H.R. 2211 · 117th Congress
Central Bank Digital Currency Study Act of 2021
- Stage
- In committee
- Sponsor
- Bill Foster
- Introduced
- 2021-03-26
- Latest action
- 2021-03-26 · Introduced in House
Summary
Central Bank Digital Currency Study Act of 2021
This bill requires the Board of Governors of the Federal Reserve System to report on the impacts of the introduction of a central bank digital currency (CBDC) on consumers, businesses, monetary policy, and the U.S. financial system. Several countries are currently developing CBDCs in response to the growth of privately issued digital currencies such as Bitcoin.