Bill > HR2211

This bill directs the Board of Governors of the Federal Reserve System to conduct a study on the impact of introducing a central bank digital currency (CBDC) in the United States. The study will examine the potential effects on consumers, businesses, the U.S. financial system, monetary policy, sanctions programs, and the status of the U.S. dollar as the global reserve currency. It will also explore technical and operational considerations for a CBDC, such as security, privacy, interoperability, and the role of the private sector. The bill requires the Federal Reserve to submit a report to Congress within one year, which will include the study's findings and recommended feasible models for CBDC development and deployment, along with any legal authorities needed to implement such a system.

Business and Industry

https://www.congress.gov/bill/117th-congress/house-bill/2211/all-info