HB10017: Permanent CBDC Ban Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To permanently prohibit the Board of Governors of the Federal Reserve System or a Federal reserve bank from issuing or creating a central bank digital currency, and for other purposes.
Plain-language summary
This bill would permanently ban the Federal Reserve from creating or issuing a central bank digital currency, often called a CBDC. A CBDC would be a digital version of US money issued directly by the Federal Reserve. The bill applies to both the Federal Reserve's main board and its regional banks. Congress and the public have debated whether CBDCs could threaten financial privacy or stability. The bill is currently in the introductory stage and has not yet been assigned to a .
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HB10017: Permanent CBDC Ban Act
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Sponsors
Michael Cloud
Primary SponsorCo-sponsors (33)
Byron Donalds
Mark Messmer
Chip Roy
Earl Carter
Barry Moore