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Code · BILL · 117th Congress · S. 3954 (Introduced in Senate) — To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services dir... · Sec. 1

Sec. 1. Prohibition on Federal reserve banks relating to certain products or services for individuals

56 words·~1 min read·/bill/117/s/3954/is/section-1

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Section 13 of the Federal Reserve Act is amended by adding after the 14th undesignated paragraph ( 12 U.S.C. 347d ) the following: No Federal reserve bank may offer products or services directly to an individual, maintain an account on behalf of an individual, or issue a central bank digital currency directly to an individual. .
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Sec. 1
Prohibition on Federal reserve banks relating to certain products or services for individuals
U.S.C.§ 347d
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