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Central Bank Digital Currency Study Act of 2021

Introduced: March 26, 2021 Introduced by: Foster, Bill Democratic · Illinois See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 26, 2021
Referred to the House Committee on Financial Services.
Mar 26, 2021
Introduced in House
 Plain-English summary Congressional Research Service

Central Bank Digital Currency Study Act of 2021

This bill requires the Board of Governors of the Federal Reserve System to report on the impacts of the introduction of a central bank digital currency (CBDC) on consumers, businesses, monetary policy, and the U.S. financial system. Several countries are currently developing CBDCs in response to the growth of privately issued digital currencies such as Bitcoin.

What's happening now March 26, 2021

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1