prohibiting state or local governments from using central bank digital currency.

This bill prohibits the state treasurer and all state agencies, departments, and local political subdivisions from accepting payments made with central bank digital currency. It also forbids these entities from participating in any tests of such currency conducted by Federal Reserve branches. The law defines central bank digital currency as a digital form of money issued by a central bank for public use, noting that the Federal Reserve does not currently operate one. If passed, the restrictions would take effect 60 days after the bill becomes law.