No CBDC Act

Senate Bill

S. 464

119th Congress

No CBDC Act

In Committee

Introduced:Feb 6, 2025

Primary Sponsor

Lisa A. Murkowski

Senator

Republican

AK

Cosponsors

2

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill prohibits the Federal Reserve, Treasury Department, and other agencies from issuing or using a central bank digital currency. It prevents the government from creating a digital dollar that could compete with private cryptocurrencies or cash.

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

AI Summary

Plain-English explanation of this bill

This bill prohibits the Federal Reserve, Treasury Department, and other agencies from issuing or using a central bank digital currency. It prevents the government from creating a digital dollar that could compete with private cryptocurrencies or cash.

Last updated: 1/5/2026

Official Summary

Congressional Research Service summary

No Central Bank Digital Currency Act or the No CBDC Act This bill generally prohibits the Federal Reserve Board, Federal Reserve Banks, the Department of the Treasury, and other agencies from issuing or using a central bank digital currency.

Key Points

Main provisions of the bill

Prohibits Federal Reserve from issuing digital currency
Bans Treasury Department from creating CBDC
Prevents other agencies from using central bank digital currency
Blocks creation of digital dollar
Addresses privacy and government control concerns

How This Impacts Americans

Potential effects on citizens and communities

The U.S. government would be barred from creating a digital currency that could track transactions or replace cash. This responds to concerns about government surveillance and control over financial transactions.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

464, 119th Congress (2025). "No CBDC Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-464