Permanent CBDC Ban Act

This bill, titled the Permanent CBDC Ban Act, aims to permanently prohibit the Federal Reserve from issuing a central bank digital currency. It achieves this by amending the Federal Reserve Act to remove the specific legal authority that allows the Reserve to create such a digital currency. The legislation directly affects the Federal Reserve by stripping away its power to launch a digital version of the dollar. By deleting the relevant subsection of the law, the bill ensures that the Reserve cannot issue a CBDC in the future.