Pipeline · Bill → Law
Step 1
Introduced
Feb 26, 2024
Step 2
Referred
Feb 26, 2024
Banking, Housing, and Urban Affairs
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency (i.e., a digital dollar) directly or indirectly to an individual. Further, The Board of Governors of the Federal Reserve System is prohibited from using a central bank digital currency to implement monetary policy or from issuing a central bank digital currency.
Timeline · 2 actions
Feb 26, 2024
Introduced in Senate
Feb 26, 2024
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.