S. 4994 · 117th Congress
No Digital Dollar Act
- Stage
- In committee
- Sponsor
- James Lankford
- Introduced
- 2022-09-28
- Latest action
- 2022-09-28 · Introduced in Senate
Summary
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.