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House Passes Fed CBDC Ban in Section 702 Renewal Bill

4/30/2026

46 10 Full Breakdown

Summary

Story summary

The House attached a bill barring the Federal Reserve (Fed) from creating a currency to Section 702 renewal, passing it 235-191 and adding reforms to expand review and require supervisor approval for FBI searches.
Rep. Virginia Foxx said changes convinced her the program is fixed after President Donald Trump took office.
Senate Majority Leader John Thune warned the bill would die if CBDC provision stays, prompting House plans to strip it.

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Story summary

The House attached a bill barring the Federal Reserve (Fed) from creating a currency to Section 702 renewal, passing it 235-191 and adding reforms to expand review and require supervisor approval for FBI searches.
Rep. Virginia Foxx said changes convinced her the program is fixed after President Donald Trump took office.
Senate Majority Leader John Thune warned the bill would die if CBDC provision stays, prompting House plans to strip it.