August 3, 2026
Mr. Cloud (for himself, Mr. Donalds, Mr. Messmer, Mr. Roy, Mr. Carter of Georgia, Mr. Moore of Alabama, Mr. Perry, Mr. Clyde, Mr. McCormick, Mr. Steube, Mr. Self, Ms. Mace, Mr. Ogles, Mr. Harrigan, Mr. Van Epps, Mrs. Biggs of South Carolina, Ms. Boebert, Mr. Moore of West Virginia, Mr. Van Orden, Mr. Cline, Mr. Davidson, Mr. Crane, Mr. Taylor, Mr. Bacon, Mr. McDowell, Mr. Stutzman, Ms. Hageman, Mr. Gosar, Mr. Burlison, Mr. Higgins of Louisiana, and Mrs. Harshbarger) introduced the following bill; which was referred to the Committee on Financial Services
To permanently prohibit the Board of Governors of the Federal Reserve System or a Federal reserve bank from issuing or creating a central bank digital currency, and for other purposes.
Section 1. Short title
This Act may be cited as the Permanent CBDC Ban Act
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Sec. 2. Permanent prohibition
Section 16A of the Federal Reserve Act is amended by striking subsection (d) and redesignating subsection (e) as subsection (d).