S 1124 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis bill stops the Federal Reserve from creating or issuing a digital version of the U.S. dollar, often called a central bank digital currency. It also prevents Federal Reserve banks from offering services or holding accounts directly for individual people. Additionally, the Federal Reserve's Board of Governors is not allowed to use a digital dollar to manage the economy or to test, study, or develop one, except in certain cases allowed by the bill.
Your Vote
Discussion (0)
Explain what is at stake in this bill.
Sign in to join the discussion.
No comments yet. Be the first.