Senate advances housing bill as bipartisan deal adds Fed CBDC ban through 2030

Updated text of the ROAD to Housing Act for the 21st Century released on June 16 by Tim Scott, Elizabeth Warren, French Hill and Maxine Waters includes language that would bar the Federal Reserve from issuing a central bank digital currency until the end of 2030. The measure remains part of a broader housing package rather than enacted law, and after a Senate procedural vote it could move to a House vote after June 23. The provision keeps the U.S. digital dollar debate in focus because a multi-year statutory pause on a Federal Reserve CBDC would leave more room for stablecoins, private payment networks and bank-led settlement efforts to develop without competition from a U.S. retail digital dollar. It also underscores Congress's role in setting limits on whether and how any digital dollar could proceed. CBDCs remain a flashpoint in U.S. policy, with supporters arguing they could modernize payments and critics warning about financial surveillance, bank disintermediation and government control over transactions. Because the restriction is attached to a wider legislative package, its fate still depends on the bill process and whether the language survives upcoming votes intact.