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H.R. 3633IntroducedHouseSenate · nowPresidentLawIn the Senate
Sec. 603 · H.R. 3633

Prohibition on Federal reserve banks indirectly issuing a central bank digital currency

Title VI — Anti-CBDC Surveillance State Act

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Passed the House → Sent to the Senate · Sec. 603

Section 16 of the Federal Reserve Act (12 U.S.C. 411 et seq.), as amended by section 2, is further amended by adding at the end the following paragraph: (19) (A) A Federal reserve bank may not offer a central bank digital currency, or any digital asset that is substantially similar under any other name or label, indirectly to an individual through a financial institution or other intermediary. (B) In this paragraph, the term central bank digital currency has the meaning given that term under section 10(11)(D)..

•HR 3633 RFSSEC. 603

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Sec. 603: Prohibition on Federal reserve banks indirectly issuing a central bank digital currency · Public Law Tracker