summary
Introduced
09/13/2022
09/13/2022
In Committee
09/13/2022
09/13/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A bill to amend the Federal Reserve Act to limit the ability of Federal Reserve banks to issue central bank digital currency.
AI Summary
This bill, the No Central Bank Digital Currency Act (No CBDC Act), amends the Federal Reserve Act to limit the ability of Federal Reserve banks to issue central bank digital currency (CBDC) directly to individuals or digital currency intermediaries, offer related products or services to individuals, or maintain accounts on behalf of individuals. The bill prohibits Federal Reserve banks from holding CBDC minted or issued by the U.S. government as assets or liabilities on their balance sheets or using such digital currencies to fulfill the requirements under Section 2A of the Federal Reserve Act.
Committee Categories
Housing and Urban Affairs
Sponsors (3)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 09/13/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/4831/all-info | 09/14/2022 |
| BillText | https://www.congress.gov/117/bills/s4831/BILLS-117s4831is.pdf | 09/20/2022 |
| Bill | https://www.congress.gov/117/bills/s4831/BILLS-117s4831is.pdf.pdf | 09/20/2022 |
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