CONGRESS FOR VOTERS

RepublicanBill · H.R. 10017· House(119-HR-10017)

Permanent CBDC Ban Act

Rep. Cloud
Age: 51 years
Texas
Introduced
8/3/2026
Last activity
8/3/2026 — Referred to the House Committee on Financial Services.
Sponsored by
Michael Cloud
Cosponsors
Republican - 33Democrat - 0
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This bill is titled the "Permanent CBDC Ban Act." It aims to permanently prohibit the Board of Governors of the Federal Reserve System or a Federal reserve bank from issuing or creating a central bank digital currency. To achieve this, the legislation amends Section 16A of the Federal Reserve Act by striking subsection (d). This action results in the redesignation of subsection (e) as subsection (d).

Yes

  • Does this protect people from being watched or searched?+7

    Prevents the creation of a CBDC which could enable government monitoring of individual financial transactions.

  • Does this give people more control over their personal data?+5

    Prohibiting a CBDC prevents potential government surveillance associated with digital currency tracking.

The opposite

  • Does this give the federal government more power?-7

    The bill explicitly limits the power of the Federal Reserve to create a new form of currency.