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To permanently prohibit the Board of Governors of the Federal Reserve System or a Federal reserve bank from issuing or creating a central bank digital currency, and for other purposes.
Summary
- Permanently prohibits the Board of Governors of the Federal Reserve System and all Federal Reserve banks from issuing or creating a central bank digital currency.
- Amends the Federal Reserve Act to codify this prohibition into law.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
30 cosponsors
- Rep. Bacon, Don [R-NE-2] (R-NE)
- Rep. Biggs, Sheri [R-SC-3] (R-SC)
- Rep. Boebert, Lauren [R-CO-4] (R-CO)
- Rep. Burlison, Eric [R-MO-7] (R-MO)
- Rep. Carter, Earl L. "Buddy" [R-GA-1] (R-GA)
- Rep. Cline, Ben [R-VA-6] (R-VA)
- Rep. Clyde, Andrew S. [R-GA-9] (R-GA)
- Rep. Crane, Elijah [R-AZ-2] (R-AZ)
- Rep. Davidson, Warren [R-OH-8] (R-OH)
- Rep. Donalds, Byron [R-FL-19] (R-FL)
- Rep. Gosar, Paul A. [R-AZ-9] (R-AZ)
- Rep. Hageman, Harriet M. [R-WY-At Large] (R-WY)
- Rep. Harrigan, Pat [R-NC-10] (R-NC)
- Rep. Harshbarger, Diana [R-TN-1] (R-TN)
- Rep. Higgins, Clay [R-LA-3] (R-LA)
- Rep. Mace, Nancy [R-SC-1] (R-SC)
- Rep. McCormick, Richard [R-GA-7] (R-GA)
- Rep. McDowell, Addison P. [R-NC-6] (R-NC)
- Rep. Messmer, Mark B. [R-IN-8] (R-IN)
- Rep. Moore, Barry [R-AL-1] (R-AL)
- Rep. Moore, Riley M. [R-WV-2] (R-WV)
- Rep. Ogles, Andrew [R-TN-5] (R-TN)
- Rep. Perry, Scott [R-PA-10] (R-PA)
- Rep. Roy, Chip [R-TX-21] (R-TX)
- Rep. Self, Keith [R-TX-3] (R-TX)
- Rep. Steube, W. Gregory [R-FL-17] (R-FL)
- Rep. Stutzman, Marlin A. [R-IN-3] (R-IN)
- Rep. Taylor, David J. [R-OH-2] (R-OH)
- Rep. Van Epps, Matt [R-TN-7] (R-TN)
- Rep. Van Orden, Derrick [R-WI-3] (R-WI)
Money behind the sponsor
Top reported contributors to Michael Cloud’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $165,527
- SAULSBURY INDUSTRIES $9,900
- ULINE $6,600
- MAGIC INDUSTRIES INC $6,600
- REPCON INC. $6,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Michael Cloud → · Outside spending →
Actions (2)
- Aug 3, 2026 Referred to the House Committee on Financial Services. · house
- Aug 3, 2026 Introduced in House
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
August 3, 2026
Mr. Cloud (for himself, Mr. Donalds, Mr. Messmer, Mr. Roy, Mr. Carter of Georgia, Mr. Moore of Alabama, Mr. Perry, Mr. Clyde, Mr. McCormick, Mr. Steube, Mr. Self, Ms. Mace, Mr. Ogles, Mr. Harrigan, Mr. Van Epps, Mrs. Biggs of South Carolina, Ms. Boebert, Mr. Moore of West Virginia, Mr. Van Orden, Mr. Cline, Mr. Davidson, Mr. Crane, Mr. Taylor, Mr. Bacon, Mr. McDowell, Mr. Stutzman, Ms. Hageman, Mr. Gosar, Mr. Burlison, Mr. Higgins of Louisiana, and Mrs. Harshbarger) introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To permanently prohibit the Board of Governors of the Federal Reserve System or a Federal reserve bank from issuing or creating a central bank digital currency, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Permanent CBDC Ban Act”.
SEC. 2. PERMANENT PROHIBITION.
Section 16A of the Federal Reserve Act is amended by striking subsection (d) and redesignating subsection (e) as subsection (d). <all>
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