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S 464119th CongressIntroduced
No CBDC Act
Introduced: Oct 29, 2025
Economy & TaxesFinancial ServicesTechnology & Innovation
Standard Summary
Comprehensive overview in 1-2 paragraphs
The No CBDC Act prohibits Federal Reserve banks from issuing central bank digital currency directly to individuals, holding government-minted digital currencies as assets or liabilities, or offering related services to individuals, while restricting account maintenance for such purposes.
Key Points
- 1Bars Federal Reserve banks from issuing CBDC directly to individuals or intermediaries
- 2Prevents CBDC from being held as assets or liabilities on Federal Reserve balance sheets
- 3Restricts offering CBDC-related products/services to individuals or maintaining associated accounts
Impact Areas
Federal Reserve SystemDigital currency intermediariesIndividual consumersCommercial banking institutions
Generated by Legislative Analysis v3.2 on Nov 2, 2025