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H.R. 3838IntroducedHouseSenate · nowPresidentLawIn the Senate
Sec. 5105 · H.R. 3838

Sense of Congress

Division E — Other Matters › Title LI — Prohibitions Relating to Central Bank Digital Currency

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It is the sense of Congress that the Board of Governors of the Federal Reserve System currently does not have the authority to issue a central bank digital currency, or any digital asset that is substantially similar under any other name or label, and will not have such authority unless Congress grants it under Congress’s Article 1 Section 8 powers.