Prohibits the Federal Reserve from studying, developing, or issuing a central bank digital currency.
I will prohibit the Federal Reserve from studying, developing, or issuing a central bank digital currency.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
GovInfo lists H.R. 1919 as reported with Rep. Frank Lucas among the named members supporting the bill. The bill text would prohibit Federal Reserve banks from issuing a central bank digital currency and would bar the Board of Governors from testing, studying, developing, creating, or implementing a CBDC.
legacy_unverified · Source version not recorded · locator unknown
The Senate floor record states that the motion to proceed to consideration of the House message to accompany S. 1318 was rejected by a 47-52 yea-nay vote, Record Vote Number 164.
Assessments
The promised outcome was a federal statutory prohibition on the Federal Reserve studying, developing, or issuing a CBDC. Lucas materially supported closely matching House anti-CBDC legislation, including H.R. 1919, and the House advanced anti-CBDC language. But the measure was not enacted; the Senate rejected proceeding to the House message for S. 1318 on June 5, 2026, leaving no completed federal prohibition. This is a serious same-term legislative attempt, but the promised prohibition has not been delivered.