Political Quotes

“I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Add at the end the following: SEC. 7. PROHIBITION ON CENTRAL BANK DIGITAL CURRENCY TESTING. Section 16A of the Federal Reserve Act, as added by section 5, is amended by adding at the end the following: ``(C) Prohibition on Central Bank Digital Currency Testing.--Unless authorized by an Act of Congress enacted after the date of the enactment of this Act, the Board of Governors of the Federal Reserve System and the Federal reserve banks may not establish, carry out, or approve a program intended to test the practicability of issuing a central bank digital currency, including by partnering or coordinating with a private sector entity to carry out such a program.''. The Acting CHAIR. Pursuant to House Resolution 1243, the gentleman from West Virginia (Mr. Mooney) and a Member opposed each will control 5 minutes. The Chair recognizes the gentleman from West Virginia.”