Contact Congress about H.R. 3712: Digital Dollar Pilot Prevention Act
The Federal Reserve could not run digital dollar test programs unless Congress first approves them in a new law. The ban would cover both Fed-run tests and pilots done with private companies.
Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
Digital Dollar Pilot Prevention Act is a House bill in Congress.
Who this affects: This bill mainly affects the Federal Reserve, Congress, banks, private payment companies, and others watching whether the United States will test a digital dollar. The Federal Reserve would need Congress to act before it could run even limited pilot programs. Private companies could not help run those pilots with the Fed unless Congress first allows it.
Why this matters: The bill matters because it would decide who gets to approve early testing of a possible U.S. digital dollar. Today, the Federal Reserve could explore payment technology through research and pilots. This bill would make Congress approve CBDC testing first. That could slow the work, but it could also force a public vote before the government moves closer to a new kind of money.
Key provisions in H.R. 3712
- The bill adds a new digital dollar rule to the Federal Reserve Act. That rule would be called section 16A and would focus on central bank digital currency.
- The Federal Reserve could not test whether a digital dollar would work unless Congress later says yes in a new law. This would apply to the Federal Reserve Board and regional Federal Reserve banks.
- The ban would cover more than tests run inside the Federal Reserve. It would also cover pilots done with private companies or in coordination with them.
- A central bank digital currency would mean digital money or digital value measured in the national unit of account. It would also have to be a direct liability of the Federal Reserve, meaning the Fed itself would owe it.
- The bill only limits tests and pilot programs. It does not create a digital dollar or give anyone permission to launch one.
How Modern Action helps you take action on H.R. 3712
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
Questions people ask about H.R. 3712
- What is H.R. 3712?
- The Federal Reserve could not run digital dollar test programs unless Congress first approves them in a new law. The ban would cover both Fed-run tests and pilots done with private companies.
- How do I support or oppose H.R. 3712?
- Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.
- Who should I contact about H.R. 3712?
- Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.
- Can Modern Action explain H.R. 3712 before I act?
- Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.
