No Digital Dollar Act
Summary
No Digital Dollar Act This bill prohibits the use of a central bank digital currency as legal tender. Further, if a central bank digital currency is issued, (1) the Federal Reserve Board must continue issuing Federal Reserve notes, and (1) the Department of the Treasury must continue minting and issuing coins.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2022
Committee Review
Floor Vote
President
Introduced Sep 28, 2022
Last action Sep 28, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 28, 2022
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Sep 28, 2022
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
James Lankford
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about S 4994
Scope: US
Hi! I can help you understand S 4994. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline