House GOP unveils housing act amendment maintaining CBDC ban

U.S. House Republican leadership has released an amendment to the 'ROAD to Housing Act,' which previously passed the Senate, Punchbowl reporter Brendan Pedersen reported on X. The amendment maintains a provision banning the Federal Reserve (Fed) from issuing a central bank digital currency (CBDC) until the end of 2030, with an exception for open, permissionless, and privacy-preserving dollar-denominated currencies. It also includes a rule of construction clarifying that the Fed cannot issue a CBDC without separate congressional approval. The Senate passed the bill in March with a vote of 89-10. However, its passage has been delayed in the House due to opposition from conservatives over several points, including the 2030 expiration date for the CBDC ban and a requirement for large institutional investors to sell single-family homes they have purchased within seven years.