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 should not develop, create, or implement a central bank digital currency (CBDC) or use it for monetary policy. The bill cites concerns that CBDCs could lead to dystopian state surveillance, increased government control over payments, financial censorship, and the undermining of free speech and financial independence, drawing comparisons to China's digital yuan and Canada's response to protests.