Nothing allows a digital currency without an Act of Congress
What the document says“Nothing in this section shall be construed to allow the Board of Governors of the Federal Reserve System to issue a central bank digital currency or any digital”
The new section 16A states that nothing in it may be read as letting the Board of Governors of the Federal Reserve System issue a central bank digital currency, or any digital asset substantially similar to one, directly or indirectly, without authorization by an Act of Congress.
What the document actually says“Nothing in this section shall be construed to allow the Board of Governors of the Federal Reserve System to issue a central bank digital currency or any digital”
This part does not give the central bank leave to issue a digital dollar.
Only a law passed by Congress could allow one. That holds whether the central bank acts directly or through others. The end date does not change that.
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.