summary
Introduced
04/18/2023
04/18/2023
In Committee
08/01/2024
08/01/2024
Crossed Over
05/04/2023
05/04/2023
Passed
06/26/2024
06/26/2024
Dead
Vetoed
07/05/2024
07/05/2024
Veto Overridden
09/09/2024
09/09/2024
Signed/Enacted/Adopted
09/09/2024
09/09/2024
Introduced Session
2023-2024 Session
Bill Summary
AN ACT TO PROHIBIT PAYMENTS TO THE STATE USING CENTRAL BANK DIGITAL CURRENCY OR PARTICIPATION BY THE STATE IN FEDERAL RESERVE BRANCH TESTING OF CENTRAL BANK DIGITAL CURRENCY.
AI Summary
This bill prohibits the state of North Carolina and its agencies, including the General Court of Justice, from accepting payments using central bank digital currency (CBDC) or participating in any testing of CBDC by Federal Reserve branches. CBDC refers to a digital currency, medium of exchange, or monetary unit of account issued directly by the U.S. Federal Reserve System or a federal agency. The bill aims to prevent the state from engaging with or using this type of digital currency system.
Committee Categories
Budget and Finance, Business and Industry, Government Affairs
Sponsors (9)
Mark Brody (R)*,
Harry Warren (R)*,
Dean Arp (R),
George Cleveland (R),
Jake Johnson (R),
Keith Kidwell (R),
Jeff McNeely (R),
Bill Ward (R),
David Willis (R),
Last Action
Ch. SL 2024-48 (on 09/09/2024)
Bill Topics
Government Operations
- ‐ General Government Operations
Macroeconomics
- ‐ Monetary Supply, Federal Reserve Board, and Treasury
Official Document
bill text
bill summary
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bill summary
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bill summary
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