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S. 4994 117th Congress Senate

No Digital Dollar Act

Official title: A bill to amend the Federal Reserve Act to prohibit the Board of Governors of the Federal Reserve System from discontinuing Federal Reserve notes if a central … Show full official titleShow less

Official title: A bill to amend the Federal Reserve Act to prohibit the Board of Governors of the Federal Reserve System from discontinuing Federal Reserve notes if a central bank digital currency is issued, and for other purposes.

Introduced: September 28, 2022 Introduced by: James Lankford Republican · Oklahoma See on congress.gov
Finance and Financial Sector
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 28, 2022
Introduced in Senate
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 Latest action September 28, 2022

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

No Digital Dollar Act

This bill prohibits the use of a central bank digital currency as legal tender. Further, if a central bank digital currency is issued, (1) the Federal Reserve Board must continue issuing Federal Reserve notes, and (1) the Department of the Treasury must continue minting and issuing coins.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 4994: No Digital Dollar Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-4994/
MLA
"S. 4994: No Digital Dollar Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4994/.
Bluebook (legal)
S. 4994, 117th Cong. (2026), https://openamerica.io/bill/117-S-4994/.
Markdown link
[S. 4994: No Digital Dollar Act](https://openamerica.io/bill/117-S-4994/)
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