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 Board of Governors of the Federal Reserve System and Federal reserve banks from issuing or creating a central bank digital currency.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
Public Law 119-101 added a Federal Reserve Act section barring the Board of Governors or a Federal reserve bank from issuing or creating a CBDC, including indirectly through intermediaries, but the section sunsets on December 31, 2030. The Office of the Federal Register note says H.R. 6644 became law without the President's signature on July 11, 2026.
legacy_unverified · Source version not recorded · locator unknown
GovInfo lists H.R. 10017, the Permanent CBDC Ban Act, with the full title to permanently prohibit the Federal Reserve Board or a Federal reserve bank from issuing or creating a CBDC. The August 3, 2026 action introduced the bill and referred it to the House Financial Services Committee; Marlin A. Stutzman is listed among cosponsors.
Assessments
The promised outcome was a permanent federal prohibition on the Federal Reserve Board and Federal reserve banks issuing or creating a CBDC. During Stutzman's current House term, Public Law 119-101 enacted a CBDC issuance ban, but it sunsets on December 31, 2030, so it is temporary rather than permanent. Stutzman also cosponsored H.R. 10017, the Permanent CBDC Ban Act, which directly matches the promise, but the latest official status is referral to the House Financial Services Committee rather than enactment. Therefore the promise has been partially fulfilled in the same term, with credit for a serious same-term legislative effort toward the full permanent ban.