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

Hozzl · 2025-02-07T11:56:28Z

Explore the details of Senate Bill 464 A bill to amend the Federal Reserve Act to limit the ability of Federal Reserve banks to issue central bank digital currency. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/7/2025, 11:56 AM

Summary of Bill S 464

Bill 119 s 464, also known as the "Federal Reserve Digital Currency Limitation Act," is a proposed piece of legislation that aims to amend the Federal Reserve Act in order to restrict the ability of Federal Reserve banks to issue central bank digital currency (CBDC).

The bill seeks to address concerns about the potential risks and implications of introducing a CBDC, which is a form of digital currency issued by a central bank. Proponents of the bill argue that allowing Federal Reserve banks to issue CBDC could have negative consequences for the stability of the financial system and could potentially undermine the role of traditional banks in the economy.

If passed, the bill would impose limitations on the Federal Reserve's ability to create and distribute CBDC, effectively preventing them from moving forward with any plans to introduce a digital currency. This would ensure that the current financial system remains intact and that traditional banks continue to play a central role in the economy. Overall, Bill 119 s 464 represents a significant effort to regulate the development of digital currencies by central banks and to ensure that any potential risks associated with CBDC issuance are carefully considered and addressed.

Current Status of Bill S 464

Bill S 464 is currently in the status of Bill Introduced since February 6, 2025. Bill S 464 was introduced during Congress 119 and was introduced to the Senate on February 6, 2025. Bill S 464's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of February 6, 2025

Bipartisan Support of Bill S 464

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Policy Area and Potential Impact of Bill S 464

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Alternate Title(s) of Bill S 464

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