U.S. House Passes 3-Year FISA Extension with CBDC Ban
The U.S. House of Representatives approved a three-year extension of FISA, including a provision banning central bank digital currency, by a vote of 235 to 191. The bill now moves to the Senate. Majority Leader Thune stated that the CBDC ban is unlikely to survive in the Senate.
Office of Mike Rogers, United States Congress / Wikimedia (Public domain)The U.S. House of Representatives passed a bill extending FISA for three years, incorporating a ban on central bank digital currency. The vote was 235 in favor and 191 against, according to reports.
The extension builds on prior FISA provisions, with the added restriction on central bank digital currency included in the legislation. This measure aims to prevent the development or issuance of such a currency by central authorities.
The bill has been sent to the Senate for consideration. Majority Leader Thune stated that the ban on central bank digital currency is effectively not viable upon arrival in the Senate. No further details on Senate proceedings were provided in the report.
Key Facts
Potential Impact
- 01
FISA provisions could continue for three more years if the bill is approved.
- 02
The Senate may amend the bill to remove the CBDC ban before passage.
- 03
Central bank digital currency development in the U.S. might proceed without restriction if the ban is dropped.
- 04
Further congressional debates on digital currency regulations could arise from this legislation.
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