Bills › 90th General Assembly
Relating to the use of central bank digital currency by state entities
Where it is now
- Done: IntroducedFebruary 7, 2024
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2024 session adjourned on April 19, 2024, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Iowa state agencies would be banned from accepting or requiring payments made with a central bank digital currency. These agencies must also work against any plans to test or use this type of digital money.1
Read the official explanation
This bill prohibits state entities from accepting or requiring payment, including of taxes or fees, in the form of a central bank digital currency. The bill also requires state entities to oppose testing, adoption, and implementation of a central bank digital currency. The bill defines the terms “central bank digital currency” and “state entity”.