This bill prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency (i.e., a digital dollar). Further, the Board of Governors of the Federal Reserve System is prohibited from using a central bank digital currency to implement monetary policy or from testing, studying, creating, or implementing a central bank digital currency, with exceptions as provided by the bill.
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More on this bill
Where it stands
Introduced
Passed House
3Passed Senate
4To President
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Jul 17Considered under the provisions of rule H. Res. 580. (consideration: CR H3427-3434)Latest
Vote recorded On Passage. Result: Passed.House
Jul 17Rule provides for consideration of H.R. 4016, H.R. 3633, H.R. 1919 and S. 1582. The resolution provides for consideration of H.R. 4016 and H.R. 3633 under a structured rule, and H.R. 1919 and S. 1582 under a closed rule, with one hour of general debate on each bill. The resolution provides for a motion to recommit on H.R. 4016, H.R. 3633, and H.R. 1919, and a motion to commit on S. 1582.
Jul 17DEBATE - The House proceeded with one hour of debate on H.R. 1919.
Jul 17The previous question was ordered pursuant to the rule.
Jul 17POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 1919, the Chair put the question on passage of the bill and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jul 17Considered as unfinished business. (consideration: CR H3450)
Jul 17Passed/agreed to in House: On passage Passed by the Yeas and Nays: 219 - 210 (Roll no. 201).Passed House
Jul 17On passage Passed by the Yeas and Nays: 219 - 210 (Roll no. 201). (text of amendment in the nature of a substitute: CR H3427-3428)
Jul 17Motion to reconsider laid on the table Agreed to without objection.
Jul 15Rules Committee Resolution H. Res. 580 Reported to House. Rule provides for consideration of H.R. 4016, H.R. 3633, H.R. 1919 and S. 1582. The resolution provides for consideration of H.R. 4016 and H.R. 3633 under a structured rule, and H.R. 1919 and S. 1582 under a closed rule, with one hour of general debate on each bill. The resolution provides for a motion to recommit on H.R. 4016, H.R. 3633, and H.R. 1919, and a motion to commit on S. 1582.
May 6Reported (Amended) by the Committee on Financial Services. H. Rept. 119-92.
May 6Placed on the Union Calendar, Calendar No. 66.
Apr 2Committee Consideration and Mark-up Session Held
Apr 2Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 22.
Mar 6Introduced in House
Mar 6Referred to the House Committee on Financial Services.Introduced