S. 887 · 118th Congress · Senate

A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes.

Active· Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced
Mar 21, 23
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

This bill prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency directly to an individual.

Action Timeline

2
  1. MAR 21, 2023•IntroReferral

    Introduced in Senate

  2. MAR 21, 2023•IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committees

1

Banking, Housing, and Urban Affairs Committee

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Referred: Mar 21, 2023

Active