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H.R. 10017: Permanent CBDC Ban Act

This bill would permanently stop the Federal Reserve Board and the Federal Reserve banks from issuing or creating a central bank digital currency (often called a CBDC). In plain terms, it would bar the U.S. central bank from making a government-issued digital dollar for public use.

What the bill changes

It adds a permanent ban on the Federal Reserve creating or issuing a CBDC.
It does this by changing existing Federal Reserve Act language: it removes a subsection that appears to allow or address such activity and renumbers the remaining text.

What a CBDC is

A CBDC is a digital form of money issued directly by a country’s central bank. In the U.S. context, that would mean a digital version of the dollar issued by the Federal Reserve rather than by a private bank or payment company.

What this would mean in practice

The Federal Reserve could not launch a digital dollar program under the authority covered by this bill.
The bill does not create a new digital currency or payment system.
It does not directly change the status of existing cash, bank deposits, debit cards, or private cryptocurrencies.

Scope

The bill is narrow. Its main effect is to make a CBDC ban permanent, rather than temporary or subject to later reversal under the same section of law.