To permanently prohibit the Board of Governors of the Federal Reserve System or a Federal reserve bank from issuing or creating a central bank digital currency, and for other purposes.

HR10017 was introduced in the House on August 3, 2026, and referred to the House Committee on Financial Services. It currently has 30 Republican cosponsors. The bill would prohibit the Board of Governors of the Federal Reserve System and any Federal Reserve bank from issuing or creating a central bank digital currency (CBDC). No funding is authorized or appropriated. The legislative path is at the earliest stage: committee consideration, then potential floor vote, Senate passage, and presidential action. Given the partisan sponsorship and early stage, passage probability is low in the current Congress. The prohibition of a Fed-issued CBDC would remove a potential long-term competitive threat to the deposit base and payment systems of traditional banks, but the mechanism is indirect and speculative. No specific company is directly named or affected in the bill text. The bill's impact on financial markets is minimal at this stage, as it is a procedural, pre-committee marker with no binding effect. For retail investors, this bill represents a low-probability, long-tail event that does not warrant portfolio adjustments.