Search Results: keywords:"no cbdc act"

  • H. R. 1430 — To amend the Federal Reserve Act to limit the ability of Federal Reserve banks to issue central bank digital currency.
    Status:Introduced in House
    Words:333

    H. R. 1430, also known as the "No Central Bank Digital Currency Act" or "No CBDC Act," seeks to restrict the actions of Federal Reserve banks concerning digital currency. The bill proposes an amendment to the Federal Reserve Act that would prevent banks from directly issuing...

    Simple Explanation

    The No CBDC Act wants to make sure that special banks, called Federal Reserve banks, can't give out or keep digital money like cash for people or companies. It's like saying these banks shouldn't play with digital coins as if they were toys.

  • S. 464 — To amend the Federal Reserve Act to limit the ability of Federal Reserve banks to issue central bank digital currency.
    Status:Introduced in Senate
    Words:363

    S. 464 seeks to amend the Federal Reserve Act to restrict the Federal Reserve banks and other related agencies from issuing central bank digital currency (CBDC) directly to individuals or through intermediaries. The bill also prohibits these entities from offering services...

    Simple Explanation

    The bill S. 464 wants to make a rule that the Federal Reserve cannot give or manage digital money directly to people or handle their digital money accounts.