On the recordMay 23, 2024
Like the underlying bill, this amendment closes off opportunities for innovation and harming our influence around the world before we have even had a chance to fully study, test, and understand CBDCs. This bill and amendment represent the wing of the Republican Party that is anti-science and, ironically, scared of the innovation they claim to like. Again, this amendment does not prohibit the issuance of a CBDC; it is prohibiting the research on how CBDCs work. I can't stress how irresponsible it is for Congress to be passing blanket prohibitions on research based on unwarranted views. I can understand fears about potential outcomes, but I cannot understand fear of research. Mr. Chair, I urge my colleagues to vote ``no'' on this amendment and H.R. 5403, and I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from West Virginia (Mr. Mooney). The question was taken; and the Acting Chair announced that the ayes appeared to have it.
