To direct the Secretary of the Treasury to develop and pilot digital dollar technologies that replicate the privacy-respecting features of physical cash.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To direct the Secretary of the Treasury to develop and pilot digital dollar technologies that replicate the privacy-respecting features of physical cash., changes federal law or congressional policy affecting technology companies and users of digital services. The main policy domain is Technology, Government Operations, Finance.
Who Benefits and How
technology companies and users of digital services may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, technology companies and users of digital services may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H7C55E0D0B56348218F94611D2D561D78: 1. Short title This Act may be cited as the Electronic Currency And Secure Hardware Act or the ECASH Act.
- Section H67A6A60F9DEF46C38B32F7A3BBD43279: 2. Definitions In this Act: The term ECIP means the Electronic Currency Innovation Program established under section 4. The term Secretary means the Secretary...
- Section H1C0F672F2F374E01BA1F202589C60802: 3. Electronic dollar The Secretary of the Treasury shall promote and facilitate the development and deployment of an electronic version of the United States...
- Section HFEE750FDC2FB491BBA6A6D8419645794: 4. Electronic Currency Innovation Program The Secretary shall establish the Electronic Currency Innovation Program to direct, oversee, coordinate, and...
- Section H18E1FD3693EC41658398DC9CA55D8ACA: 5. Digital Dollar Council The Secretary shall establish the Digital Dollar Council (in this section referred to as the Council) to coordinate the Secretary’s...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To direct the Secretary of the Treasury to develop and pilot digital dollar technologies that replicate the privacy-respecting features of physical cash., changes federal law or congressional policy affecting technology companies and users of digital services.
Key Policy Areas
Technology, Government Operations, Finance
Primary Purpose
This bill, To direct the Secretary of the Treasury to develop and pilot digital dollar technologies that replicate the privacy-respecting features of physical cash., changes federal law or congressional policy affecting technology companies and users of digital services.
Policy Domains
Whole bill
Identified Gains
- technology companies and users of digital services
Identified Costs
- federal implementing agencies
- technology companies and users of digital services
Sponsors
Legislative Progress
IntroducedMr. Lynch (for himself, Ms. Pressley, Ms. Tlaib, and Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology