To permanently prohibit the Board of Governors of the Federal Reserve System or a Federal reserve bank from issuing or creating a central bank digital currency, and for other purposes.
Permanently prohibit the Federal Reserve Board or a Federal Reserve bank from issuing or creating a central bank digital currency.
Occurrences
Evidence
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H.R. 10017 was introduced August 3, 2026 and referred to the House Committee on Financial Services. Its full title is: “To permanently prohibit the Board of Governors of the Federal Reserve System or a Federal reserve bank from issuing or creating a central bank digital currency, and for other purposes.” GovInfo lists Rep. Sheri Biggs as a cosponsor.
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The House Financial Services Committee stated that the 21st Century ROAD to Housing Act became law and that it “includes a prohibition on the issuance of a Central Bank Digital Currency (CBDC) until December 31, 2030.”
Assessments
A federal CBDC prohibition has become law during Biggs's current House term, but it sunsets on December 31, 2030, so it does not satisfy the promise to permanently prohibit the Federal Reserve Board or a Federal Reserve bank from issuing or creating a CBDC. Biggs also cosponsored H.R. 10017, the Permanent CBDC Ban Act, which directly matches the promised permanent ban, but that bill has only been introduced and referred to committee, not enacted. The enacted temporary ban supports partial fulfillment, while her cosponsorship supports recognizing effort toward full delivery.