,,ii  #aah? ,,congress  #b;d ,session   
,s4 #chja  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #bf1 #bjbd,mr4
 ,cruz 7= himself1 ,mr4 ,hag]ty1 ,mr4   
,scott ( ,florida1 ,mr4 ,braun1 ,mr4    
,budd1 & ,mr4 ,cram]7 introduc$ ! foll[+
 bill2 :i* 0 read twice & ref]r$ to !   
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,a ,,bill  ,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 7#ab ,u4,s4,c4 #daa et seq47 is    
am5d$ by add+ at ! end ! foll[+3  ,no   
,f$]al ,res]ve bank %all (f] products or
 s]vices directly to an individual1     

ma9ta9 an acc\nt on behalf ( an         
individual1 or issue a c5tral bank      
digital curr5cy1 or any digital asset t 
is sub/antially simil>1 "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 
,act 7#ab ,u4,s4,c4 #daa et seq471 z    
am5d$ by section #b ( ?is ,act1 is fur!r
 am5d$ by add+ at ! end ! foll[+3  ,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 ,! prec$+ s5t5ce is n 
to be con/ru$ 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 ,act    

7#ab ,u4,s4,c4 #bda et seq47 is am5d$ by
 ins]t+ be=e ! twelf? undesignat$       
p>agraph ! foll[+3  ,! ,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$]al ,res]ve ,sy/em may
 n1 abs5t ,congressional au?orization1  
issue a c5tral bank digital curr5cy4    
7b7 ,c5tral bank digital curr5cy def9$  
,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$]al ,res]ve ,sy/em4  4 
7b7 ,treasury  7#a7 ,9 g5]al ,*apt] #c (
 title #ca ( ! ,unit$ ,/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$]al ,res]ve ,sy/em to issue a   
c5tral bank digital curr5cy4  7b7       
,c5tral ,bank ,digital ,curr5cy def9$ ,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  7#b7 ,cl]ical       
am5dm5t ,! table ( sections = *apt] #c (
 title #ca1 ,unit$ ,/ates ,code1 is     
am5d$ by ins]t+ aft] ! item relat+ to   
section #caf ! foll[+3  #cag4 ,c5tral   
bank digital curr5cy4  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