H.R. 1919
Bans Federal Reserve digital dollar and individual accounts
Bars Federal Reserve banks from offering direct services or accounts to individuals and from issuing a digital dollar; bars the Fed Board from using one for monetary policy and from testing or studying one.
- Federal Reserve banks could not offer products or services directly to individuals
- They could not hold accounts for individuals or issue a digital dollar
- The Federal Reserve Board could not use a digital dollar for monetary policy
- The Board could not test, study, create, or implement a digital dollar, with exceptions
Passed the House · Senate's turn