US House and Senate leaders have agreed on the 21st Century Road to Housing Act, reviving a ban preventing the Federal Reserve from issuing a central bank digital currency until 2030.
The bicameral deal includes a provision barring the Fed from working on a CBDC until late 2030. This revives an earlier restriction on the central bank developing a digital dollar.
The agreement covers key housing legislation amid ongoing congressional negotiations. Lawmakers from both chambers confirmed the compromise on the bill.
The ban applies specifically to Federal Reserve efforts on a CBDC through the end of the decade.
