The Senate for the first time added a ban on central bank digital currency when it approved an earlier version of the bill in March 2026. The wording states that the Federal Reserve shall not issue or create a central bank digital currency, or any digital asset that is substantially similar to it.

A group of leaders from the House and Senate from both parties reached an agreement last week to move forward with the bill. House Financial Services Committee Chairman French Hill said the bill is making progress toward building more homes and reducing costs for American families.
Republicans in the House pressed to include provisions against central bank digital currencies in the housing bill. Including this clause in a bill that must be passed is a common legislative strategy, even though housing policies and digital currencies are separate topics.
The ban includes an exception for stablecoins, which are defined in the bill as a dollar-pegged, open-source digital currency that does not require approval and maintains privacy. Even after the ban ends in 2030, the Federal Reserve cannot take any action regarding a central bank digital currency without explicit approval from Congress.