Congress Advances Housing Bill With CBDC Ban Until 2030

TLDR

• Congress advances housing bill with CBDC ban until 2030

• Fed faces CBDC restriction under updated housing bill

  

• Housing reforms move ahead with digital dollar ban attached

• Lawmakers link home affordability push to CBDC limits

• Stablecoins gain room as Congress blocks Fed CBDC plan

Congress moved a broad housing bill forward after lawmakers added a CBDC ban through December 31, 2030. The measure links housing affordability reforms with a major digital dollar restriction. It now returns to the Senate for another procedural step.

Housing Bill Carries Digital Dollar Ban

Senate Banking and House Financial Services leaders released updated text for H.R. 6644 on Tuesday. The bill carries the 21st Century ROAD to Housing Act framework. It aims to expand housing supply and reduce costs for American households.

The package also targets large institutional buyers in the single-family housing market. Lawmakers argue that these buyers reduce access for families seeking homes. The bill combines housing supply reforms with market access protections.

The updated text includes a CBDC restriction requested by House Republicans. It says the Federal Reserve may not issue or create a CBDC. The restriction also covers any digital asset that works in a substantially similar way.

Congress Sets CBDC Deadline For 2030

The CBDC ban would remain in force until December 31, 2030. However, the language protects open and permissionless private dollar assets. That carveout mainly supports stablecoins and similar private payment tools.

The provision marks a major crypto-related addition to a housing bill. It also shows how Congress can attach financial policy riders to broader legislation. As a result, the CBDC debate now moves through housing legislation.

Supporters of the ban argue that a CBDC could raise privacy concerns. They warn that government-issued digital money could expand financial monitoring. However, the bill still permits private dollar assets with cash-like privacy protections.

Bipartisan Deal Moves Toward Final Votes

Senator Tim Scott, Senator Elizabeth Warren, Representative French Hill, and Representative Maxine Waters backed the updated text. Their agreement followed months of talks between both chambers. The bill now reflects Senate, House, and White House priorities.

The Senate accepted a three-year sunset for a disaster-recovery block grant program. It also adopted House-backed community banking measures. Additionally, the package includes language aimed at limiting large institutional homebuyers.

The Senate passed an earlier version of the package in March by an 89-10 vote. The House later cleared its amended version in May by 396-13. The updated bill now heads back to the Senate floor.

The CBDC clause gives the legislation a wider financial policy angle. It also aligns with the Trump administration’s opposition to a digital dollar. Treasury officials have already signaled that a U.S. CBDC remains off the table.

The bill gives stablecoin issuers more policy clarity over the next several years. Without a Fed-issued CBDC, private dollar tokens face less direct government competition. Still, Congress could revisit the issue before the 2030 deadline.

The wider housing package remains the central focus of the legislation. Lawmakers framed it as a major effort to cut red tape and expand homeownership. Yet the CBDC ban has turned the bill into a key digital finance measure.

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