House, Senate Strike Deal on Housing Bill With CBDC Ban Through 2030

The leaders of the House of Representatives banking and financial services committees updated text released Tuesday due to sweeping housing legislation that also brings a temporary ban on the U.S. central bank’s digital currency.

The package, H.R. 6644aims to increase supply, reduce costs and prevent institutional investors from crowding families out of the single-family market. Hidden in the account is language stating that the Fed “may not issue or create a central bank digital currency” or any substantially similar asset through December 31, 2030 – with an exception for open, permissionless private dollar assets such as stable coins that preserve “the privacy protections of U.S. coins and physical currency.”

Senate Bench Chairman Tim Scott (R-SC), Ranking Member Elizabeth Warren (D-MA), House Financial Services Chair French Hill (R-AR) and Ranking Member Maxine Waters (D-CA) said the 21st Century ROAD to Housing Act reflects years of bipartisan, bicameral work and bends in Senate, House and White House priorities. Scott said it was time to “provide real relief to the American people,” while Warren called it the biggest housing bill in more than 30 years.

To finalize the deal after months of negotiations, the Senate accepted a three-year end to a disaster recovery grant program and passed House measures, including nine bills for community banks and language restrictions for institutional homebuyers. said. “I look forward to President Trump signing it into law,” he added. Waters said the text includes more than 50 housing and banking provisions that Democrats have fought for.

The anti-CBDC provision was added at the insistence of Republicans in the House of Representatives, and the Trump White House has supported it, most recently with Treasury Secretary Scott Bessent repetitive that a digital dollar is off the table.

CBDCs — government-issued digital cash equivalents — have become a partisan flashpoint, with critics warning they could enable financial surveillance. Some conservatives in the House of Representatives, including Representative Anna Paulina Luna (R-FL), wants a permanent banarguing that “CBDCs are bad for everyone.”

The Senate first passed the CBDC ban in March, approving the package 89-10; the House deleted the modified version 396-13 in May. The updated text now heads back to the Senate floor.