#aah? ,,congress  #b;d ,session  ,h4 ,r4
 #edjc  ,,an ,,act  ,to am5d ! ,f$]al   
,res]ve ,act to prohibit ! ,f$]al res]ve
 banks f (f]+ c]ta9 products or s]vices 
directly to an individual1 to prohibit !
 use ( c5tral bank digital curr5cy =    
monet>y policy1 & = o!r purposes4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,,cbdc ,anti-,surveillance ,/ate ,act4  
#b4 ,prohibition on ,f$]al res]ve banks 
relat+ to c]ta9 products or s]vices =   
individuals & prohibition on directly   
issu+ a c5tral bank digital curr5cy     
,section #af ( ! ,f$]al ,res]ve ,act is 
am5d$ by add+ at ! end ! foll[+ new     
p>agraph3  7#ah7 ,a ,f$]al res]ve bank  
%all n-- 7,a7 (f] products or s]vices   
directly to an individual2  7,b7 ma9ta9 
an acc\nt on behalf ( an individual2 or 
7,c7 issue a c5tral bank digital        
curr5cy1 or any digital asset t is      
sub/antially simil> "u any o!r "n or    
label1 directly to an individual4  4    
#c4 ,prohibition on ,f$]al res]ve banks 
indirectly issu+ a c5tral bank digital  

curr5cy ,section #af ( ! ,f$]al ,res]ve 
,act1 z am5d$ by section #b1 is fur!r   
am5d$ by add+ at ! end ! foll[+ new     
p>agraph3  7#ai7 7,a7 ,a ,f$]al res]ve  
bank %all n (f] a c5tral bank digital   
curr5cy1 or any digital asset t is      
sub/antially simil> "u any o!r "n or    
label1 indirectly to an individual ?r\gh
 a f9ancial in/itution or o!r int]m$i>y4
  7,b7 ,subp>agraph 7,a7 may n be       
con/ru$ to prohibit any doll>-d5om9at$  
curr5cy t is op51 p]missionless1 &      
private1 & fully pres]ves ! privacy     
protections ( ,unit$ ,/ates co9s &      
physical curr5cy4  4  #d4 ,prohibition  
on ! use ( c5tral bank digital curr5cy =
 monet>y policy ,section #af ( ! ,f$]al 
,res]ve ,act1 z am5d$ by section #c1 is 
fur!r am5d$ by add+ at ! end ! foll[+   
new p>agraph3  7#bj7 ,prohibition on !  
use ( c5tral bank digital curr5cy =     
monet>y policy ,! ,bo>d ( ,gov]nors ( ! 
,f$]al ,res]ve ,sy/em & ! ,f$]al ,op5   
,m>ket ,committee %all n use any c5tral 
bank digital curr5cy1 or any digital    

asset t is sub/antially simil> "u any   
o!r "n or label1 to implem5t monet>y    
policy4  4  #e4 ,c5tral bank digital    
curr5cy  7a7 ,9 g5]al ,! ,f$]al ,res]ve 
,act 7#ab ,u4,s4,c4 #bba et seq47 is    
am5d$ by ins]t+ aft] section #af !      
foll[+3  #af;,a4 ,c5tral bank digital   
curr5cy  7a7 ,9 g5]al ,! ,bo>d (        
,gov]nors ( ! ,f$]al ,res]ve ,sy/em may 
n1 abs5t ,congressional au?orization1   
design1 build1 develop1 e/abli%1 or     
issue a c5tral bank digital curr5cy4    
7b7 ,c5tral bank digital curr5cy def9$  
,9 ?is section1 ! t]m c5tral bank       
digital curr5cy means a =m ( digital    
money or monet>y value1 d5om9at$ 9 !    
national unit ( acc\nt1 t is a direct   
liability ( ! ,f$]al ,res]ve ,sy/em4  4 
7b7 ,treasury ,*apt] #c ( subtitle ,i ( 
title #ca ( ! ,unit$ ,/ates ,code is    
am5d$ by ins]t+ aft] section #caf !     
foll[+3  #cag4 ,c5tral bank digital     
curr5cy  7a7 ,9 g5]al ,! ,secret>y ( !  
,treasury may n1 abs5t ,congressional   
au?orization1 direct ! ,bo>d ( ,gov]nors

 ( ! ,f$]al ,res]ve ,sy/em to design1   
build1 develop1 e/abli%1 or issue a     
c5tral bank digital curr5cy4  7b7       
,c5tral ,bank ,digital ,curr5cy def9$ ,9
 ?is section1 ! t]m c5tral bank digital 
curr5cy means a =m ( digital money or   
monet>y value1 d5om9at$ 9 ! national    
unit ( acc\nt1 t is a direct liability (
 ! c5tral bank4  4  #f4 ,protection =   
op51 p]missionless1 & private curr5cy   
,?is ,act & ! am5dm5ts made by ?is ,act 
%all n apply to any doll>-d5om9at$      
curr5cy t is op51 p]missionless1 &      
private1 & fully pres]ves ! privacy     
protections ( ,unit$ ,/ates co9s &      
physical curr5cy4  #g4 ,s5se ( ,congress
 ,x is ! s5se ( ,congress t ! ,bo>d (   
,gov]nors ( ! ,f$]al ,res]ve ,sy/em %\ld
 n be p]mitt$ to develop1 create1 or    
implem5t a c5tral bank digital curr5cy1 
or use any su* tool to implem5t monet>y 
policy4  #h4 ,prohibition on c5tral bank
 digital curr5cy te/+ ,section #af;,a ( 
! ,f$]al ,res]ve ,act1 z add$ by section
 #e1 is am5d$ by add+ at ! end ! foll[+3

  7,c7 ,prohibition on c5tral bank      
digital curr5cy te/+ ,unless au?oriz$ by
 an ,act ( ,congress enact$ aft] ! date 
( ! enactm5t ( ?is ,act1 ! ,bo>d (      
,gov]nors ( ! ,f$]al ,res]ve ,sy/em & ! 
,f$]al res]ve banks may n e/abli%1 c>ry 
out1 or approve a program int5d$ to te/ 
! practicability ( issu+ a c5tral bank  
digital curr5cy1 includ+ by p>tn]+ or   
coord9at+ ) a private sector entity to  
c>ry out su* a program4  4  ,pass$ !    
,h\se ( ,repres5tatives ,may #bc1       
#bjbd4;,cl]k4