US Senate passes housing bill with four-year ban on Fed CBDC

Key facts

• The U.S. Senate passed a bipartisan housing bill.
• The bill includes a four-year ban on the Federal Reserve issuing a central bank digital currency (CBDC).
• The legislation aims to increase housing supply and reduce prices.
• Corporate investors are banned from purchasing single-family homes.
• The bill now moves to the House of Representatives for consideration.

The U.S. Senate has passed a bipartisan housing bill, the 21st Century ROAD to Housing Act, with an overwhelming majority, including a provision that bans the Federal Reserve from issuing a central bank digital currency (CBDC) for four years. The legislation, which passed 85-5, aims to address the nation's housing crisis by reducing federal regulations, expanding local control, and increasing housing supply to lower prices.