US Senators Pass Bipartisan Housing Bill With CBDC Ban Through 2031
On Thursday (March 12), a bipartisan amendment successfully attached to the "Road Home" Act prohibits Federal Reserve issuance of central bank digital currencies. The ban remains in effect until December 31, 2031, reflecting growing legislative concern over protecting financial freedom and privacy among lawmakers on both sides of Congress. While Senate approval was decisive with overwhelming support for this specific provision, critics from the House argue that conservatives should demand a permanent rather than temporary prohibition before final passage occurs.
Key Points
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1The US Senate voted decisively Thursday (March 12) to include an amendment in a bipartisan housing act that prohibits the Federal Reserve from issuing a CBDC.
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2If signed into law, this temporary ban on Central Bank Digital Currency implementation would remain effective until December 30 or January of next year depending on specific legislative text cited as 'Dec. 31' versus end-of-year dates in reports (ranging between Dec 29-31 and Jan/Feb).
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3While the Senate passed this measure, it faces potential opposition from House lawmakers who criticize their exclusion from talks.
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4There is also reported lack of enthusiasm or support for signing such legislation into law at a federal level.
Developments
The U.S. Senate passed a provision in housing legislation on Thursday banning Federal Reserve issuance of central bank digital currency (CBDC) until December 31, 2030; however, this ban excludes open and private dollar-denominated stablecoins like those supported by Treasury Secretary Scott Bessent's administration strategy to extend U.S. monetary dominance.
The US Senate passed bipartisan legislation prohibiting Federal Reserve issuance of retail Central Bank Digital Currency (CBDC) as part of housing reform. This temporary ban expires on December 31, 2030 and is currently awaiting consideration by the House of Representatives despite opposition from some Republicans seeking a permanent prohibition.
The U.S. Senate passed bipartisan housing bill 89–10 that includes language temporarily banning Federal Reserve digital currency issuance until at least 2031, though some Republican lawmakers are demanding a permanent ban and have criticized their exclusion from negotiations for the final vote on this measure which now moves to Congress in its entirety
The U.S. Senate overwhelmingly approved housing legislation that includes an 8-year ban on developing American CBDCs ("digital dollars"), but it remains unsigned and faces opposition in Congress from both Democrats (who oppose large institutional investments) and Republicans, as well as potential presidential delays pending the passage of other bills like SAVE Act