US Housing Bill Includes Temporary CBDC Ban Until 2030
The leaders of the Senate Banking and House Financial Services committees released updated text for the 21st Century ROAD to Housing Act on Tuesday, which includes a ban on the Federal Reserve issuing a central bank digital currency (CBDC) until December 31, 2030. The bill, H.R. 6644, aims to boost housing supply, lower costs, and limit institutional investors in the single-family market. The CBDC ban was pushed by House Republicans, with support from the Trump White House, amid concerns over financial surveillance. The compromise also includes a three-year sunset for a disaster-recovery block grant program and House priorities such as nine community banking bills and restrictions on institutional homebuyers. The text returns to the Senate floor after passing the Senate 89-10 in March and the House 396-13 in May. Some House conservatives, including Rep. Anna Paulina Luna, seek a permanent ban, arguing that CBDCs are harmful.
Key facts
- H.R. 6644 includes CBDC ban until Dec 31, 2030
- Bill aims to boost housing supply and limit institutional buyers
- Compromise features 3-year sunset for disaster block grant
- Senate passed 89-10, House 396-13
- Some House conservatives seek permanent CBDC ban