US Senate Housing Bill Bars Federal Reserve Retail CBDC Until December 31, 2030

The US Senate approved a housing bill that prohibits the Federal Reserve from issuing or facilitating a retail central bank digital currency, including "substantially similar" digital assets, until December 31, 2030, reports citing the 21st Century ROAD to Housing Act show. The CBDC language, requested by House Republicans and inserted shortly before the vote, passed as part of the broader package by an 84–6 margin. The bill's provision formalizes the Fed's existing stance that it would not launch a CBDC without congressional authorization and aims to prevent indirect workarounds via alternative digital instruments, while the White House has signaled support and the president is expected to sign the legislation.