The US House is preparing to advance its annual National Defense Authorization Act (NDAA), which outlines military spending and policy for the coming year.
However, a debate has emerged over whether the bill should include language to prevent a central bank digital currency (CBDC).
On December 7, House Republicans released the 3,000-page bill without the CBDC restriction that Speaker Mike Johnson reportedly agreed to include.
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On December 9, Rep. Keith Self of Texas submitted an amendment to restore the missing language. His proposal, called the “Anti-CBDC Surveillance State” amendment, would stop the Federal Reserve from creating, testing, or operating a digital version of the US dollar.
Self stated in a post on X, “Conservatives were promised that language banning a Central Bank Digital Currency (CBDC) would be included in the must-pass National Defense Authorization Act (NDAA)”.
According to Politico, House Republican leaders are aiming to pass the defense package by December 10. The NDAA is considered a must-pass measure that funds the Department of Defense each year.
The amendment also makes room for digital assets that function more like traditional cash. It explicitly allows “dollar-denominated currency that is open, permissionless, and private”, to ensure users can still transact with the same level of privacy offered by physical money.
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