Senate Bill 967 - No CBDC Act

Purpose and Summary

Chamber: Senate

Introduced date: 2023-03-23

Recent Activity

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Alternative Names

No CBDC Act

No CBDC Act

No Central Bank Digital Currency Act

A bill to amend the Federal Reserve Act to limit the ability of Federal Reserve banks to issue central bank digital currency.

Associated Legislation

undefined

Policy Areas

Finance and Financial Sector

Potential Impact

Sponsors and Supporters

Sen. Lee, Mike [R-UT]

Cosponsors and Supporters

Sen. Braun, Mike [R-IN]

Sen. Cruz, Ted [R-TX]

Sen. Scott, Rick [R-FL]

Committees and Subcommittees

Banking, Housing, and Urban Affairs Committee

Variations and Revisions

No CBDC Act

12/15/2023, 4:06 PM

No Central Bank Digital Currency Act or the No CBDC Act

This bill generally prohibits the Federal Reserve Board, Federal Reserve Banks, the Department of the Treasury, and other agencies from issuing or using a central bank digital ...

Congress
118
Number
S - 967
Introduced on
2023-03-23
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/23/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

No Central Bank Digital Currency Act or the No CBDC Act

This bill generally prohibits the Federal Reserve Board, Federal Reserve Banks, the Department of the Treasury, and other agencies from issuing or using a central bank digital ...

Alternative Names
Official Title as IntroducedA bill to amend the Federal Reserve Act to limit the ability of Federal Reserve banks to issue central bank digital currency.
Policy Areas
Finance and Financial Sector

Comments

Recent Activity

Latest Summary6/26/2023

No Central Bank Digital Currency Act or the No CBDC Act

This bill generally prohibits the Federal Reserve Board, Federal Reserve Banks, the Department of the Treasury, and other agencies from issuing or using a central bank digital ...

Latest Action3/23/2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.