally prohibits the Federal Reserve Board, Federal Reserve Banks, the Department of the Treasury, and other agencies from issuing or using a central bank digital currency.

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
Senate
House
Pres
IntroducedCurrentJan 15, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors
See all 7 sponsors
Senate
House
President

The President

Donald Trump
President
Awaiting Vote
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House Bill · HR 1919
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