Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
S464119th CongressWALLET
No CBDC Act
Sponsored By: Senator Lee, Mike [R-UT]
Introduced
Summary
Blocks the federal government from creating and issuing a central bank digital currency (CBDC).
Show full summary
- Families and individuals: Stops people from receiving a CBDC directly or through a custodian and from having CBDC accounts maintained on their behalf by federal actors.
- Digital currency intermediaries and banks: Prohibits offering CBDC products or services directly to individuals via digital currency intermediaries or supervised commercial banks, including specially designated accounts.
- Federal entities: Prevents the Federal Reserve Board, Federal Reserve Banks, the Secretary of the Treasury, and other agencies from minting, holding, or carrying U.S.-issued digital currencies on federal balance sheets or using them to satisfy requirements under section 2A.
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Ban on U.S. Digital Dollar
This bill would bar the Federal Reserve, the Treasury, and federal agencies from creating or managing a U.S. digital dollar. They could not mint or issue a digital dollar to an individual or to a digital currency company. They could not offer digital-dollar products or services directly to people. They could not keep accounts for individuals at Fed banks, supervised banks, or digital-currency intermediaries. Federal Reserve banks could not list U.S.-issued digital dollars as assets or liabilities on their balance sheets. The bill would ban using such digital dollars to meet requirements under section 2A. These bans would take effect upon enactment.
Sponsors & CoSponsors
Sponsor
Lee, Mike [R-UT]
UT • R
Cosponsors
Sen. Cruz, Ted [R-TX]
TX • R
Sponsored 2/6/2025
Sen. Scott, Rick [R-FL]
FL • R
Sponsored 2/6/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov