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S. 1318IntroducedSenateHousePresident · nowLawPassed both chambers
Sec. 205 · S. 1318

Sense of Congress

Title II — Anti-CBDC Surveillance State Act

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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.