A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 21, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 21, 2023
Introduced in Senate
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Plain-English summary
This bill prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency directly to an individual.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related & companion bills
1
Bill text
1 version
- Introduced in Senate Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
2
Cite this page
U.S. Congress. (2026). S. 887: A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes.. 118th Congress. Open America. https://openamerica.io/bill/118-S-887/
"S. 887: A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes.." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-887/.
S. 887, 118th Cong. (2026), https://openamerica.io/bill/118-S-887/.
[S. 887: A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes.](https://openamerica.io/bill/118-S-887/)