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ND HCR3036

Concurrent Resolution

Official Source

Status

Passed

4/19/2023

Primary Sponsor

Robin Weisz

Click for details

Origin

House of Representatives

68th Legislative Assembly

AI Summary

  • Urges Congress not to support legislation or efforts to adopt a Central Bank Digital Currency (CBDC) in the United States
  • Cites President Biden's Executive Order 14067 (March 9, 2022) establishing an interagency effort to study and develop a U.S. CBDC
  • Expresses concerns that a CBDC would include programmable design features controlling how individuals use the currency, raising privacy concerns for North Dakota residents and businesses
  • States that CBDC adoption would constitute an unacceptable expansion of federal authority and hand unprecedented control to the Federal Reserve over lives, freedoms, and sovereignty of North Dakotans
  • Directs the North Dakota Secretary of State to distribute copies of the resolution to the President, Congress leadership, Federal Reserve Chair, Treasury Secretary, and North Dakota's Congressional Delegation

Legislative Description

The adoption of a Central Bank Digital Currency in the United States.

Last Action

Filed with Secretary Of State 04/18

4/19/2023

Committee Referrals

Industry and Business4/5/2023
Industry, Business and Labor3/31/2023

Full Bill Text

No bill text available