Expressing the sense of the House of Representatives that the Board of Governors of the Federal Reserve System and the Federal Open Market Committee should not be permitted to develop, create, or implement a central bank digital currency, or use any such tool to implement monetary policy.

This resolution expresses the sense of the House of Representatives that the Federal Reserve System and the Federal Open Market Committee should not be permitted to develop, create, or implement a central bank digital currency (CBDC). It contends that CBDCs, exemplified by China's digital yuan, are tools for state control, surveillance, and financial censorship, which could compromise free speech, undermine financial independence, and stifle innovation within the financial sector.