# 117-hr-7231: ECASH Act

117-hr-7231, ECASH Act, is a 117th Congress bill sponsored by Rep. Lynch, Stephen F. [D-MA-8] (D-MA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-7231
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-7231
- Congress: 117
- Title: ECASH Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2022-03-28
- Sponsor: Rep. Lynch, Stephen F. [D-MA-8] (D-MA)
- Cosponsors: 4
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Electronic Currency And Secure Hardware Act or the ECASH Act This bill requires the Department of the Treasury to support the development of an electronic dollar. The electronic dollar must be payable to the bearer; considered legal tender; an obligation of the United States; placed into circulation by Treasury; able to be directly used by the public; and capable of instantaneous, offline transactions using hardware devices not involving a third-party intermediary. The bill also provides for privacy requirements applicable to any hardware device used for electronic dollar transactions. Merchants who accept physical currency and the federal government must accept electronic dollars as a form of payment. The bill also establishes the Electronic Currency Innovation Program to direct the development and implementation of electronic currency, the Digital Dollar Council to coordinate Treasury's activities with other government entities, and the Monetary Privacy Board to review and evaluate the electronic dollar program. Finally, the bill provides for the establishment of a Treasury Electronic Currency Innovation Fund Account to carry out related programs.

## Cosponsors (4)

- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2022-03-28T00:00:00.000Z
- Rep. Pressley, Ayanna [D-MA-7] (D-MA), 2022-03-28T00:00:00.000Z
- Rep. Adams, Alma S. [D-NC-12] (D-NC), 2022-03-28T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2022-03-28T00:00:00.000Z

## Related bills

- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act
- 117-hr-9648: Bus Rapid Transit Act
- 117-hr-8297: Ensuring Women’s Right to Reproductive Freedom Act
- 117-hres-1209: Recognizing that it is the duty of the Federal Government to develop and implement a Transgender Bill of Rights to protect and codify the rights of transgender…
- 117-hres-1152: Condemning the atrocity that occurred in Buffalo, New York, on May 14, 2022, in which 10 Americans were killed and 3 were injured, and in which 11 of the 13 vi…

## Sources
- [117-hr-7231 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/7231)

## Related
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1842)
- [117-hr-9648: Bus Rapid Transit Act](https://policyrisk.com/legislation/117-hr-9648)
- [117-hr-8297: Ensuring Women’s Right to Reproductive Freedom Act](https://policyrisk.com/legislation/117-hr-8297)
- [117-hres-1209: Recognizing that it is the duty of the Federal Government to develop and implem…](https://policyrisk.com/legislation/117-hres-1209)
- [117-hres-1152: Condemning the atrocity that occurred in Buffalo, New York, on May 14, 2022, in…](https://policyrisk.com/legislation/117-hres-1152)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-7231 (as of 2025-11-18).