S 464 · in committee · significant
No CBDC Act
- economy
What this bill does
- This bill prevents federal agencies from creating or using a central bank digital currency.
- It affects the Federal Reserve, Treasury Department, and other government agencies involved in currency.
- The bill takes effect immediately upon passage with no new spending required.
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Community Threads
Started by Cosponsor
- 01
How would preventing federal agencies from creating a CBDC affect the U.S. ability to compete with other countries developing digital currencies?
- 02
What specific risks to financial privacy or government surveillance does this bill aim to address compared to current payment systems?
- 03
If the Federal Reserve cannot develop a CBDC, how might this impact the payments infrastructure available to unbanked or underbanked Americans?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-UT
Mike Lee
Citizen cosponsors
0
In Congress
2/ 100
Senators cosponsoring
Introduced 2025-02-06
Joining the bill
Legislative timeline
2025-02-06 · senate · IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-02-06 · IntroReferral
Introduced in Senate
Citizen comments
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