No Digital Dollar Act

United States117th CongressS-4994Senate

Updated: Sep 28, 2022

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.

Bill texts

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Introduced (Senate)View official text

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Timeline

September 28, 2022
Introduced in Senate
September 28, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Senate

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