S.Amdt. 4391

SA 4391. Mr. HAGERTY submitted an amendment intended to be proposed
to amendment SA 4308 proposed by Mr. Scott of South Carolina (for
himself and Ms. Warren) to the bill H.R. 6644, a bill to increase the
supply of housing in America, and for other purposes; which was ordered
to lie on the table; as follows:

In section 16A of the Federal Reserve Act, as added by
section 1001 of the amendment, add at the end the following:
``(e) Rule of Construction.--Nothing in this section,
including the termination or sunset of this section, shall be
construed as granting the Board of Governors of the Federal
Reserve System or a Federal reserve bank any authority to
issue or create a central bank digital currency or any
digital asset that is substantially similar to a central bank
digital currency directly or indirectly through a financial
institution or other intermediary.''.
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