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119th CONGRESS
2d Session |
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.
Mr. Cloud (for himself, Mr. Donalds, Mr. Messmer, Mr. Roy, Mr. Carter of Georgia, Mr. Moore of Alabama, Mr. Perry, Mr. Clyde, Mr. McCormick, Mr. Steube, Mr. Self, Ms. Mace, Mr. Ogles, Mr. Harrigan, Mr. Van Epps, Mrs. Biggs of South Carolina, Ms. Boebert, Mr. Moore of West Virginia, Mr. Van Orden, Mr. Cline, Mr. Davidson, Mr. Crane, Mr. Taylor, Mr. Bacon, Mr. McDowell, Mr. Stutzman, Ms. Hageman, Mr. Gosar, Mr. Burlison, Mr. Higgins of Louisiana, and Mrs. Harshbarger) introduced the following bill; which was referred to the Committee on Financial Services
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Permanent CBDC Ban Act”.
SEC. 2. Permanent prohibition.
Section 16A of the Federal Reserve Act is amended by striking subsection (d) and redesignating subsection (e) as subsection (d).