Search Results for keywords:"central bank digital currency"

Search Results: keywords:"central bank digital currency"

H. R. 5403 — To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
💰
May 07, 2024
Status:Reported in House
Congress:118
Words:1,784
H.R. 5403 is a bill aimed at amending the Federal Reserve Act to limit the Federal Reserve Banks' abilities in two major areas. First, it prohibits these banks from directly offering products or services to individuals or maintaining individual accounts. Second, the bill blocks the Federal...
Simple Explanation
H.R. 5403 is a rule that says the big banks in charge of our money can't make special digital money for people unless the big U.S. bosses (Congress) say yes, and it makes sure that the same privacy rules we have for cash are used for some digital monies too.
H. RES. 1243 — Providing for consideration of the bill (H.R. 4763) to provide for a system of regulation of digital assets by the Commodity Futures Trading Commission and the Securities and Exchange Commission, and for other purposes; providing for consideration of the bill (H.R. 5403) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; and providing for consideration of the bill (H.R. 192) to prohibit individuals who are not citizens of the United States from voting in elections in the District of Columbia.
May 21, 2024
Status:Reported in House
Congress:118
Words:1,577
H. RES. 1243 provides guidelines for the consideration of three bills in the House of Representatives. The first bill, H.R. 4763, aims to establish a regulatory framework for digital assets through the Commodity Futures Trading Commission and the Securities and Exchange...
Simple Explanation
H. RES. 1243 is a plan that helps lawmakers talk about three rules: one makes new rules for digital money, another stops special banks from giving people money directly, and the last one says only certain people can vote in certain places.
H. R. 5403 — An Act To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
💰
May 23, 2024
Status:Engrossed in House
Congress:118
Words:1,038
H.R. 5403, known as the "CBDC Anti-Surveillance State Act," aims to amend the Federal Reserve Act to restrict the Federal Reserve banks from offering products or services directly to individuals and from issuing a central bank digital currency (CBDC). It prohibits the use of...
Simple Explanation
H.R. 5403 is a bill that says the U.S. government cannot use a special kind of digital money called "central bank digital currency" or CBDC, to make rules about money without first asking permission from Congress. It also makes sure that this money can't be given to people directly and must keep people's money secret and safe.
H. R. 5403 — An Act To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
💰
June 03, 2024
Status:Referred in Senate
Congress:118
Words:1,013
H.R. 5403, also known as the "CBDC Anti-Surveillance State Act," proposes amendments to the Federal Reserve Act to restrict Federal Reserve banks from directly or indirectly offering digital currencies to individuals. The bill explicitly prohibits these banks from issuing a...
Simple Explanation
H.R. 5403 is like a rule that says the big bank in charge of all the banks can’t make a special kind of money just for computers without asking Congress first. It also says they can’t use this money to change how they control money in the country.
H. RES. 1243 — Providing for consideration of the bill (H.R. 4763) to provide for a system of regulation of digital assets by the Commodity Futures Trading Commission and the Securities and Exchange Commission, and for other purposes; providing for consideration of the bill (H.R. 5403) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; and providing for consideration of the bill (H.R. 192) to prohibit individuals who are not citizens of the United States from voting in elections in the District of Columbia.
May 22, 2024
Status:Engrossed in House
Congress:118
Words:1,139
H. RES. 1243 establishes procedures for how the House of Representatives will debate and consider three specific bills. First, it allows the House to discuss and make amendments to H.R. 4763, which aims to regulate digital assets through key financial agencies. Second, it...
Simple Explanation
In Congress, they are planning how to talk about three topics: rules for digital money, stopping banks from giving money directly to people, and making sure only U.S. citizens can vote in Washington, D.C. elections.
S. 3801 — To amend the Federal Reserve Act to prohibit the Federal Reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
💰
February 26, 2024
Status:Introduced in Senate
Congress:118
Words:908
S. 3801 aims to amend the Federal Reserve Act to restrict Federal Reserve banks from offering digital products or services directly to individuals. It prohibits the use of central bank digital currency (CBDC) for monetary policy and prevents these banks from directly or...
Simple Explanation
S. 3801 is like a new rule saying the big bank in charge of all money can't make special digital money or special digital things for people without getting a thumbs-up from other leaders. This stops them from using the new digital money to change how money works, but still lets people use private digital money like coins and bills.

Showing 1 to 6 of 6 results