Central Bank Digital Currency Study Act of 2021
USA117th CongressHR-2211| House
| Updated: 3/26/2021
Bill Foster
Democratic Representative
Illinois
Cosponsors (1)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Banking and financial institutions regulationComputers and information technologyComputer security and identity theftCongressional oversightCurrencyDigital mediaFederal Reserve SystemFinancial crises and stabilizationFraud offenses and financial crimesGovernment studies and investigationsInternational law and treatiesInternational monetary system and foreign exchangeLicensing and registrationsMonetary policyRight of privacySanctions
Central Bank Digital Currency Study Act of 2021
USA117th CongressHR-2211| House
| Updated: 3/26/2021
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Bill Foster
Democratic Representative
Illinois
Cosponsors (1)
Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Banking and financial institutions regulationComputers and information technologyComputer security and identity theftCongressional oversightCurrencyDigital mediaFederal Reserve SystemFinancial crises and stabilizationFraud offenses and financial crimesGovernment studies and investigationsInternational law and treatiesInternational monetary system and foreign exchangeLicensing and registrationsMonetary policyRight of privacySanctions