The US Senate voted 85-5 on June 22 to pass the 21st Century ROAD to Housing Act, a sweeping piece of legislation that pairs major housing reforms with a flat ban on the Federal Reserve issuing a central bank digital currency until the end of 2030.
What’s actually in the bill
The legislation, formally designated H.R. 6644, prohibits the Fed from issuing or creating a CBDC, or any similar digital asset, until December 31, 2030. That’s a hard four-year moratorium baked into federal law, not just an executive preference or a regulatory guidance letter that can be quietly revised.
The bill was spearheaded by Sen. Tim Scott (R-SC) and Sen. Elizabeth Warren (D-MA).
On the housing side, the act aims to improve affordability by easing regulations on homebuilding and restricting large institutional investors from scooping up single-family homes. It has been described as the largest housing bill in over 30 years.
