Motion to reconsider laid on the table Agreed to without objection.
Source-heavy congressional process material lives here so the main bill summary can stay focused. Use this tab for committee scheduling, hearings, CRS analysis, committee publications, and amendment text.
Nonpartisan Congressional Research Service analysis linked directly to this bill.
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Policymakers have debated whether the Federal Reserve (Fed) should create a central bank digital currency (CBDC)—a “digital dollar.” A CBDC would share some of the technical features of cryptocurrencies (crypto)—that is, private digital currencies, such as Bitcoin, which are unsupported by any government authority. Th…
The responsibilities of the Federal Reserve (Fed) fall into four main categories: monetary policy, regulation of certain banks and other financial firms, provision and oversight of certain interbank payment systems, and lender of last resort. This report summarizes issues for Congress in each of these areas, as well a…
Structure of the Federal Reserve The Federal Reserve Act of 1913 created the Federal Reserve (Fed) as the nation’s central bank. The Fed is composed of 12 regional Federal Reserve banks overseen by a Board of Governors in Washington, DC. Figure 1 illustrates the city in which each bank is headquartered and the area of…
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Latest action: On agreeing to the Rules amendment (A001) Agreed to without objection.