Prevent creation of a central bank digital currency

Partially done

Printed page 741 24. Federal Reserve

“Prevent the institution of a central bank digital currency (CBDC). A CBDC would provide unprecedented surveillance and potential control of financial transactions without providing added benefits available through existing technologies.”

What has happened

Jul 17, 2025 Partially done
The House passed the Anti-CBDC Surveillance State Act (H.R. 1919) 219-210, which would write the ban into the Federal Reserve Act itself — barring Federal Reserve banks from issuing a CBDC directly or indirectly and from offering accounts or products to individuals. The Senate companion (S. 1124) has not moved out of the Banking Committee, and the FY2026 National Defense Authorization Act (Public Law 119-60) carries no CBDC provision, so the prohibition remains executive-only.
- H.R. 1919, Anti-CBDC Surveillance State Act, as engrossed in the House
  Primary Congress Jul 17, 2025
Jan 23, 2025 Partially done
Executive Order 14178, section 5, prohibits agencies from "undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad" and orders any ongoing CBDC plans or initiatives "immediately terminated." It also revoked Executive Order 14067 and Treasury's 2022 digital-asset framework. This is the ask carried out by executive action, but only in part: the order binds executive departments and agencies and is revocable at will, and the Federal Reserve — the only body that could issue a central bank digital currency — is an independent agency whose monetary functions the order's "agencies" definition does not reach.
- Executive Order 14178 — Strengthening American Leadership in Digital Financial Technology (section 5 prohibits agencies from establishing, issuing or promoting a CBDC)
  Primary Executive branch Jan 23, 2025
- Strengthening American Leadership in Digital Financial Technology (Executive Order 14178)
  Primary Executive branch Jan 23, 2025

Research log

What was searched, and what didn’t count as evidence

Research notes

The Federal Reserve’s own posture is not separately documented on an allowlisted page for this window; the Status rests on the executive order and the House vote.
H.R. 1919’s House roll call was No. 201 on 2025-07-17 (219-210), reached under the closed rule in H. Res. 580. The congress.gov actions endpoint carries the vote; the congress.gov page itself refuses automated fetches, so the govinfo engrossed text is cited instead.
The FY2026 NDAA (Public Law 119-60, enacted 2025-12-18) was checked directly for a CBDC provision — the enrolled text at govinfo contains no occurrence of “central bank digital currency.” No public law in the window bans a CBDC.
Later bills exist but have not moved: Permanent CBDC Ban Act (H.R. 10017, 2026-08-03), No CBDC Act (H.R. 1430, S. 464), Chinese CBDC Prohibition Act of 2026 (S. 4601).

Action: restrict
Object: Central bank digital currency (CBDC)
ID: 2030