,,ii  #aaith ,,congress  #ast ,session  
,s4 #dfd  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #f        
7legislative day1 ,february #e71        
#bjbe,mr4 ,lee 7for himself1 ,mr4 ,cruz1
 and ,mr4 ,scott of ,florida7 introduced
 the following bill2 which was read     
twice and referred to the ,committee on 
,banking1 ,housing1 and ,urban ,affairs 
,a ,,bill  ,to amend the ,federal       
,reserve ,act to limit the ability of   
,federal ,reserve banks to issue central
 bank digital currency4  #a4 ,short     
title ,this ,act may be cited as the ,no
 ,central ,bank ,digital ,currency ,act 
or the ,no ,,cbdc ,act4  #b4 ,central   
bank digital currency ,section #ac of   
the ,federal ,reserve ,act is amended by
 adding after the #adth undesignated    
paragraph 7#ab ,u4,s4,c4 #cdg;d7 the    
following3  ,no ,federal reserve bank1  
the ,board1 the ,secretary of the       
,treasury1 any other agency1 or any     
entity directed to act on behalf of the 
,federal reserve bank1 the ,board1 the  

,secretary1 or other agency1 may mint or
 issue a central bank digital currency  
directly to an individual 7including    
central bank digital currency issued to 
an individual through a custodial       
intermediary7 or a digital currency     
intermediary1 offer related products or 
services directly to an individual1 or  
maintain an account on behalf of an     
individual 7including an account in a   
specially designated account at a       
digital currency intermediary or        
supervised commercial bank74 ,no        
,federal reserve bank may hold digital  
currencies minted or issued by the      
,united ,states ,government as assets or
 liabilities on a balance sheet of the  
bank or use such digital currencies as  
part of fulfilling the requirements     
under section #b;,a4  4