No CBDC Act

12/15/2023, 4:06 PM

Congressional Summary of S 967

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 currency.

Current Status of Bill S 967

Bill S 967 is currently in the status of Bill Introduced since March 23, 2023. Bill S 967 was introduced during Congress 118 and was introduced to the Senate on March 23, 2023.  Bill S 967's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 23, 2023

Bipartisan Support of Bill S 967

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
3
Democrat Cosponsors
0
Republican Cosponsors
3
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 967

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 967

No CBDC ActNo CBDC ActNo Central Bank Digital Currency ActA bill to amend the Federal Reserve Act to limit the ability of Federal Reserve banks to issue central bank digital currency.
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