Sec. 2. Central bank digital currency

103 words·~1 min read·/bill/117/s/4994/is/section-2

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Section 16 of the Federal Reserve Act is amended by adding after the 17th undesignated paragraph ( 12 U.S.C. 467 ) the following: The Board of Governors may not discontinue issuing Federal Reserve notes if a central bank digital currency is issued. . Section 5112 of title 31, United States Code, is amended by adding at the end the following: The Secretary of the Treasury may not discontinue minting and issuing coins under this section if a central bank digital currency is issued. . No central bank digital currency shall be considered legal tender under section 5103 of title 31, United States Code.

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U.S. Code

Deposits of gold coin, gold certificates, and Special Drawing Right certificates with United States Treasurer
§ 467

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Sec. 2

Central bank digital currency

U.S.C.§ 467

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