HRES 629
Expressing the sense of the House of Representatives that the Board of Governors of the Federal Reserve System and the Federal Open Market Committee should not be permitted to develop, create, or implement a central bank digital currency, or use any such tool to implement monetary policy.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This resolution expresses the House of Representatives’ concern about the potential development and implementation of a central bank digital currency (CBDC) by the Federal Reserve. It argues that such a currency could lead to increased government surveillance and control over financial transactions. The resolution highlights concerns about similar actions taken in other countries, such as China’s digital yuan and Canada’s restrictions on financial donations, and emphasizes the importance of protecting financial independence and free speech. It urges the Federal Reserve to refrain from pursuing a CBDC.
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Primary sponsor
Cosponsors
Dan Bishop
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