House and Senate Strike Deal on Housing Bill That Bans Fed CBDC Through 2030

Bicameral negotiators released updated text for the 21st Century ROAD to Housing Act, which bars the Federal Reserve from issuing a central bank digital currency through December 31, 2030. The bill now heads back to the Senate floor.

• The housing bill includes language barring the Fed from issuing a CBDC through December 31, 2030
• The provision carves out private dollar assets like stablecoins that preserve privacy protections
• Senate Banking Chair Tim Scott and House Financial Services Chair French Hill backed the compromise
• Some House conservatives want a permanent CBDC ban, arguing digital dollars could enable financial surveillance
• The bill previously passed the Senate 89-10 and the House 396-13 in earlier versions

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