S 4994
117th Congress
Senate
Finance and Financial Sector
No Digital Dollar Act
Introduced: September 28, 2022
Introduced by:
Lankford, James
Republican
· Oklahoma
See on congress.gov
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
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1