HR 1430 · in committee · significant
No CBDC Act
- economy
What this bill does
- This bill prevents the Federal Reserve and Treasury Department from creating or using a digital currency issued by the central bank.
- The restriction applies to all federal banking agencies and departments that might otherwise develop such a currency.
- The bill takes effect immediately upon enactment with no implementation timeline or funding mechanism specified.
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Community Threads
Started by Cosponsor
- 01
What specific concerns about a Federal Reserve digital currency does this bill address, and do those concerns differ from risks in existing payment systems?
- 02
How might preventing central bank digital currency affect the Federal Reserve's ability to conduct monetary policy or respond to financial crises?
- 03
Which other countries have developed central bank digital currencies, and what lessons from their experiences should inform this policy decision?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-TN-5
Andrew Ogles
Citizen cosponsors
0
In Congress
0/ 435
House Reps cosponsoring
Introduced 2025-02-18
Legislative timeline
2025-02-18 · house · IntroReferral
Referred to the House Committee on Financial Services.
2025-02-18 · IntroReferral
Introduced in House
2025-02-18 · IntroReferral
Introduced in House
Citizen comments
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