Legislation advances banning the Federal Reserve from creating a digital dollar through December 31, 2030, amid bipartisan housing reforms.
House and Senate negotiators agreed on a housing bill that includes a provision prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) until December 31, 2030. The measure, part of H.R. 6644, also exempts private stablecoins from the ban if they maintain U.S. currency privacy protections.
The bill aims to address housing supply and affordability while curbing institutional investor dominance in single-family markets. It incorporates a three-year sunset for disaster-recovery grants and nine community banking measures, reflecting bipartisan priorities.
Some House conservatives continue to push for a permanent CBDC ban, but the current text is expected to reach the Senate floor for a vote. The legislation marks a rare bipartisan effort on both housing and monetary policy.