Bill introduced to prohibit a central bank digital currency
/ 1 min read
Table of Contents
Representative [Name not provided in text] introduced this bill in the House. It would prevent the Board of Governors of the Federal Reserve System and any Federal Reserve bank from creating or issuing a central bank digital currency (CBDC).
Why it matters: This bill would prevent the Federal Reserve from developing its own digital currency if it decided to do so in the future. At this stage, it is a preventative measure rather than a change to existing policy.
Who it affects
- The Federal Reserve System
This information comes from Congress.gov regarding a bill introduced in the House; check the official text at Congress.gov before relying on it.
Agency: House
Source: Congress.gov — read the official document