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H.R. 1430

U.S. House•In House Committee

Summary

H.R. 1430, the No CBDC Act, was introduced in the House on Feb 18, 2025 by Rep. Andrew Ogles (R). It was referred to Financial Services, and last saw action on Feb 18, 2025: Referred to the House Committee on Financial Services.

Record

Text

H.R. 1430 has no co-sponsors and has not gone to a roll call.

hb1430/introduced-in-house.txt
119 HR 1430 IH: No Central Bank Digital Currency Act
 U.S. House of Representatives
 2025-02-18
 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.
 I  119th CONGRESS  1st Session  H. R. 1430  IN THE HOUSE OF REPRESENTATIVES   February 18, 2025   Mr. Ogles  introduced the following bill; which was referred to the  Committee on Financial Services    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. Introduced2025-02-18
  2. Passed House
  3. Passed Senate
  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 House Feb 18, 2025

hb1430/introduced-in-house.md

Shown Here:
Introduced in House (02/18/2025)

Sponsors

Rep. Andrew Ogles (R) sponsors H.R. 1430 alone.

Andrew Ogles

Rep. · R–TN-5 · Sponsor

Committees

H.R. 1430 went before 1 committee: Financial Services.

Financial Services
Financial Services
Referred To · Feb 18, 2025 · 559 Bills

Actions

H.R. 1430 has taken 2 actions since Feb 18, 2025.

ChamberAction
Feb 18, 2025
House
Introduced in House
Feb 18, 2025
House
Referred to the House Committee on Financial Services.Financial Services Committee

Votes

H.R. 1430 has not gone to a roll call.

3 bills are related to H.R. 1430.

Titles

H.R. 1430 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
  • To amend the Federal Reserve Act to limit the ability of Federal Reserve banks to issue central bank digital currency. — Official Title as Introduced

Classification

The Congressional Research Service files H.R. 1430 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 1430’s is Finance and Financial Sector.

hr1430/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