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S. 464

U.S. Senate•In Senate Committee

Summary

S. 464, the No CBDC Act, was introduced in the Senate on Feb 6, 2025 by Sen. Mike Lee (R) with 2 co-sponsors. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Feb 6, 2025: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

S. 464 has 2 co-sponsors.

sb464/introduced-in-senate.txt
119 S464 IS: No Central Bank Digital Currency Act
 U.S. Senate
 2025-02-06
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 464  IN THE SENATE OF THE UNITED STATES   February 6 (legislative day, February 5), 2025   Mr. Lee  (for himself,  Mr. Cruz , and  Mr. Scott of Florida ) introduced the following bill; which was read twice and referred to the  Committee on Banking, Housing, and Urban Affairs    A BILL
To amend the Federal Reserve Act to limit the ability of Federal Reserve banks to issue central bank digital currency.
1.
Short title
This Act may be cited as the   No Central Bank Digital Currency Act   or the   No CBDC Act  .
2.
Central bank digital currency
Section 13 of the Federal Reserve Act is amended by adding after the 14th undesignated paragraph ( 12 U.S.C. 347d ) the following:
No Federal reserve bank, the Board, the Secretary of the Treasury, any other agency, or any entity directed to act on behalf of the Federal reserve bank, the Board, the Secretary, or other agency, may mint or issue a central bank digital currency directly to an individual (including central bank digital currency issued to an individual through a custodial intermediary) or a digital currency intermediary, offer related products or services directly to an individual, or maintain an account on behalf of an individual (including an account in a specially designated account at a digital currency intermediary or supervised commercial bank). 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 2A.
 .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-02-06
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Introduced in Senate Feb 6, 2025

sb464/introduced-in-senate.md

Shown Here:
Introduced in Senate (02/06/2025)

Sponsors

Sen. Mike Lee (R) sponsors S. 464, and 2 members have co-sponsored it, all of them from the day it was introduced.

Committees

S. 464 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Referred To · Feb 6, 2025 · 465 Bills

Actions

S. 464 has taken 2 actions since Feb 6, 2025.

ChamberAction
Feb 6, 2025
Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Banking, Housing, and Urban Affairs Committee
Feb 6, 2025
—
Introduced in Senate

Votes

S. 464 has not gone to a roll call.

3 bills are related to S. 464.

Titles

S. 464 goes by 4 titles, 2 of them short titles.

  • No CBDC Act — Display Title
  • No CBDC Act — Short Title(s) as Introduced
  • No Central Bank Digital Currency Act — Short Title(s) as Introduced
  • A bill to amend the Federal Reserve Act to limit the ability of Federal Reserve banks to issue central bank digital currency. — Official Title as Introduced

Lobbying

2 clients hired 3 firms and 14 registered lobbyists who named S. 464 in 15 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Budget/Appropriations, Taxation/Internal Revenue Code, Tobacco, Trade (domestic/foreign), Agriculture, Government Issues, Alcohol and Drug Abuse, Health Issues.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
RAI SERVICES COMPANYTobacco ProductsNorth Carolina211$340K
ALKERMES, INC.—Massachusetts14—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
RAI SERVICES COMPANY16—
CGCN GROUP, LLC15$340K
ALKERMES, INC.14—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
CARA MOON116
HEATHER ENDRES116
SHASHRINA THOMAS116
JILL HAMAKER115
JOHN STIPICEVIC115
RICHARD HASELWOOD115
SAM GEDULDIG115
SCOTT RIPLINGER115
PETER NORMAN114
WILLIAM HIBBS114
ZACHARY MARSHALL114
JAY CRANFORD113
MARY BARWICK111
SARAH GILBERT111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
RAI SERVICES COMPANYRAI SERVICES COMPANY2026 second_quarter$2M2nd Quarter - Report
RAI SERVICES COMPANYRAI SERVICES COMPANY2025 first_quarter$1.9M1st Quarter - Report
RAI SERVICES COMPANYRAI SERVICES COMPANY2025 fourth_quarter$1.9M4th Quarter - Report
RAI SERVICES COMPANYRAI SERVICES COMPANY2026 first_quarter$1.9M1st Quarter - Report
RAI SERVICES COMPANYRAI SERVICES COMPANY2025 second_quarter$1.9M2nd Quarter - Report
RAI SERVICES COMPANYRAI SERVICES COMPANY2025 third_quarter$1.7M3rd Quarter - Report
ALKERMES, INC.ALKERMES, INC.2025 first_quarter$1.4M1st Quarter - Report
ALKERMES, INC.ALKERMES, INC.2025 fourth_quarter$870K4th Quarter - Report
ALKERMES, INC.ALKERMES, INC.2025 third_quarter$840K3rd Quarter - Report
ALKERMES, INC.ALKERMES, INC.2025 second_quarter$830K2nd Quarter - Report
RAI SERVICES COMPANYCGCN GROUP, LLC2026 second_quarter$80K2nd Quarter - Report
RAI SERVICES COMPANYCGCN GROUP, LLC2026 first_quarter$80K1st Quarter - Report
RAI SERVICES COMPANYCGCN GROUP, LLC2025 fourth_quarter$60K4th Quarter - Report
RAI SERVICES COMPANYCGCN GROUP, LLC2025 third_quarter$60K3rd Quarter - Report
RAI SERVICES COMPANYCGCN GROUP, LLC2025 second_quarter$60K2nd Quarter - Report

Classification

The Congressional Research Service files S. 464 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 464’s is Finance and Financial Sector.

s464/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com