118th Congress · HOUSE BILLBILL

H.R. 3712Digital Dollar Pilot Prevention Act

To amend the Federal Reserve Act to require an Act of Congress for certain activities related to the issuance of a central bank digital currency, and for other purposes.

Finance and financial sector
Introduced May 25, 2023
Last action May 25, 2023
Pipeline · Bill → Law
Step 1
Introduced
May 25, 2023
Step 2
Referred
May 25, 2023
Financial Services
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill prohibits the Board of Governors of the Federal Reserve System and the Federal Reserve banks from establishing, carrying out, or approving a program to test the feasibility of issuing a central bank digital currency.

Provisions · 2 sectionsIntroduced in House
Timeline · 2 actions
May 25, 2023
Introduced in House
May 25, 2023
Referred to the House Committee on Financial Services.