[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6415 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 6415

To amend the Federal Reserve Act to prohibit the Federal reserve banks 
 from offering certain products or services directly to an individual, 
                        and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 18, 2022

  Mr. Emmer introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To amend the Federal Reserve Act to prohibit the Federal reserve banks 
 from offering certain products or services directly to an individual, 
                        and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROHIBITION ON FEDERAL RESERVE BANKS RELATING TO CERTAIN 
              PRODUCTS OR SERVICES FOR INDIVIDUALS.

    Section 13 of the Federal Reserve Act is amended by adding at the 
end the following new paragraph:
            ``(15) Except as specifically authorized under this Act, a 
        Federal reserve bank may not offer products or services 
        directly to an individual, maintain an account on behalf of an 
        individual, or issue a central bank digital currency directly 
        to an individual.''.
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