“that is open, permissionless, and private, and fully preserves the privacy protections of United States coins and physical currency.”
The new section 16A provides that the prohibition does not reach a dollar-denominated currency that is open, permissionless, and private and that fully preserves the privacy protections of United States coins and physical currency.
What the document actually says
“that is open, permissionless, and private, and fully preserves the privacy protections of United States coins and physical currency.”
That sentence, in plain words
One kind of dollar currency is open. It needs no permission to use. It must guard privacy as well as coins and paper money do.
What this is about
Cash leaves no record of who spent it. This carve-out asks the same of a digital form. If it falls short, the ban applies.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Increase the supply of housing in America, Public Law 119-101, sec. 1101, 140 Stat. 983 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“An open, permissionless, and private dollar currency is carved out,” Increase the supply of housing in America, section 1101, Sec. 1101. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec1101-exception/ (retrieved October 10, 2026).
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