Bill117th CongressFiled Sep 28, 2022Finance and Financial Sector
S. 4994
No Digital Dollar Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Sep 28, 2022)
No Digital Dollar Act
This bill prohibits the use of a central bank digital currency as legal tender. Further, if a central bank digital currency is issued, (1) the Federal Reserve Board must continue issuing Federal Reserve notes, and (1) the Department of the Treasury must continue minting and issuing coins.
What just happenedSep 28, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Lankford, James [R-OK](R-OK)Sponsor
1committees2actions
- Introduced in SenateSep 28, 2022
- Sep 28, 2022IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Sep 28, 2022IntroReferral10000
Introduced in Senate