arrow_back Back to App

Prohibiting Central Bank Digital Currency (CBDC) for US Citizens

This bill aims to prevent central banks and other government agencies from issuing digital currency directly to individuals. This means the government would not be able to create or control a digital version of the dollar for payments, nor maintain digital accounts for individuals. The goal is to protect financial privacy and prevent direct government control over citizens' money.
Key points
Central banks and government agencies will be prohibited from issuing digital currency directly to individuals.
The government will not be able to offer related digital currency products or services directly to individuals.
Central banks will be prevented from maintaining digital accounts on behalf of individuals.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1430
Sponsor: Rep. Ogles, Andrew [R-TN-5]
Process start date: 2025-02-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

No CBDC Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1430.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-18.

What are the main provisions?

Key points include:

  • Central banks and government agencies will be prohibited from issuing digital currency directly to individuals.
  • The government will not be able to offer related digital currency products or services directly to individuals.
  • Central banks will be prevented from maintaining digital accounts on behalf of individuals.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Ogles, Andrew [R-TN-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy