HOUSE 2211117th CongressReferred to the House Committee on Financial Services.
Central Bank Digital Currency Study Act of 2021
- Last Action
- 3/26/2021
Actions
- 2021-03-26Referred to the House Committee on Financial Services.
- 2021-03-26Introduced in House
- 2021-03-26Introduced in House
CRS Summary
As of 2021-03-26 (00)
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.
Cosponsors (1)
- J. Hill (R-AR)
Subjects
- Banking and financial institutions regulation
- Computer security and identity theft
- Computers and information technology
- Congressional oversight
- Currency
- Digital media
- Federal Reserve System
- Financial crises and stabilization
- Fraud offenses and financial crimes
- Government studies and investigations
- International law and treaties
- International monetary system and foreign exchange
- Licensing and registrations
- Monetary policy
- Right of privacy
- Sanctions
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.